Kloudfuse Raises $23 Million in Funding

by Kay Aloha Villamor in November 7th, 2023

Kloudfuse, a Cupertino, CA-based observability datalake startup, has emerged from stealth with $23 million in funding, including a $17 million Series A.

SaaS Investors

The Series A round was led by Newlands, with participation from Blumberg Capital, Aspenwood Ventures, High Sage, and Exponent.

Founded in 2021, Newlands is a global investment partnership.

Kloudfuse Use of Funds

The company plans to use the funding to expand Kloudfuse's product management, marketing, and sales teams.

About Kloudfuse

Founded by Krishna Yadappanavar, Pankaj Thakkar, and Ashish Hanwadikar, Kloudfuse offers a platform that serves as a data lake, a centralized repository for unstructured observability data, allowing customers to analyze metrics, events, logs, and traces from various software applications and machines. One of its key features is the automatic alerting of anomalies in the data that might indicate issues. The company has attracted well-known customers like Workday, GE HealthCare, and Automation Anywhere. Its mission is to make unified cloud observability more accessible and scalable to enterprises, enabling them to handle increased cardinality, gain more control, and reduce costs. 

Funding Details

Company: Kloudfuse, Inc.

Raised: $23.0M

Round: Seed and Series A

Funding Month: November 2023

Lead Investors: Newlands (Series A)

Additional Investors: Blumberg Capital, Aspenwood Ventures, HighSage Venture

Company Website: https://www.kloudfuse.com/

Software Category: Data Observability Platform

Source: https://robots.net/news/coperniq-raises-4m-seed-round-to-revolutionize-project-management-for-solar-installers/


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