Platformatic Raises $3.5 Million in Funding 

by Kay Aloha Villamor in June 2nd, 2023

Platformatic, a San Francisco, CA-based backend development platform for developers and enterprises, raised $3.5 million in funding and launched a suite of new enterprise-grade solutions.

Decibel led the funding round, with participation from Panache Ventures and notable angel investors such as Tom Preston-Werner (GitHub founder), Feross Aboukhadijeh (Socket founder and CEO), James Snell (major Node.js contributor), Jevon MacDonald (Tier.run founder), Walter Kortschak (Silicon Valley investor), and Omri Barzilay (serial entrepreneur and investor).

The funds will be utilized to expand the platform, grow the team, and further establish Fastify as the preferred open-source web framework for Node.js development.

The company's core product provides an instant backend architecture for Node.js applications, incorporating best-of-breed components such as native database integration, integration with existing CI/CD tools, application templates, feature flagging, IDE integrations, and observability.

Today, Platformatic launches a suite of new enterprise-grade products that can be self-hosted on-prem, in a private cloud, or on Platformatic’s managed cloud service: Platformatic Runtime, Platformatic Taxonomy, Platformatic Composition, and Platformatic Cloud.

"A modern enterprise needs to keep at pace with user demands without over-burdening platform engineering teams. Platformatic provides individual developers of all skill levels with an out-of-the box, modular platform engineering solution to cut infrastructure development work by up to 90%, while also providing enterprises with a resilient microservices architecture to support their applications," says Luca Maraschi, co-founder and CEO.

Company: Platformatic, Inc. 

Raised: $3.5M

Round: Unknown 

Funding Month: June 2023

Lead Investors: Decibel

Additional Investors: Panache Ventures, Tom Preston-Werner, Feross Aboukhadijeh, James Snell, Jevon MacDonald, Walter Kortschak, and Omri Barzilay

Company Website: https://platformatic.dev/

Software Category: Backend Development Platform

About the Company: Founded by Matteo Collina and Luca Maraschi, Platformatic is a company that is building a fast backend development platform to free developers from the complexities of repetitively building and operating distributed application backends. Platformatic empowers any developer to build a modern, resilient backend out of the box so they can start building the applications that matter instead of the complex underlying infrastructure. The company is headquartered in San Francisco and has an office in Vancouver.

Source: https://www.businesswire.com/news/home/20230531006036/en/Platformatic-Raises-3.5M-to-Help-Developers-and-Enterprises-Evolve-Microservices-Without-a-Costly-Rearchitecture-of-Legacy-Backend




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