Revel Raises $150M Series B

Revel, a Los Angeles-based startup specializing in software for hardware testing and control, has raised $150 million in a Series B funding round.

Investors

The round was led by Index Ventures, with participation from Redpoint Ventures, Thrive Capital, Felicis, Abstract Ventures, and angel investor Dylan Field.

Revel Use of Funds

The capital will be used to accelerate expansion across industrial and high-tech sectors including aerospace, defense, and robotics. Additionally, the funds will support team expansion, continued product development, and broader market deployment.

About Revel

Founded and led by CEO Scott Morton, Revel is focused on addressing the growing complexity of modern hardware systems. The company provides a platform that enables teams to visually configure hardware systems, monitor live telemetry, and execute commands in real time. Revel programming language, RevelCode, combines Python-inspired syntax with deterministic execution to provide real-time observability and reliability in high-consequence testing environments.

Funding Details

Company: Revel Software Corporation
Raised: $150M
Round: Series B
Funding Date: May 20, 2026
Lead Investor: Index Ventures
Additional Investors: Redpoint Ventures, Thrive Capital, Felicis, Abstract Ventures, Dylan Field

Company Website: https://revel.io/
Software Category: Industrial Software
Source: https://www.businesswire.com/news/home/20260226807932/en/