CoreStack raises $30M in Series B funding
CoreStack raised $30 million in Series B funding led by Avatar Growth Capital. The round also saw participation from Dallas Venture Capital (DVC), Iron Pillar, and a clutch of angel investors.
The company plans to use the capital to develop its product offerings further and expand into new markets.
CoreStack CEO Ezhilarasan Natarajan stated, ”Adoption of enterprise cloud solutions has witnessed a massive uptick post-pandemic. CoreStack is leading the way in helping these companies unleash the power of cloud through governance across compliance, security, operations, cost, and consumption. We are thrilled that we can further expand and innovate, thanks to the new partnership with Avatar Growth Capital, as well as the continued support of our existing investors.”
The company’s focus on AI-powered cloud native governance follows a cloud-as-code approach, orchestration frameworks, deep AI/ML, and patented connector-less model.
Commenting on the investment Avatar Growth Capital Director Abhay Halvadar said, “CoreStack’s unique and innovative end-to-end cloud governance platform is a trail-blazer in the industry. The rapid adoption of CoreStack by enterprises endorses the transformative value that the solution is able to provide, and we’re truly impressed with the leadership team and the progress the company has been able to make.” He added, “CoreStack’s holistic approach to cloud-native governance is the missing link that enterprises need in order to get the best out of their cloud deployments.”
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