Thundra announced $4 million in Series A funding led by global investment firm Battery Ventures, with participation from venture fund York IE as well as Berkay Mollamustafaoglu, the founder of Opsgenie and ScaleX Ventures.
Battery General Partner Neeraj Agrawal joined the Thundra board of directors. The funds will be used to accelerate product innovation as well as to scale the company’s marketing and sales teams in North America and Europe who work closely with customers navigating the shift to modern, cloud-native applications.
Thundra also announced the appointment of Ken Cheney as CEO. Cheney’s distinguished career includes growing several enterprise startups as well as helping established corporations define and own market categories. He has held executive positions at companies including Mercury Interactive, Hewlett-Packard, Likewise Software (acquired by EMC), Message Bus, Chef Software and Qumulo. Cheney has a proven track record in the application management space. His appointment comes as Thundra debuts exciting new capabilities. Today, the company announced the industry’s first comprehensive Application Observability and Security Platform™, as co-founder Serkan Ozal resumes the role of CTO.
Thundra, a spinout of Opsgenie which was acquired by Atlassian earlier this year, successfully manages large-scale microservice applications across development, testing, staging and production environments. The Thundra Application Observability and Security Platform™ provides the first true end-to-end visibility, anomaly detection, debugging, troubleshooting, alerting and automated actions for serverless-centric, container and virtual machine workloads. Thundra is the only provider that can offer application management, security and compliance together in a manner that pinpoints down to the line of code if there is an issue.
“Thundra started as a project within one of our portfolio companies, Opsgenie, where it immediately demonstrated enormous value,” said Neeraj Agrawal. “There is a massive opportunity for Thundra as a stand-alone company, and it is time to aggressively scale. We believe Thundra’s combination of talent and technology will drive application management forward quite rapidly by bringing to market highly innovative product features, such as the Thundra Application Observability and Security Platform.”
“Enterprises must innovate quickly or die,” said Izzy Azeri, a seasoned entrepreneur who serves as an independent director on the Thundra board. “Those who are first to adopt cloud-native, serverless-centric applications gain a powerful capability to out-innovate competitors. Thundra dramatically reduces the friction enterprises face when moving to cloud-native applications composed of microservices, consolidating capabilities typically provided by numerous complex tools while also doing the hard part, delivering greater value than all of those tools combined.”
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