Quali is an environments-as-a-service for cloud and DevOps automation company that has raised $22.5 million in Series C funding led by Jerusalem Venture Partners (JVP). JVP general partner Yoav Tzruya is joining Quali in the role of board chairman in conjunction with this funding round. Existing investors Dell Ventures, Kreos Capital, Evergreen Ventures, Gemini Israel Ventures, and ORR Partners also participated in this round.
Photo Credit: Quali
There are more than 200 customers worldwide including Tier 1 enterprises, service providers, and technology vendors that use Quali. Quali’s CloudShell platform is an industry leader in self-service environments for a variety of use cases including DevOps automation, technical sales demos, and cybersecurity and compliance.
Quali’s CloudShell-based solutions improve the productivity of development and test engineering organizations. And it accelerates the sales cycles for selling organizations and helps improve the security and compliance posture for security teams.
“We’re seeing a strong uptake of our solutions with hundreds of customers globally as they invest in digital transformation initiatives,” said Quali CEO Lior Koriat in a statement. “We’re quite pleased to raise this new round of funding and welcome the investment from JVP that has a demonstrated track record of building great companies. The Quali CloudShell platform is a proven leader in the industry and this new round allows us to accelerate our go-to-market and increase our innovation velocity.”
With this round of funding, Quali will be increasing its momentum in the enterprise by accelerating growth in cloud, security, and DevOps use cases. In the past couple of years, Quali hit high double-digit annual recurring revenue (ARR) growth and expanded further into the enterprise. The company’s customers include Bank of America, Wells Fargo, the Department of Defense, and IBM. Quali is also going to expand its sales footprint in the U.S. and set up new offices in Austin, Texa.
“Quali is a proven category leader in the Public and Private Cloud Automation category. With multiple companies addressing the global trend of digital transformation, we constantly witness organizations struggling with streamlining ever-increasing complex deployments. We believe the need for CloudShell will continue to grow,” added Tzruya. “We are encouraged to see existing customers re-engage to deploy more use-cases, as well as additional industries and geographies that are engaging with the company.”