- Thundra, a company that is helping application teams run faster, announced it raised $4 million in funding and named Ken Cheney as CEO. Plus Neeraj Agrawal has joined the board.
Thundra is a company that is helping application teams run faster. And recently the company announced it raised $4 million in Series A funding led by Battery Ventures with participation from venture fund York IE as well as Berkay Mollamustafaoglu, the founder of Opsgenie and ScaleX Ventures. Battery Ventures General Partner Neeraj Agrawal also joined the Thundra board of directors.
This round of funding will be used for accelerating product innovation as well as scaling 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.
Recently, Thundra also announced it appointed Ken Cheney as CEO. Cheney previously worked at several enterprise startups as well as established corporations. And Thundra held executive positions at companies including Mercury Interactive, Hewlett-Packard, Likewise Software (acquired by EMC), Message Bus, Chef Software, and Qumulo.
“Our customers consistently state that they face competitive pressures. Using Thundra, application teams can rapidly improve productivity,” said Cheney. “Thundra replaces the need for multiple tools. With this latest iteration of the Thundra platform, application teams gain the security and compliance guard rails to run fast safely along with anomaly detection of issues spanning performance, availability, cost, security and compliance, as well as the ability to rapidly troubleshoot and resolve issues end-to-end, improving mean time to repair (MTTR) dramatically.”
Thundra recently announced the industry’s first comprehensive Application Observability and Security Platform as co-founder Serkan Ozal resumes the role of CTO.
And Thundra — which is a spinout of Opsgenie (acquired by Atlassian earlier this year) — successfully manages large-scale microservice applications across development, testing, staging, and production environments. And 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 started as a project within one of our portfolio companies, Opsgenie, where it immediately demonstrated enormous value,” added 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 are able to use Thundra to manage modern cloud-native microservice applications and significantly reduce time spent managing traditionally complex microservice applications such as those leveraging serverless functions, containers, or virtual machines. And as a result, teams are able to develop and manage applications exponentially faster without sacrificing security or compliance.
“Enterprises must innovate quickly or die,” explained 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.”
