Zenduty Raises $1.9 Mn Pre-Series A Round Zenduty aims to be an essential part of their site reliability engineering stack
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Zenduty, a B2B SaaS incident management platform has raised INR 14 crore ($1.9 million) as a part of their pre-Series A round, led by Deep Technology and SaaS VC StartupXseed Ventures, along with participation from Powerhouse Ventures, Titan Capital, Supermorpheus, 100X Entrepreneurs, Kwaish, and SF-based Secure Octane Fund, existing and new investors including Anand Chandrasekaran, Sumesh Menon, Ashish Toshniwal, Viral Bajaria, Premal Shah, Rajesh Sawhney, and GSF.
"We have been doubling every five months for the past 18 months. This round of investment along with our great set of strategic investors will help us increase our growth momentum and our market share in our key markets of North America and Europe. We are also looking forward to building a world-class, inclusive, and diverse team and accelerating product research and innovation," said Vishwa Krishnakumar, chief executive officer and co-founder, Zenduty.
"Recovering from downtime is tough and requires multiple stakeholders across different teams to come together to solve a complex problem. Having seen incidents closely from the lenses of production engineers, support teams, business owners, and end-users, we built Zenduty with a focus on collaboration, transparency, intelligence, automation, and post-incident learning," added Ankur Rawal, chief technology officer, and co-founder, Zenduty.
Fast-growing companies are operating at speeds, scales, and complexities where things can break often, and they have very broad consequences for their business and customers. A vast majority of companies globally including many Fortune 100 companies who traditionally have a high uptime are now rapidly adopting site reliability engineering (SRE) practices within their teams, along with implementing incident management processes that scale with their businesses. Zenduty aims to be an essential part of their site reliability engineering stack.
"We did multiple deep dives and found Zenduty's team and tech stack to be among the top in the market. Vishwa and Ankur are an addition to our pool of Indian Founders who are building a global B2B company. We are putting all our knowledge and connections on getting the best for the company," mentioned BV Naidu, managing partner, StartupXseed Ventures.
"We have been tracking this space for some time and discovered Zenduty's approach to be very effective. Also, multiple CXOs in our network validated the product and we led the round, backed with strong insights," added Ravi Thakur, designated partner, StartupXseed Ventures