DuploCloud Secures $32M Investment to Simplify Cloud App Provisioning

It’s only appropriate that a cloud-based software-as-a-service startup closed a sizeable funding round during AWS’ biggest week. DuploCloud, which sells a set of tools to make provisioning apps to public clouds easier, announced that it raised $32 million in a Series B financing round, bringing its total raised to $49.5 million. CEO Venkat Thiruvengadam says the funds will go toward engineering efforts and the platform’s growth and expansion.

Thiruvengadam, an early engineer in the Azure org at Microsoft, founded DuploCloud to bridge the gap in the cloud dev space. The platform offers tools to provision cloud infrastructure for networking, security, databases, and compliance controls in a customer’s cloud account. Thiruvengadam says the company empowers developers to build and operate their own infrastructure, which has led to a 700% increase in annual recurring revenue since 2021.

With the investment, DuploCloud has several years of runway and plans to continue growing its team. WestBridge Capital, one of the investors, believes the company is a wise investment due to its growth and product innovation in the DevOps space. DuploCloud, headquartered in San Jose, California, currently has 72 staffers and expects to hire at least ten more by the end of the year.