VC fundraising for DevOps companies
DevOps VC has matured into a category where investors weigh consumption economics, enterprise traction and the consolidation potential of platform plays against point tools. Capital concentrates in operators with credible enterprise customer bases and disciplined consumption gross margin.
Investors are DevOps and platform-engineering-specialist seed and growth funds, enterprise-software generalists with built DevOps coverage, and corporate venture arms attached to the major cloud and developer platforms. Flow has direct relationships across the DevOps specialists, enterprise generalists and the cloud and platform CVCs that back the category.
Flow has experience running VC fundraising processes for DevOps companies across CI/CD and release management, infrastructure-as-code and configuration, container and Kubernetes operations, incident management and on-call, and platform engineering and internal developer platforms. Our extensive investor network spans early-stage seed funds, growth-stage investors, and strategic and corporate VC arms.
"DevOps" KPIs VC investors look at
The metrics venture investors benchmark before pricing a round - in diligence, at the IC table, on the term sheet.
ARR
Net retention
Seats / hosts / nodes
Consumption revenue
Enterprise customer count
Module attach
ARPU per customer
Gross margin
CAC payback
Renewal rate
DevOps valuations in May 2026
Public DevOps comps trade at 9.4x EV/Revenue. Median revenue multiple across DevOps VC rounds was 19x in the last 12 months.
9.4x
Median EV/Revenue as of May 2026 for public DevOps companies
34x
Cloudflare is the highest valued public DevOps company based on EV/Revenue (excluding outliers)
1.1x
Median EV/Revenue across DevOps M&A deals in the last 12 months
19x
Median EV/Revenue across DevOps VC rounds in the last 12 months
Key recent DevOps VC rounds
$250M Series E raised by Grafana Labs was the largest DevOps VC round completed in the last six months.
See all DevOps VC rounds| Logo | HQ | Description | Investors | |||||
|---|---|---|---|---|---|---|---|---|
Mar-26 | Grafana Labs |  | Grafana Labs is a New York- and Oslo-headquartered provider of the open-source Grafana platform for observability and visualization. The firm offers the LGTM stack featuring Grafana Mimir for metrics, Loki for logs, and Tempo for traces, available via Grafana Cloud or self-hosted Enterprise editions. Notable clients include Bloomberg, Citigroup, Dell Technologies, Salesforce, and TomTom. | - | $250M | $6.0B | Series E | |
Dec-25 | Harness | | Harness is a San Francisco-headquartered continuous delivery platform for DevOps teams deploying applications on cloud infrastructures. The service automates verification pipelines, selective testing, change impact analysis, and cloud cost optimization for Kubernetes and Amazon ECS environments. Founded in 2016, Harness supports enterprises like Intuit and Porsche in accelerating software releases with built-in security scans and rollback mechanisms. Its agentless architecture integrates with GitHub, Jenkins, and major cloud providers. | Goldman Sachs | $200M | $5.5B | Series E | |
Dec-25 | Antithesis | | Antithesis is a San Francisco-headquartered cloud platform that automates reliability testing for software in simulated environments. It detects rare bugs in distributed systems, cloud infrastructure, databases, fintech applications, and blockchains by injecting faults like network delays and resource contention. The platform records full system states for deterministic replays, enabling developers to validate properties and trace root causes. Used by teams at companies handling high-stakes workloads, Antithesis supports continuous testing without production impact. | Amplify PartnersDwarkesh Patel+9 | $105M | - | Series A | |
Jan-26 | Railway | | Railway is a San Francisco-based cloud platform for deploying applications and databases. Launched in 2020, it supports Git-based deployments for Node.js, Python, and Go services with built-in Postgres and Redis. The service powers over 1 million monthly deployments for developers worldwide. | FPV VenturesRedpoint+2 | $100M | - | Series B | |
Dec-25 | Port |  | Port is a developer platform serving as a single source of truth for software catalogs and infrastructure assets. It enables self-service provisioning of dev environments, microservices ownership tracking, and automation workflows. Adopted by engineering teams at companies like NetApp and Monday.com, the Tel Aviv-headquartered tool integrates with GitHub, Kubernetes, and Terraform. | AccelBessemer Venture Partners+2 | $100M | $800M | Series C | |
Apr-26 | Cloudsmith |  | Cloudsmith is a London-headquartered platform for universal package management in software development workflows. It hosts and secures artifacts in formats like Docker containers, npm packages, Maven repositories, PyPI distributions, RubyGems, Debian, and Helm charts. Developers benefit from repository scanning, vulnerability detection, and integration with identity providers such as Okta and Azure AD. The service supports public and private feeds, API-driven automation, and analytics for usage across CI/CD pipelines in multi-cloud setups. | Insight PartnersTCV | $72M | - | Series C | |
Apr-26 | Orkes | | - | AVPBattery Ventures+3 | $60M | - | Series B | |
Jan-26 | Aikido Security |  | Aikido Security is a Ghent-based cybersecurity platform that unifies code scanning, cloud security, and runtime protection. Its AI-driven system automatically detects and remediates vulnerabilities across applications, infrastructure, and deployments. Engineering teams at companies like bol.com and Showpad rely on Aikido for comprehensive coverage without workflow disruptions. The platform scans repositories, containers, and cloud environments such as AWS and Kubernetes, prioritizing fixes to eliminate security debt efficiently. | Connect VenturesDovesco+10 | $60M | $1.0B | Series B | |
Feb-26 | RAPIDFORT | | RapidFort is a Santa Clara-based software supply chain security platform that secures container images by removing up to 95 percent of CVEs without code changes. The solution provides FIPS 140-3 validated base images, DevTime tools for SBOM generation, and RunTime protection shrinking attack surfaces by 60 to 90 percent. Used by US Air Force, Space Force, and enterprises, RapidFort speeds FedRAMP and CMMC compliance while cutting development costs. Founded in 2021, it integrates with Kubernetes and Docker workflows. | Alumni VenturesBlue Cloud Ventures+8 | $42M | - | Series A | |
Mar-26 | Unleash |  | Unleash is an open-source feature flag platform used by enterprises for progressive delivery and A/B testing. Hosted on-premises or cloud, it supports SDKs in Java, .NET, and JavaScript for real-time toggles across web, mobile, and server applications. The Oslo-headquartered tool serves thousands of organizations including Adobe. | Firstminute CapitalFrontline Ventures+2 | $35M | - | Series B | |
Mar-26 | Kestra Technologies |  | Kestra Technologies offers an open-source workflow orchestration platform for data pipelines and batch jobs. The Paris-based company supports YAML-defined flows with over 500 plugins for Kafka, Snowflake, and Airflow compatibility. Kestra Enterprise adds RBAC, audit logs, and Kubernetes deployment for production use by firms like Société Générale. | AlvenAxeleo Capital+2 | $25M | - | Series A | |
Mar-26 | Namespace Labs | | Namespace Labs is a developer platform that streamlines workflows for software engineering teams building distributed systems. The San Francisco-based company provides Kubernetes-native local environments replicating production setups for faster iteration. Namespace supports hot reloading, integrated testing, and deployment previews across multiple languages and cloud providers including AWS, GCP, and Azure. | Burst CapitalKivu Ventures+2 | $15M | - | Series A | |
May-26 | OpsMill | | Simplify Infrastructure Automation | Benhamou Global VenturesIris Fund+2 | $14M | - | Series A | |
Mar-26 | Depot | | Depot is a San Francisco-headquartered cloud build platform designed for developers deploying containerized applications. It accelerates CI/CD pipelines using remote builders integrated with GitHub, Docker, and Kubernetes, reducing build times by distributing compute across global regions. | FelicisPioneer Fund+1 | $10M | - | Series A | |
Feb-26 | AppFactor | | AppFactor provides an AI-powered SaaS platform for app modernization, enabling architects to refactor legacy applications into cloud-native architectures with automated dependency analysis and transformation. | Adara VenturesBegin Capital+2 | $4.0M | - | Seed |
VC investors active in DevOps
Y Combinator is the most active VC investor across DevOps, having invested in 29 startups in the last three years.
See all DevOps VCs| Logo | HQ | Description | Key portfolio | |||
|---|---|---|---|---|---|---|
Y Combinator | | Y Combinator is a San Francisco-headquartered startup accelerator that funds and mentors early-stage technology companies across sectors like software, biotechnology, and fintech. Since its inception in 2005, it has propelled alumni including Airbnb, Dropbox, and Stripe through intensive three-month programs featuring Demo Days and investor networks. | SonarlyMendralDepot+2 | 29 | Pre-seed | |
Alumni Ventures | | Alumni Ventures is a Manchester, New Hampshire-headquartered venture capital firm managing diversified portfolios for 10,000 accredited investors. Operations run 50 funds targeting seed through Series B stages in AI, biotech, and climate tech. Sourcing draws from 1,000 university alumni networks with co-investments alongside Sequoia and a16z across 1,400 portfolio firms. | RAPIDFORTOpseraSawmills+2 | 8 | Seed | |
Antler |  | Antler is a Singapore-headquartered global venture capital firm founded in 2017 that invests in early-stage tech companies. It operates day-zero programs in 27 cities, backing 1,000+ startups with $100 million deployed annually across AI, fintech, and sustainability. Portfolio includes unicorns like Hold One and Tiqets, with a network of 3,000 mentors and 700+ investors for follow-ons. | DUKU AIChipTwinCloudgeni+2 | 7 | Pre-seed | |
Techstars | | Techstars is a Boulder-headquartered global network founded in 2006 that operates over 50 accelerators annually across 15 countries. It invests $120,000 in exchange for 6 percent equity in 500 startups yearly, spanning AI, sustainability, and healthcare. The firm manages a venture fund deploying capital into alumni companies and runs corporate partnerships with brands like Amazon and Barclays for innovation pilots. Techstars portfolio exceeds 3,500 companies valued over $15 billion collectively. | QoveryBuildstashCodspeed+2 | 6 | Pre-seed | |
O | Olivier Pomel | | Olivier Pomel co-founded and leads Datadog as CEO from New York, delivering cloud monitoring and observability platforms to enterprises worldwide. Previously vice president of technology at Wireless Generation, he honed engineering skills at CentraleSupélec. | QoveryResolvdDigger+2 | 5 | Pre-seed |
Pioneer Fund | | Pioneer Fund is a San Francisco-based venture capital firm that invests exclusively in Y Combinator batches. The fund deploys capital into early-stage startups from accelerator programs, with portfolio companies including DoorDash, Airbnb, and Stripe alumni. It manages over $100 million across multiple funds focused on software, fintech, and consumer tech sectors. | DepotdatafruitGlasskube+2 | 5 | Pre-seed | |
Felicis | | Felicis is a Menlo Park-headquartered venture capital firm managing $3.4 billion across multiple funds. The firm invests in early-stage companies in AI, machine learning, biotech, and enterprise software, with notable portfolio exits including Canva and Opendoor. Backing over 100 startups since 2007, Felicis supports teams through talent networks and operational resources, achieving top-quartile returns in enterprise and healthtech verticals. | DepotRAPIDFORTOpsera+2 | 5 | Series A | |
Insight Partners | | Insight Partners is a New York-headquartered global venture capital and private equity firm specializing in software investments. The firm targets high-growth companies in enterprise software, SaaS, fintech, cybersecurity, and healthcare IT sectors. It provides capital, operational support, and talent placement to portfolio companies spanning seed through late-stage growth. Notable investments include DocuSign, Shopify, and Recorded Future. With offices across North America, Europe, Israel, and Asia, Insight Partners manages a diverse portfolio exceeding 800 companies. Founded in 1995, the firm emphasizes scaling businesses through dedicated teams for go-to-market strategies and mergers. | CloudsmithOctopus DeployTestkube+2 | 4 | Series A | |
Crane Venture Partners | | Crane Venture Partners is a London-headquartered venture capital firm that invests in seed and Series A-stage enterprise software and deep technology companies throughout Europe. Backed by experienced operators, it provides go-to-market support to portfolio companies like Synthesia in AI video generation and Tractable in AI claims processing. The firm manages over €200 million across multiple funds. | QoverySRE.aiConfigHub+2 | 4 | Pre-seed | |
Connect Ventures | | Connect Ventures is a London-based venture capital firm that invests in pre-seed and seed-stage European startups building consumer products in fintech, health, and productivity. The fund backs companies like Hopin for virtual events and Karakuri for AI chatbots, managing over 50 portfolio firms. Connect Ventures operates from offices in London and Paris with a focus on product-led theses. | Aikido SecurityEwakeDessn+2 | 4 | Pre-seed |
Founders and investors we've worked with
We've supported winning builders across DevOps and beyond.
Ziik
We acted as fundraising advisor to Ziik, a Copenhagen-based all-in-one social intranet and internal communication SaaS platform, on its growth funding round.
See more
Sentryc
We led the capital raising process for Sentryc, a Berlin-based AI-driven brand protection and IP software provider, on its growth round led by Seventure Partners.
See more
Picus Security
We advised PE firm Turkven on its $24m Series B investment into Picus Security, an Istanbul-based breach and attack simulation (BAS) cybersecurity platform.
See more
sevDesk
We advised New York-based crossover investor Arena Holdings on its €50m growth investment into sevDesk, a leading German cloud-native accounting platform for SMEs and freelancers.
See more
Orka
We advised Elysian Fields on its investment into Orka, a Reykjavik-based portfolio of online consumer lending platforms, supporting deal structuring and growth-capital deployment in the Icelandic fintech market.
See moreRecent VC fundraising track record
See our VC fundraising experience across DevOps and beyond.
Explore our VC fundraising offering for similar verticals
We're a specialized fundraising advisor to software companies.
Our VC fundraising experience spans across all software verticals.
Explore other sectors
We know tech inside & out.
We provide capital raising advisory services to companies operating across the entire tech.
More services
We're with you before and after raising VC money: we help you organise your FP&A as fractional CFOs, and coordinate your M&A process.
Fractional CFO for DevOps companies
We integrate into your workflows to help with financial modelling, build out FP&A tech stack, and ultimately provide guidance towards an M&A or raising venture capital.
Learn moreM&A for DevOps companies
We advise winning tech companies on M&A exits, and over the years successfully executed numerous transactions with both financial and strategic buyers.
Learn moreTalk to us
Schedule a call to get a health check on your business and see how we could help.
Fractional CFO
- Fractional CFO for Software
- Fractional CFO for AI & ML
- Fractional CFO for Fintech
- Fractional CFO for Consumer internet
- Fractional CFO for Digital media
- Fractional CFO for E-commerce & marketplaces
- Fractional CFO for Consumer products
- Fractional CFO for Mobility
- Fractional CFO for Digital health
- Fractional CFO for Industrial technology
- Fractional CFO for Digital infrastructure
- Fractional CFO for IT services
Stages
Countries
- UK Fractional CFO
- Ireland Fractional CFO
- France Fractional CFO
- Germany Fractional CFO
- Spain Fractional CFO
- Portugal Fractional CFO
- Italy Fractional CFO
- Netherlands Fractional CFO
- Belgium Fractional CFO
- Switzerland Fractional CFO
- Austria Fractional CFO
- Denmark Fractional CFO
- Sweden Fractional CFO
- Norway Fractional CFO
- Finland Fractional CFO
- Poland Fractional CFO
- Estonia Fractional CFO
- US Fractional CFO
- Canada Fractional CFO
- Mexico Fractional CFO
- Brazil Fractional CFO
- UAE Fractional CFO
- Australia Fractional CFO
Cities
- London Fractional CFO
- Dublin Fractional CFO
- Paris Fractional CFO
- Berlin Fractional CFO
- Madrid Fractional CFO
- Lisbon Fractional CFO
- Milan Fractional CFO
- Amsterdam Fractional CFO
- Brussels Fractional CFO
- Zurich Fractional CFO
- Vienna Fractional CFO
- Copenhagen Fractional CFO
- Stockholm Fractional CFO
- Oslo Fractional CFO
- Helsinki Fractional CFO
- Warsaw Fractional CFO
- Tallinn Fractional CFO
- New York Fractional CFO
- Toronto Fractional CFO
- Mexico City Fractional CFO
- São Paulo Fractional CFO
- Dubai Fractional CFO
- Sydney Fractional CFO