Austin-based Quali bags $54 Million to help enterprise DevOps streamline infrastructure complexity with cloud sandboxes
Quali, an Austin, Texas-based tech startup that develops and markets software test automation solutions for telecom equipment, network services, and embedded system testing, today announced it has raised $54 million in new funding. The financing, which was co-led by Greenfield Partners and JVP, will be used to further expand its customer base, enable new partnerships, strengthen its market leadership position, accelerate CloudShell innovation, and grow the Quali team.
Founded in 2004 by Alex Ackerman and Moshe Moskovitch, Quali provides a platform for Infrastructure Automation at Scale. Quali’s CloudShell platform is used by Global 2000 enterprises to create self-service, on-demand automation solutions that increase engineering productivity, cut cloud costs, and optimize infrastructure utilization.
Quali’s CloudShell platform simplifies cloud infrastructure, making it accessible and secure for application development and deployment, accelerating digital transformation. Quali’s mission is to unlock business value encumbered by technology operations and to unleash the time and talent of technology teams so they are free to build the future—to develop, test, and deploy with simple self-service at any time, on any cloud, or even on-prem.
Despite COVID-19, Quali has experienced a record year, with significant growth, serving customers such as Cisco, Microsoft, Dell, Verizon, multiple banks, and cloud service providers. Quali investors see the immense potential in bringing automation to the masses. In addition to the continued support from Kreos Capital, this round also welcomes a fund managed by Hamilton Lane as a new investor.
While traditional Infrastructure as Code (IaC) players have focused on catering to a relatively small set of experts, Quali’s technology simplifies the user experience—effectively making cloud infrastructure, and its complexity, invisible to the application teams who need it.
“Development teams are burdened by the time and complexity of setting up and operating cloud infrastructure. Quali empowers developers to develop, testers to test, planners to plan, and ops to operate by offering safe and productive access to hybrid cloud infrastructure,” said Quali CEO, Lior Koriat. “Since Quali’s most recent funding in 2018, the company experienced rapid growth in sales, platform innovation, and expanded its own workforce globally.”