env0 Raises $35 Million Series A Led by Venture Guides

Provider of Infrastructure as Code (IaC) Closes 2022 with 450% customer-led growth

SUNNYVALE, Calif & TEL AVIV, Israel – March 29, 2023—env0, a provider of Infrastructure as Code (IaC) workflow automation and management software, today announced it has secured an additional $18.1 million of funding to conclude its Series A investment round with a total of $35.1 million. The company grew by 450% in FY 2022, signing a number of new customers including MGM Resorts International, PayPal and VMware. env0 will use the new funds to accelerate research and development of new products to scale customer cloud operations safely.

This latest round, which brings env0's total funding to $41.9 million, is led by Venture Guides, a new firm formed by industry veterans from Bain Capital Ventures. The round includes new investors StepStone Group and Knollwood Investment Advisory, with all existing investors boldstart ventures, Grove Ventures, Microsoft's M12 and Crescendo Venture Partners participating as well. The funding is Venture Guides first major investment from their initial $200 million fund.

Businesses want to accelerate their cloud adoption, but often encounter challenges of complexity, scale, and security. IaC helps customers solve these challenges, making it a top strategic imperative. Today, the IaC market is growing by more than 30% annually and is projected to reach more than $3.5 billion by 2030. Most IaC tools, however, address only technical implementation and provisioning issues without regard for user experience, security and governance, or business goals. In fact, developers frequently believe business policies hinder their ability to drive innovation. With env0, users gain frictionless access to self-service infrastructure environments and resources. This governed access allows production environments to be kept safe without limiting companies innovation.

The funding builds momentum on a banner year in which env0 grew revenue by more than five times, customer count by two and a half times, and shipped key feature additions, including:

• Support for more IaC tools: CloudFormation, Pulumi, Terragrunt (including the popular run-all capability)
• Automated drift detection
• Support for Azure DevOps, finalizing env0's support in all major version control system platforms
• Terraform end-to-end functionality: Terraform remote backend, module registry, remote plan, Plan/apply on PR
• Enterprise-focused capabilities including multi-tier workflows, auditing, external logging platform integration, pluggable integration architecture, and expanded RBAC and OIDC authentication.

Visit www.env0.com to learn more, or start a free trial today.

About env0

env0 is the best way to deploy and manage your IaC, including Terraform, Terragrunt, CloudFormation, Pulumi, Kubernetes, and others. The env0 platform enables users and teams to collaborate and provide self-service cloud deployments, all with advanced policies to meet governance and compliance. With env0, every engineer, from development, operations, and DevOps can deploy infrastructure simply, quickly, and safely. Maximum productivity, minimum friction.

About Venture Guides

Venture Guides is an early-stage firm offering a unique investing and operating approach that helps startups with product management and commercialization strategies in the infrastructure software domain. The firm's transparent and team-based approach delivers entrepreneurs consistent yield and strong profit performance. Forbes Midas List and Inc. 5000 rankings have recognized the performance-driven achievement of Venture Guides partners multiple times.