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One of the most disjointed parts of being a developer is working on parts of a software product based on what they think potential customers want or need.
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What is DevRev?ĭevRev, as the name sounds, is a business software company that promises to bring developers closer to customers and revenue. However, to provide such a huge round pre-revenue, one of the biggest in the valley, signals that investors, as well as Dheeraj himself, are onto a huge idea that could be worth big bucks. I especially respected him as a leader during my time at Nutanix years ago and had the opportunity to grow myself during his tenure. It’s only because of his experience growing Nutanix into a company that disrupted the storage industry that backers are confident in this ability to grow a company into a fully hyper-growth enterprise business. Of course, it’s not always a common event to see a startup raise $50 million in seed funding (to put it in perspective, an average seed round is $2.2 million, but in the previous decade, it was even as lower as $500k). In a burst of news into the industry, he has announced his new startup, which has already raised $50 million in seed funding and hired 75 employees. On July 14th, 2021, Dheeraj Pandey, the co-founder and ex-CEO of Nutanix (and my ex-boss!), revealed his stealth startup.
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Usually, when a stealth startup emerges, it’s a product that is either hiding information from competitors or a marketing strategy to build a public image.
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