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Devrev funding
Devrev funding













devrev funding

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.

devrev funding

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.

devrev funding devrev funding

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.

  • Stripe (payment processor) at a $95 billion valuation.
  • Ant Group (from Hangzhou China) at a $150 billion valuation.
  • ByteDance (makers of TikTok) at a $180 billion valuation.
  • Unicorns are supposed to be rare but according to CB Insights, there are over 728 unicorns in the business world today.Ī Super Unicorn or Hectocorn have been new terms that have been thrown into the market by Aileen Lee, the founder of seed-stage fund Cowboy Ventures, who coined the term ‘unicorn’ originally.īasically, these are startups (or more like enterprise companies at this point) who have managed to surpass a $100 billion market capitalization.Īlthough there are plenty of public company examples, to put it in perspective, only two private companies in the world have this valuation and a close third.















    Devrev funding