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Announcing our $6M investment to double down on IT incident and Reliability needs

Announcing our $6M investment to double down on IT incident and Reliability needs

August 6, 2021
Announcing our $6M investment to double down on IT incident and Reliability needs
In This Article:
Our Products
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Incident Response
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When Squadcast was founded back in 2018, we had a concise yet clear goal—we wanted to make it as easy as possible for companies to manage their IT incident and reliability needs. In the spirit of continuing that mission, today I’m excited to announce our $6M fundraise led by DNX Ventures and backed by Wipro Ventures, Nexus Ventures, and Chiratae Ventures. We’re also pleased to announce the addition of DNX and Q Motiwala to our Board of Directors.

In an always-on world, reliability is a primary business KPI. Poor IT incident management and response processes can lead to significant business consequences, so it’s incumbent on every team member to ensure a fast and reliable company incident response plan. It is the need of the hour to equip our engineering and operations teams, who are at the forefront of building and managing our systems, with the right DevOps and SRE tools to manage and optimize their core reliability metrics.

That said, we plan to use this capital to expand our product offering and grow the core team across all functions at Squadcast. This will include launching the ability to configure response automations, significantly increasing the interoperability of our platform, and adding revamped features such as status pages and on-call schedules.

With this exceptional new set of partners, and our shared belief that reliability software needs to be fundamentally centered around the developer experience, we’re thrilled to be doubling down on providing high-quality service to our 300+ customers (and counting!) across 50 countries.

Lastly, I’d like to express my gratitude for each and every one of Squadcast’s employees. Their passion, courage, and determination inspires me daily. Our team is always on the lookout for like-minded, passionate people and we’re currently hiring for several open roles. If you know someone who would be a great fit, let’s start a conversation. Our business is just getting started!

Amiya Adwitiya
Chief Executive Officer

Additional Reading : Eva Nahari, Principal @DNX Ventures - "Our Investment in Squadcast - a SaaS-based Incident Response platform"

For more details regarding the funding, please read our press release.

Written By:
August 6, 2021
Amiya Adwitiya
Amiya Adwitiya
August 6, 2021
Squadcast Updates
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Squadcast is a leader in Incident Management on G2 Squadcast is a leader in Mid-Market IT Service Management (ITSM) Tools on G2 Squadcast is a leader in Americas IT Alerting on G2 Best IT Management Products 2024 Squadcast is a leader in Europe IT Alerting on G2 Squadcast is a leader in Enterprise Incident Management on G2 Users love Squadcast on G2
Squadcast is a leader in Incident Management on G2 Squadcast is a leader in Mid-Market IT Service Management (ITSM) Tools on G2 Squadcast is a leader in Americas IT Alerting on G2
Best IT Management Products 2024 Squadcast is a leader in Europe IT Alerting on G2 Squadcast is a leader in Enterprise Incident Management on G2
Users love Squadcast on G2
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Announcing our $6M investment to double down on IT incident and Reliability needs

Aug 6, 2021
Last Updated:
September 13, 2024
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Announcing our $6M investment to double down on IT incident and Reliability needs

We're thrilled to announce our $6M fundraise led by DNX Ventures, backed by Wipro, Nexus Venture Partners, and Chiratae Ventures. Read this post from Squadcast CEO Amiya Adwitiya to learn more about where we go from here!

Table of Contents:

    When Squadcast was founded back in 2018, we had a concise yet clear goal—we wanted to make it as easy as possible for companies to manage their IT incident and reliability needs. In the spirit of continuing that mission, today I’m excited to announce our $6M fundraise led by DNX Ventures and backed by Wipro Ventures, Nexus Ventures, and Chiratae Ventures. We’re also pleased to announce the addition of DNX and Q Motiwala to our Board of Directors.

    In an always-on world, reliability is a primary business KPI. Poor IT incident management and response processes can lead to significant business consequences, so it’s incumbent on every team member to ensure a fast and reliable company incident response plan. It is the need of the hour to equip our engineering and operations teams, who are at the forefront of building and managing our systems, with the right DevOps and SRE tools to manage and optimize their core reliability metrics.

    That said, we plan to use this capital to expand our product offering and grow the core team across all functions at Squadcast. This will include launching the ability to configure response automations, significantly increasing the interoperability of our platform, and adding revamped features such as status pages and on-call schedules.

    With this exceptional new set of partners, and our shared belief that reliability software needs to be fundamentally centered around the developer experience, we’re thrilled to be doubling down on providing high-quality service to our 300+ customers (and counting!) across 50 countries.

    Lastly, I’d like to express my gratitude for each and every one of Squadcast’s employees. Their passion, courage, and determination inspires me daily. Our team is always on the lookout for like-minded, passionate people and we’re currently hiring for several open roles. If you know someone who would be a great fit, let’s start a conversation. Our business is just getting started!

    Amiya Adwitiya
    Chief Executive Officer

    Additional Reading : Eva Nahari, Principal @DNX Ventures - "Our Investment in Squadcast - a SaaS-based Incident Response platform"

    For more details regarding the funding, please read our press release.

    What you should do now
    • Schedule a demo with Squadcast to learn about the platform, answer your questions, and evaluate if Squadcast is the right fit for you.
    • Curious about how Squadcast can assist you in implementing SRE best practices? Discover the platform's capabilities through our Interactive Demo.
    • Enjoyed the article? Explore further insights on the best SRE practices.
    • Schedule a demo with Squadcast to learn about the platform, answer your questions, and evaluate if Squadcast is the right fit for you.
    • Curious about how Squadcast can assist you in implementing SRE best practices? Discover the platform's capabilities through our Interactive Demo.
    • Enjoyed the article? Explore further insights on the best SRE practices.
    • Get a walkthrough of our platform through this Interactive Demo and see how it can solve your specific challenges.
    • See how Charter Leveraged Squadcast to Drive Client Success With Robust Incident Management.
    • Share this blog post with someone you think will find it useful. Share it on Facebook, Twitter, LinkedIn or Reddit
    • Get a walkthrough of our platform through this Interactive Demo and see how it can solve your specific challenges.
    • See how Charter Leveraged Squadcast to Drive Client Success With Robust Incident Management
    • Share this blog post with someone you think will find it useful. Share it on Facebook, Twitter, LinkedIn or Reddit
    • Get a walkthrough of our platform through this Interactive Demo and see how it can solve your specific challenges.
    • See how Charter Leveraged Squadcast to Drive Client Success With Robust Incident Management
    • Share this blog post with someone you think will find it useful. Share it on Facebook, Twitter, LinkedIn or Reddit
    What you should do now?
    Here are 3 ways you can continue your journey to learn more about Unified Incident Management
    Discover the platform's capabilities through our Interactive Demo.
    See how Charter Leveraged Squadcast to Drive Client Success With Robust Incident Management.
    Share the article
    Share this blog post on Facebook, Twitter, Reddit or LinkedIn.
    We’ll show you how Squadcast works and help you figure out if Squadcast is the right fit for you.
    Experience the benefits of Squadcast's Incident Management and On-Call solutions firsthand.
    Compare our plans and find the perfect fit for your business.
    See Redis' Journey to Efficient Incident Management through alert noise reduction With Squadcast.
    Discover the platform's capabilities through our Interactive Demo.
    We’ll show you how Squadcast works and help you figure out if Squadcast is the right fit for you.
    Experience the benefits of Squadcast's Incident Management and On-Call solutions firsthand.
    Compare Squadcast & PagerDuty / Opsgenie
    Compare and see if Squadcast is the right fit for your needs.
    Compare our plans and find the perfect fit for your business.
    Learn how Scoro created a solid foundation for better on-call practices with Squadcast.
    Discover the platform's capabilities through our Interactive Demo.
    We’ll show you how Squadcast works and help you figure out if Squadcast is the right fit for you.
    Experience the benefits of Squadcast's Incident Management and On-Call solutions firsthand.
    We’ll show you how Squadcast works and help you figure out if Squadcast is the right fit for you.
    Learn how Scoro created a solid foundation for better on-call practices with Squadcast.
    We’ll show you how Squadcast works and help you figure out if Squadcast is the right fit for you.
    Discover the platform's capabilities through our Interactive Demo.
    Enjoyed the article? Explore further insights on the best SRE practices.
    We’ll show you how Squadcast works and help you figure out if Squadcast is the right fit for you.
    Experience the benefits of Squadcast's Incident Management and On-Call solutions firsthand.
    Enjoyed the article? Explore further insights on the best SRE practices.
    Written By:
    August 6, 2021
    August 6, 2021
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