Devtron announces $12 million investment from Insight Partners – Times of India

Devtron, the open-source tool integration platform for Kubernetes, has announced that it has raised $12 million (approximately 99 crore) in fresh funding led by global software investor Insight Partners. The new round follows previous investments from Leo Capital and several marquee angels. Devtron has said it will use the new capital to scale its team, drive adoption of its platform, and expand into new markets.
The cloud native space has seen the introduction of a wide array of open-source DevOps tools built for solving very specific use cases. Moreover, these tools are not built to work together seamlessly or be integrated into a singular platform to empower the development team.
Devtron says it provides a low-code software delivery platform for Kubernetes built on popular open-source tools like Argo and Clair. The platform encompasses cluster provisioning, application management, and security, among other functionality in the CI/CD workflow.

As per the company, Devtron takes a visual-first approach by “providing a GUI that abstracts away the underlying infrastructure, enabling intuitive features like one-click deployment on a central dashboard.”
“Since becoming open source, we have seen thousands of nimble startups across the globe install Devtron every month, along with many fast-growing startups as our commercial customers. It’s an exciting time of growth and development of our market-defining product,” said Rajesh Razdan, Co-Founder and CBO of Devtron.
As per Devtron, companies have been able to reduce their Kubernetes maturity journey from a year to months. In some cases, companies with more than 50 microservices have onboarded Kubernetes within 15 days. Additionally, post-adoption companies have witnessed a 5x improvement in their deployment speed with a more than 90% reduction in their change failure rate and a 70% reduction in mean time to recovery.