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Stacklet Receives $14.5M Series B Round

ARLINGTON, VA, Stacklet, the leader in cloud governance and optimization as code, today announced it has secured $14.5 million in Series B funding.
The round, led by SineWave Ventures and with participation from Strait Capital, Uncorrelated Ventures, Capital One Ventures, Foundation Capital, and Relentless VC, brings Stacklet's total funding to $36.5 million. Stacklet, co-founded by the same core creative team behind CNCF's Cloud Custodian open source project, saw 3x revenue growth in the last fiscal year fueled by recognizable names in cloud like A+E Networks, Avalara, Madhive, Center for Internet Security, Blackbaud, Truist, and several fortune 500 leaders. This new investment will accelerate product development and expand sales and marketing efforts for Stacklet's cloud governance as code platform.

Stacklet helps organizations with large cloud estates optimize cost, improve security, and ensure compliance by simplifying and automating all aspects of governance via code. Our company was founded by the creators and maintainers of CNCF's Cloud Custodian, an open-source project used today by thousands of well-known global brands. Stacklet Platform is an award-winning governance as code solution that enables teams to identify and remediate cloud governance issues while establishing preventative guardrails against their recurrence. Renowned for supporting some of the world's most substantial cloud service consumers, Stacklet Platform helps mitigate cloud waste and risk on a large scale.
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