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Esper raises $60M in Series C round

esper funding

Esper announced that it has raised $60 million in a Series C round led by Insight Partners, with participation from existing investors including Scale Venture Partners, Madrona Ventures, and Root Ventures. 

With the latest investment, Esper’s total funding stands at $100 million so far following the company’s $30 million Series B raised just four months ago, in May 2021.

Esper developed the industry’s first DevOps platform for intelligent edge devices and was labeled one of the top 10 hottest startups in 2021 by CRN.

The India and US-based startup plans to use the freshly raised funds to further extend its ability to spread awareness to more enterprise customers.

Speaking about the funding, Yadhu Gopalan, CEO and Co-founder at Esper said, “India witnessed unprecedented digital transformation since the pandemic, which makes it a unique market with the potential to adopt DevOps across every industry. Android DevOps has the potential to transform Indian businesses through their journey towards agility, increase operational efficiency, and control costs.” 

Commenting on the investment, Philine Huizing, Vice President at Insight Partners, said, “For years, we’ve seen these massive projections about IoT devices of all kinds. But on the ground, enterprises and SMBs are struggling with the reality that large-scale deployments of devices are hard and expensive when you go it alone.”

“Esper has emerged as the only platform that provides modern DevOps capabilities in a package purpose-built for intelligent edge devices. And even better, developers tell us that they love using Esper,” she added.

“Esper’s team in India is pivotal to the company’s growth. Currently, 83 employees work out of India and are responsible for designing and engineering Esper’s core DevOps platform along with tackling the core marketing and sales functions. We plan to increase the employee count to 200 by 2022 as we are looking to expand the Engineering and Sales functions,” added Shiv Sundar, COO and Co-founder at Esper. 

“Customer expectations are higher than ever. When a point of sale terminal in a retailer is out of order, the merchant doesn’t have the time or expertise to fix it. These devices are mission-critical and expected to work flawlessly 24×7. This is especially true for devices directly tied to revenue generation or in verticals like medical devices where life might literally be on the line. We built Esper with the customer’s customer in mind,” Yadhu Gopalan further added.

Esper seems to have positioned itself well in the market with its innovative solutions. I believe the company will continue to reach new heights of success in its journey ahead. My best wishes to the team of Esper.

Shishir Gupta, Founder and CEO, StartupLanes

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