Progress announced the Q4 2024 release of its award-winning Progress® Telerik® and Progress® Kendo UI® component libraries.
Dagger Launches with $20M Series A Funding Round
March 30, 2022
Dagger announced the public beta of its product in addition to the closing of a $20 million Series A funding round.
Redpoint Ventures led the round with participation from Y Combinator, Nat Friedman (former CEO, Github), Brian Stevens (former CTO, Google Cloud and former CTO, Red Hat), Idit Levine (Founder and CEO, solo.io), Julius Volz (creator of Prometheus), Ellen Pao (former CEO, Reddit), and Daniel Lopez (Co-founder, Bitnami). Erica Brescia of Redpoint will join the board. Following a $3 million pre-seed and a $7 million seed round led by New Wave, this brings the company's total funding raised to $30 million. Dagger will use this new investment to grow its team and continue developing its product with the open source community.
Dagger was founded by Solomon Hykes, Sam Alba and Andrea Luzzardi to bring order to the chaos of software deployment. Dagger empowers developers to quickly and effortlessly build powerful CI/CD pipelines that can run anywhere, giving overworked DevOps teams much-needed time and cost savings, and granting businesses end-to-end visibility and control over their software supply chain.
"With virtually all computing moving to the cloud, software supply chains are growing so large and complex that they have become a significant bottleneck. This puts DevOps engineers - the people responsible for automating the software supply chain - under enormous pressure to keep up," said Solomon Hykes, Co-founder and CEO of Dagger. "These engineers have an abundance of specialized tools at their disposal, but they are forced to waste time gluing them together into artisanal pipelines. What they want is a standardized set of building blocks that they can assemble any way they want, knowing that the result will run reliably on any cloud. Solving this problem is the holy grail of DevOps, and we believe we have solved it."
"It is far too complicated for DevOps teams to manage their infrastructure and deploy software to different clouds, but Dagger has elegantly cracked the code to streamline software supply chain management," said Erica Brescia of Redpoint Ventures. "By making custom app delivery pipelines portable, the Dagger team has changed the game for building and deploying software. The founders' depth of experience in DevOps makes them the perfect team to deliver a better experience to the developers of today and tomorrow ..."
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