Country for PR: United States
Contributor: PR Newswire New York
Wednesday, January 20 2021 - 00:00
AsiaNet
Quali Raises $54 Million in New Funding to Help Enterprise DevOps Streamline Infrastructure Complexity
AUSTIN, Texas, Jan. 19, 2021 /PRNewswire-AsiaNet/ --

-- Greenfield Partners and JVP co-lead new round after record sales of 
CloudShell Platform to Global 2000 and innovators around the world

Quali ( 
https://c212.net/c/link/?t=0&l=en&o=3039215-1&h=1423198459&u=https%3A%2F%2Fwww.quali.com%2F&a=Quali 
), the Infrastructure Automation at Scale(TM) company, today announced $54 
million in new funding, co-led by Greenfield Partners ( 
https://c212.net/c/link/?t=0&l=en&o=3039215-1&h=2254955831&u=http%3A%2F%2Fwww.greenfieldlp.com%2F&a=Greenfield+Partners 
) and JVP ( 
https://c212.net/c/link/?t=0&l=en&o=3039215-1&h=587781957&u=http%3A%2F%2Fwww.jvpvc.com%2F&a=JVP 
). The company will use the funds to further expand its stellar customer base, 
enable new partnerships, strengthen its market leadership position, accelerate 
CloudShell innovation, and grow the Quali team.

Quali's CloudShell platform simplifies cloud infrastructure, making it 
accessible and secure for application development and deployment, accelerating 
digital transformation. Quali's mission is to unlock business value encumbered 
by technology operations, and to unleash the time and talent of technology 
teams so they are free to build the future -- to develop, test, and deploy with 
simple self-service at any time, on any cloud, or even on-prem.  

Despite COVID-19, Quali has experienced a record year, with significant growth, 
serving customers such as Cisco, Microsoft, Dell, Verizon, multiple banks, and 
cloud service providers. Quali investors see the immense potential in bringing 
automation to the masses. In addition to the continued support from Kreos 
Capital, this round also welcomes a fund managed by Hamilton Lane as a new 
investor.

While traditional Infrastructure as Code (IaC) players have focused on catering 
to a relatively small set of experts, Quali's technology simplifies the user 
experience -- effectively making cloud infrastructure, and its complexity, 
invisible to the application teams who need it. 

"Development teams are burdened by the time and complexity of setting up and 
operating cloud infrastructure. Quali empowers developers to develop, testers 
to test, planners to plan, and ops to operate by offering safe and productive 
access to hybrid cloud infrastructure," said Quali CEO, Lior Koriat. "Since 
Quali's most recent funding in 2018, the company experienced rapid growth in 
sales, platform innovation, and expanded its own workforce globally."

"Quali has proven its position as a market leader in the DevOps and 
Infrastructure Automation category, servicing tier-1 customers across multiple 
segments," said Erel Margalit, Founder and Chairman at JVP. "This is one of our 
most fascinating companies, and we are happy to join forces with Shay Grinfeld, 
Managing Partner at Greenfield Partners, and Boaz Dinte, Managing Partner at 
Qumra Capital, who helped build leading companies in this category such as 
JFrog, BigPanda, and others. Alongside Yoav Tzruya, Quali's Chairperson, and 
the vast experience of JVP in building international companies such as CyberArk 
and QlikTech, we are confident that together with Lior and Quali's great team 
both in Israel and the US, the company will become the next big thing."

Quali's new Board Member, Shay Grinfeld, Managing Partner at Greenfield 
Partners, said, "Our investment thesis was built around Quali's unique ability 
to streamline cloud and infrastructure complexity for application and 
technology teams with the growing adoption of DevOps methodology and CI/CD 
procedures. We are impressed with their recent growth and are excited about the 
opportunity to build an exceptional business."

"With the growing adoption of DevOps and CI/CD best practices, beyond early 
adopters, challenges related to scaling such practices are becoming more 
prevalent—removing operational, process and knowledge bottlenecks, reducing 
costs, assuring governance and unifying infrastructure. This is where Quali 
shines", stated Yoav Tzruya, General Partner at JVP and chairperson of Quali, 
"While Atlassian and JFrog solve needs around process management and 
streamlining dev-to-prod, Quali focuses on abstracting away and automating 
infrastructure, and enabling the CRO to focus on sales, instead of the 
complexities of demos and POCs, the developers to develop instead of spending 
resources on IT and cloud provisioning, and operations to offer best in class 
customer experience instead of worrying about costs and governance."

"What attracts me to Quali is their ability to bring essential automation 
technology directly to the masses (developers) without requiring deep 
expertise," said Boaz Dinte, a board member of Quali and JFrog. "It's the same 
thing that impressed me as an early investor at JFrog and I could not be more 
excited about Quali's future."

"Quali's automation framework further enhances our ability to build tomorrow's 
future today, allowing Verizon to deliver amazing new technology to our 
customers at the speed of DevOps," said John Musa, Manager at Verizon Wireless.

New Customers: Category-leading companies in consumer electronics, telco, 
banking, technology, media, and more rely on Quali to deliver more 
productivity, faster time to market, and reduced business risks.

New innovation: In addition to 1-click infrastructure setup, Quali's CloudShell 
Platform features the industry's only "no-click" auto-decommissioning of cloud 
environments as well as its unique auto-tagging capabilities, both of which are 
essential for cloud cost visibility and cloud cost control. 

New employee growth: With aggressive hiring goals in every functional area, 
Quali will nearly double its employment, filling multiple new positions at its 
new offices in Austin and Tel Aviv and across the US, Europe, and Asia. 

More information on open positions can be found at 
https://www.quali.com/about-us/careers/.

About Quali
Headquartered in Austin, Texas, Quali provides the leading platform for 
Infrastructure Automation at Scale. Global 2000 enterprises and innovators 
everywhere rely on Quali's award-winning CloudShell platform to create 
self-service, on-demand automation solutions that increase engineering 
productivity, cut cloud costs, and optimize infrastructure utilization. For 
more information, please visit https://www.quali.com/ and follow Quali on 
Twitter ( 
https://c212.net/c/link/?t=0&l=en&o=3039215-1&h=4196231430&u=https%3A%2F%2Ftwitter.com%2FQualiSystems&a=Twitter 
) and LinkedIn ( 
https://c212.net/c/link/?t=0&l=en&o=3039215-1&h=733891617&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fqualisystems%2F&a=LinkedIn 
).

About Greenfield Partners
Greenfield Partners is an Israel-based investment firm focused on early growth 
stage technology and tech-enabled businesses. With a dual presence in Tel Aviv 
and New York, the Greenfield team fuses investment and operating experience, 
deep local Israeli roots, and an expansive global network to support 
entrepreneurs in their quest to build thriving technology companies. 
Greenfield's roots date back to 2016, when it was established by TPG Growth as 
an investment platform for early growth technology investments in Israel. An 
independent fund since 2020, its culture remains grounded in this heritage, 
bringing the rigor and depth of private equity to early growth investing. The 
Greenfield team continues to serve as Senior Advisors to TPG Growth, and in 
this context seeks opportunities for collaboration on selected large-check, 
growth stage investments in Israel. Its portfolio includes such companies as 
Avanan, BigPanda, Guardicore, and Vast Data. More information about Greenfield 
Partners is available at www.greenfieldlp.com. 

About (JVP)
Jerusalem Venture Partners (JVP) ( 
https://c212.net/c/link/?t=0&l=en&o=3039215-1&h=1119779346&u=https%3A%2F%2Fwww.jvpvc.com%2F&a=Jerusalem+Venture+Partners+(JVP 
), founded and led by Dr. Erel Margalit, is an internationally renowned venture 
capital fund. JVP has raised $1.4 billion to date across nine funds, and has 
been listed numerous times by Preqin, and other rankings, as one of the top-ten 
consistently performing VC firms worldwide. JVP has built over 150 companies, 
leveraging a broad network of partners and market expertise to help companies 
become global market leaders. JVP was recently chosen by New York City and EDC 
to lead the cyber security cyber hub in NYC. Among the pioneering firms of the 
Israeli venture capital industry, JVP has been instrumental in building some of 
the largest companies out of Israel, facilitating 12 Initial Public Offerings 
on NASDAQ, including CyberArk Software, QLIK Technologies, and Cogent 
Communications among others. https://www.jvpvc.com/

SOURCE Quali

CONTACT: tony@thestarrconspiracy.com