Gremlin is a company.
Gremlin has raised $28.0M across 3 funding rounds.
Key people at Gremlin.
Gremlin has raised $28.0M in total across 3 funding rounds.
# Gremlin: High-Level Overview
Gremlin is a SaaS platform that helps engineering teams proactively manage software reliability through Chaos Engineering.[1][3] The company's mission is to help build a more reliable internet and empower every business to build more reliable software by transforming failure into resilience.[1][2] Gremlin serves engineering teams and enterprises across industries—particularly finance, retail, and technology—where system uptime directly impacts revenue. The platform enables teams to safely experiment on complex systems, identify vulnerabilities before they affect customers, and validate disaster recovery capabilities.[3] With approximately 75 employees and $15.4 million in annual revenue, Gremlin has achieved rapid adoption among enterprise cloud engineering teams, crossing $10 million in annualized recurring revenue by 2021 and anticipating 100% growth in 2022.[2][4] Key customers include GrubHub, JPMorgan Chase, Target, Twilio, Walmart, and Under Armour.[2]
# Origin Story
Gremlin pioneered the commercialization of Chaos Engineering, a technology approach inspired by practices at Netflix and Amazon.[4] The company was founded by Kolton Andrus, who now serves as CTO after the appointment of Josh Leslie as CEO.[4] Gremlin launched as the world's first hosted Chaos Engineering service, establishing itself as the category leader.[2] The company has raised $52 million in funding from investors including Amplify Partners, Index Ventures, and Redpoint Ventures.[4] Since its inception, Gremlin has evolved from a pure Chaos Engineering tool to a comprehensive Reliability Management Platform, expanding its offerings to include pre-built reliability tests, automatic service discovery, and intelligent health monitoring.[3]
# Core Differentiators
# Role in the Broader Tech Landscape
Gremlin operates at the intersection of two critical trends: the increasing complexity of distributed systems and the rising cost of downtime in digital-first businesses. As organizations migrate to cloud-native architectures and adopt microservices, system reliability has become exponentially more difficult to achieve and validate. Gremlin addresses this by democratizing Chaos Engineering—a practice previously limited to hyperscalers like Netflix and Amazon—making it accessible to enterprises of all sizes.[4]
The timing is particularly significant given the emergence of AI-driven systems, where uptime and trust are becoming competitive differentiators.[3] The broader reliability management market is projected to exceed $4 billion by 2032, positioning Gremlin in a high-growth sector.[1] By shifting reliability from a reactive (incident response) to proactive (pre-incident testing) discipline, Gremlin influences how the entire industry approaches system resilience and helps establish reliability as a core engineering practice rather than an afterthought.
# Quick Take & Future Outlook
Gremlin is well-positioned to capture significant market share in the expanding reliability management space. The company's evolution from a specialized Chaos Engineering tool to a comprehensive platform reflects market maturation and customer demand for integrated solutions. As AI systems become more prevalent and system complexity continues to increase, the need for proactive reliability validation will only intensify.
The key question for Gremlin's future is whether it can maintain its technical leadership while scaling to serve the broader enterprise market. The appointment of experienced CEO Josh Leslie suggests the company is preparing for this transition. With strong investor backing, proven enterprise traction, and a market tailwind from digital transformation initiatives, Gremlin appears positioned to become the standard reliability platform for cloud-native enterprises—much as observability platforms have become essential infrastructure for modern engineering teams.
Gremlin has raised $28.0M in total across 3 funding rounds.
Gremlin's investors include Amplify Partners, Bain Capital Ventures, Felicis Ventures, Highland Capital Partners, Khosla Ventures, Menlo Ventures, Theory Ventures, XStarPartners, 2xN, Bono, Founder Collective, Garden City Companies.
Key people at Gremlin.
Gremlin has raised $28.0M across 3 funding rounds. Most recently, it raised $18.0M Series B in September 2018.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2018 | $18.0M Series B | Amplify Partners, Bain Capital Ventures, Felicis Ventures, Highland Capital Partners, Khosla Ventures, Menlo Ventures, Theory Ventures, XStarPartners | |
| Dec 1, 2017 | $9.0M Series A | 2xN, Amplify Partners, Bain Capital Ventures, Bono, Felicis Ventures, Founder Collective, Garden City Companies, Hanabi Capital, Highland Capital Partners, Khosla Ventures, M13, Menlo Ventures, Obvious Ventures, Theory Ventures, True Ventures, XStarPartners, Yes VC, Biz Stone, Bryan Meehan, Evan Williams, Jared Leto, Mike Krieger, Tony Hawk | |
| Jan 1, 2016 | $1.0M Seed | Amplify Partners, Bain Capital Ventures, Felicis Ventures, Highland Capital Partners, Khosla Ventures, Menlo Ventures, Theory Ventures, XStarPartners |
