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§ Private Profile · Arlington, VA, USA
Stacklet is a technology company.
Stacklet is a cloud governance platform that helps organizations save up to 50% on their cloud bills while reducing risks and ensuring compliance. It offers AI-native governance as code, built by the creators of Cloud Custodian.
Stacklet has raised $37.0M across 3 funding rounds.
Stacklet has raised $37.0M in total across 3 funding rounds.
Stacklet has raised $37.0M across 3 funding rounds. Most recently, it raised $15.0M Series B in June 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2024 | $15M Series B | SineWave Ventures | AllegisCyber Capital, BMW I Ventures, Cyberstarts VC, Earlybird Venture Capital, Fika Ventures, Foundation Capital, Gadi Porat, Madrona Venture Group, Plug & Play Ventures, Rabbit Ventures, Uncorrelated Ventures, SAM Kassoumeh | Announced |
| Jan 1, 2021 | $18M Series A | Addition | 1984 Ventures, ALT Capital, Fika Ventures, Foundation Capital, LGF, Madrona Venture Group, Saga, SNR, Vouch Insurance, Aaron Levie, Gokul Rajaram, Immad Akhund, Jason Gardner, Louis Beryl, Marc Benioff, MAX Mullen, Oleg Rogynskyy, SAM Altman, Scott Belsky | Announced |
| Aug 1, 2020 | $4M Seed | Addition, Foundation Capital | 1984 Ventures, ALT Capital, Fika Ventures, LGF, Madrona Venture Group, Saga, SNR, Vouch Insurance, Aaron Levie, Gokul Rajaram, Immad Akhund, Jason Gardner, Louis Beryl, Marc Benioff, MAX Mullen, Oleg Rogynskyy, SAM Altman, Scott Belsky | Announced |
Stacklet is a cloud governance platform that enables enterprises to manage security, operations, visibility, and cost optimization across multi-cloud environments using a policy-as-code model.[1][2][4] Built on the open-source Cloud Custodian project—which Stacklet created and maintains—the platform offers tools like real-time asset databases (AssetDB), AI-driven assistants (Jun0), pre-built policy packs, and automated workflows to cut cloud costs by up to 50%, reduce reporting time by 80%, and enforce compliance.[2][3][4] It serves large cloud consumers, including Global 2000 companies, by providing broad resource coverage for AWS, Azure, Google Cloud, and Tencent Cloud, with integrations like Slack, Jira, and ServiceNow to drive engineer action and prevent waste or risks.[2][4]
Stacklet demonstrates strong growth momentum through recent advancements, such as AI capabilities that accelerate savings and policy deployment 6x faster, management of over $4B in cloud spend, and a Series B investment from SineWave, positioning it as an enterprise evolution of its open-source roots.[1][4][5]
Stacklet was founded in 2020 by Travis Stanfield and Kapil Thangavelu, who met nearly a decade earlier at Capital One.[1][3][5] There, Kapil created the CNCF’s Cloud Custodian open-source project to enforce policies for cost optimization, security, and compliance while enabling developer use of cloud services.[3][5] The duo, along with their core team from Cloud Custodian, launched Stacklet to commercialize and expand this vision into a full governance-as-code platform amid accelerating cloud adoption during the global pandemic.[3][6]
Early traction came from addressing Capital One's cloud modernization needs, evolving into an enterprise solution with hosted operations, pre-built policies, and shift-left preventative controls.[5][7] Pivotal moments include the Stacklet Platform launch, introducing AssetDB and Policy Packs for unified automation and visibility.[6]
Stacklet rides the explosive growth of multi-cloud adoption, where enterprises face escalating spend (projected to exceed $1T globally), security breaches from misconfigurations, and compliance demands amid AI-driven cloud complexity.[1][4] Its timing aligns perfectly with FinOps maturity and "governance as code" paradigms, shifting from reactive tools to proactive, developer-embedded controls that prevent issues at build-time—critical as remote work and AI workloads amplify cloud risks.[3][6][7]
Market forces like hyperscaler expansions (AWS, Azure, GCP) and regulatory pressures favor Stacklet’s holistic approach, which unifies siloed FinOps, security, and ops teams while leveraging open source for innovation.[2][5] It influences the ecosystem by maintaining Cloud Custodian (CNCF project), enabling thousands of organizations to scale secure clouds and setting standards for AI-assisted governance.[2][4]
Stacklet is poised to dominate cloud governance as AI and multi-cloud sprawl intensify, with expansions in agentic AI (via Jun0), broader policy packs, and hosted services driving deeper enterprise penetration.[1][2] Trends like zero-trust security, sustainable computing, and regulatory AI governance will amplify demand for its preventative model, potentially tripling managed spend beyond $4B while attracting more VC and partnerships.[4][5]
Its open-core influence will evolve developer tools toward autonomous clouds, solidifying Stacklet as the go-to for waste elimination and risk mitigation—unlocking cloud potential without compromise, just as its founders envisioned from Capital One's modernization journey.[3][6]
Stacklet has raised $37.0M in total across 3 funding rounds.
Stacklet's investors include SineWave Ventures, AllegisCyber Capital, BMW i Ventures, Cyberstarts VC, Earlybird Venture Capital, Fika Ventures, Foundation Capital, Gadi Porat, Madrona Ventures, Plug & Play Ventures, Rabbit Ventures, Uncorrelated Ventures.