Backing technical and repeat founders across Europe & US.

Tapestry VC

Liquid2 Ventures provides technology startups with seed-stage investments and is based in San Francisco, California. The firm was founded in 2015 by Joe Montana, Mike Miller, and Michael Ma.

Liquid 2 Ventures

A founder-centric early-stage fund investing in enterprise data opportunities.

Octave

Next47 is a $1.2 billion independent, global venture firm backed by Siemens AG. We specialize in enterprise-focused businesses, make fast decisions and share deep conviction with the teams we invest in. We have the resources and the motivation to unleash maximum potential in every startup we work with. We leverage our own global footprint as well as the Siemens ecosystem that spans a broad set of industries across hundreds of countries and regions worldwide.

Next47

Alven Capital is an early-stage venture capital firm with over $500 million under management. Alven backs primarily ambitious French and French-related entrepreneurs in the digital technology space. Alven’s sectors of interest include notably AI, data management platforms, Saas, security solutions, as well as disruptive consumer models with a particular focus on marketplaces and web brands.

Alven

Uncorrelated Ventures invests in early-stage infrastructure software companies. The firm was founded in 2019 by Salil Deshpande and is headquartered in San Francisco, California, United States.

Uncorrelated Ventures

Grafbase

Grafbase is a developer platform that provides tools for accelerating backend software development. Grafbase was founded in 2021 and is located at San Francisco, California.

<div>Grafbase is a Swedish data platform that enables developers to serverlessly deploy GraphQL backends. Users can create a local GraphQL endpoint from their own terminals (such as Next.js, Remix and Nuxt), with a complete backend that includes integrated application programming interfaces (APIs) and databases. The company operates across the EU and the US with a team of remote developers. As of October 2022, the company claimed that the platform had been used for “hundreds of projects” such as mobile, e-commerce, and Jamstack backends, since it was launched in August of that same year. </div>

The innovative cost dynamics of serverless computing allow more customers onto the cloud without breaking the bank.

Serverless Computing

Grafbase Revolutionizes GraphQL Development with Federated Graphs and Advanced Features

<div>
 
 Grafbase is a Swedish data platform that enables developers to serverlessly deploy GraphQL backends. Users can create a local GraphQL endpoint from their own terminals (such as Next.js, Remix and Nuxt), with a complete backend that includes integrated application programming interfaces (APIs) and databases. The company operates across the EU and the US with a team of remote developers. As of October 2022, the company claimed that the platform had been used for “hundreds of projects” such as mobile, e-commerce, and Jamstack backends, since it was launched in August of that same year. 
 
 
 
 
 Funding and financials
 
 
 
 In October 2022, Grafbase 
 <a href="https://sp-edge.com/updates/14028">
 raised USD 5 million
 </a>
 in seed funding, led by Next47, to accelerate its product development and double its employee base.
 
</div>

SLAppForge offers support for companies developing serverless apps on Amazon Web Services and Google Cloud through its Integrated Development Environment (IDE) “Sigma.” Sigma is the first completely browser-based IDE and offers a drag-and-drop framework for intuitive coding. The platform was also the first IDE to offer live debugging of Lambda functions, and also provides support for live debugging on NodeJS and Python functions. Sri Lanka-based SLAppForge incorporated its US entity and brought on CEO Wallace Wilhoite (former IT Manager at the Centers for Disease Control and Prevention) in January 2020.

SLAppForge

Altostra offers a development platform that allows developers to create serverless apps with or without the use of coding, and deploy it through any cloud/serverless vendor. The company provides a visual workspace for app developers to make the process intuitive, and also offers a cross-platform command line tool.

Altostra

<div>
 
 Triggermesh’s platform allows users to create serverless apps that integrate multiple cloud, data center, and on-premise software and environments, on top of Kubernetes. Through these integrations, the platform aims to break “silos” between enterprise customers and their software development and IT operations (DevOps) teams. The cloud and infrastructure integration development speed is reportedly enhanced by reusing connectors and customizable templates. 
 
 
 In March 2022, the platform announced broad support for KNative (an open-source platform to build and deploy serverless workloads) which includes any conformant Knative deployment, along with the provision of Knative distribution. TriggerMesh also announced broad support for creating event-driven architecture that runs on Kubernetes in Google Cloud, to enable users to create integrations to sync data or drive event-driven workloads. 
 Triggermesh went on to launch a service to enable enterprises using Kubeless migrate to Knative in May 2022.
 
 
 Funding and financials 
 
 
 The company raised USD 5 million in seed funding in July 2021, from Cisco, to invest in expanding its go-to-market strategy. Along with the funding, Triggermesh also noted that it would collaborate with Cisco to deliver improved enterprise automation solutions and cloud-native integrations, leveraging Cisco’s vast enterprise and cloud footprint. 
 
</div>

Triggermesh

Iron.io offers multiple tools to assist development operations (DevOps) to focus on core tasks, without managing infrastructure. The company entered the serverless computing market in 2016, with the launch of IronFunctions, effectively an open-source platform that can be used by developers and uses containers as the base. It allows users to launch serverless applications and functions on private and public clouds, on-premise servers, and hybrid environments. IronFunctions can be written in a variety of programming languages including Ruby, PHP, Python, Java, Node.js, Go, and .NET. However, the company currently only provides helper libraries and integration with Amazon Web Services (AWS) Lambda.The company has expanded its operations since 2017 by adding an office in Tokyo, expanding its engineering and customer success teams, and continuing to improve the company’s products (bug fixes, improvements to internal tooling, and adding concurrency graphs, etc.). Iron.io looks to continue ramping up the development of its products by improving performance and reliability and developing a new user interface.Iron.io also continues to invest in new cutting-edge technologies such as “Computerless,” which eliminates the physical machine altogether and allows for it to be fully encapsulated in fiber optic cable.Key customers and partnershipsIts key customers include Google, Harry’s, Philips, Whole Foods, Veritone, and Counsyl.

Iron.io

Elotl offers the “Elotl Milpa” serverless platform to deploy Kubernetes (container orchestration system) apps on the cloud (mainly AWS, Google Cloud, Azure cloud, and Oracle cloud). It allows users to run their Kubernetes workloads in a cost effective manner (around 60%-80% cost savings relative to traditional offerings), avoiding vendor lock-in, Its offering also includes multi-tenancy security.Key customers and partnershipsAs of January 2022, its customers included Robinhood, Ronin, and Symphony, among others.In the year leading to November 2021, deployments through Elotl expanded 5x YoY, and the company became a founding member of the “Mobile Native Foundation” (a space for developers to collaborate on open source projects and discuss topics).

Elotl

This includes all serverless software which does not fall into the other categories but are related to the serverless market (e.g serverless based database providers).

Software and services that monitor, optimize, and enable integrations to improve performance.

Businesses and organizations helping programmers transition to serverless platforms by reducing client dependency on vendor-specific offerings.

Businesses that fill in knowledge gaps between clients and serverless vendors for developing and running complex apps and programs.

Vendor platforms such as AWS Lambda and Azure Functions used by clients to run their program. Effectively the infrastructure for serverless computing.

Serverless database providers offer infrastructure for running Gen AI models

<div>
 Grafbase, a Swedish serverless database solution, has secured USD 5 million in seed funding in a round led by Next47. Other participants in the funding round include <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3687058-1&amp;h=1710536188&amp;u=https%3A%2F%2Falven.co%2F&amp;a=Alven"> Alven </a> , <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3687058-1&amp;h=2706768686&amp;u=https%3A%2F%2Funcorrelated.com%2F&amp;a=Uncorrelated+Ventures"> Uncorrelated Ventures </a>, and a host of angel investors. This investment raises Grafbase’s total funding to USD 7.3 million.&nbsp;
 With this funding, Grafbase plans to expedite its product development and plans on doubling its workforce. 
 Grafbase is a data platform that allows developers to seamlessly deploy GraphQL backends. Users can establish a local GraphQL endpoint from their terminals like Next.js, Remix, and Nuxt, including comprehensive backend with integrated APIs and databases. Although the company operates in the EU and US with a team of remote developers, it claims that since its launch in August 2022, its platform has been utilized for “numerous projects” ranging from mobile, e-commerce to Jamstack backends.&nbsp; 
</div>

Grafbase

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