Pelion Venture Partners helps entrepreneurs and invests in early-stage B2B software-based companies. Since 1986, Pelion Venture Partners has been helping entrepreneurs turn early-stage concepts into tomorrow's industry-leading companies. Pelion invests in early-stage B2B software across the US. With 7 investment team members, Pelion has deep and diverse industry and investment experience. They are hands-on in their approach and work collaboratively with each portfolio company.

Pelion Venture Partners

LunchBadger

LunchBadger is a Kubernetes-native, all-in-one development and management platform for delivering APIs with microservices and serverless functions. LunchBadger's main offerings are:  1) Express Gateway, an open-source API gateway for microservices built entirely on Express.js. 2) Express Serverless Platform, which consists of Express Gateway, Microservices composition and integration tooling, an integrated development environment to write functions and a Kubernetes runtime. Express Serverless Platform has built-in support for all the popular authentication protocols, plus connectivity to both modern and legacy datasources. Technology: Express Gateway is an open source API Gateway built using Express.js and Express.js Middleware. Available as an NPM module, the Express Gateway features a CLI, a REST API, and a distributed data store. Application configuration for API use cases are centralized in a single YAML or JSON file Express Serverless Platform integrates the following technology around Express Gateway to provide a full-blown microservices and serverless development and management platform: 1) Kubernetes – the  container orchestrator for automating deployment, scaling, and management of containerized applications 2) LoopBack.io – the  enterprise Node.js framework to write microservices and expose APIs 3) Serverless – a framework to abstract writing functions able to run in multiple serverless engines 4) Kubeless – a Kubernetes native serverless engine  Business Model: LunchBadger offers Express Gateway as an open-source project. The Express Serverless Platform comes with annual subscription plans based on the number of gateways deployed in production, number of serverless functions,  number of users and number of environments.

Express Serverless (formerly known as Lunchbadger) offers an open source serverless platform to build microservices called “Express Serverless Platform.” The microservices can be exposed as application programming interfaces (APIs), and made consumable by other apps or clients. In essence, LB attempts to improve visibility, management, and monetizing of APIs.

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

Serverless Computing

Express Serverless

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

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 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. 
 
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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

Express Serverless

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