# Gremlin

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gremlin

- Industry: Software
- Headquarters: San Jose, US
- Website: www.gremlin.com
- Total disclosed funding: $52M
- Latest round: Series B (May 14, 2020)
- Investors on record: 4

## About

Gremlin Inc. provides innovative reliability management solutions, empowering organizations to enhance their IT systems' resilience through chaos engineering and reliability testing tools.Founded in 2016 and headquartered in San Jose, US, Gremlin Inc. specializes in reliability management for software and IT environments. The company's founder, Kolton Andrus, has previously founded other ventures. Gremlin raised USD 25 mn in its Series B funding round on May 14, 2020, with Greenspring Associates as the investor. The total amount raised by the company stands at USD 25 mn, with a current valuation of USD 222.74 mn.Gremlin specializes in providing a comprehensive suite of reliability management solutions tailored for modern software and IT environments. Their core offerings include tools for reliability testing and chaos engineering, which allow organizations to proactively identify and mitigate potential reliability risks within their systems. By injecting failures and simulating chaos, Gremlin enables companies to test the robustness of their applications and serverless functions, ensuring resilience against unexpected disruptions. This approach is designed to enhance service reliability, maintain cloud compliance, and eliminate downtime that could impact revenue. The company primarily serves engineering teams across various sectors, including technology, finance, and retail, with a global customer base that spans markets in North America, Europe, and Asia.Gremlin's revenue model is predominantly based on subscription services, which provide clients with access to their reliability management platform. The company offers a tiered pricing structure that allows organizations to select plans based on their operational needs and scale. This structure includes options for individual users and enterprise-level solutions, catering to businesses of varying sizes. By encouraging clients to adopt their tools, Gremlin positions itself as a critical partner in preventing costly outages and enhancing operational resilience. The company's flagship products focus on automating reliability testing, providing insights through dashboards, and simplifying the fault injection process.Gremlin plans to utilize the USD 25 mn raised in its most recent funding round to expand its product offerings and enhance its platform capabilities. This includes the design and launch of new tools aimed at improving reliability management. The company is also targeting expansion into additional markets in North America, Europe, and Asia by the end of 2021, aiming to broaden its customer base and enhance service delivery.

## Funding rounds

- Series B, May 14, 2020, $25M — Greenspring Associates
- Series B, Aug 31, 2018, $18M — Redpoint Ventures, Amplify Partners
- Series A, Dec 14, 2017, $7.5M — Index Ventures, Amplify Partners
- Seed, Jan 25, 2016, $1.3M — Amplify Partners

## Investors

- Amplify Partners (https://capitalatlas.ai/funds/amplify-partners) — Seed, Series A, Series B
- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series A
- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Series B
- Greenspring Associates (https://capitalatlas.ai/funds/greenspring-associates) — Series B