# Squadcast

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.squadcast.com
- Total disclosed funding: $1.6M
- Latest round: Seed (Nov 21, 2018)
- Investors on record: 3

## About

Squadcast, Inc. is a US-based developer of incident management solutions designed to optimize IT and engineering teams’ response efforts, enhancing operational efficiency through automation and collaboration.Squadcast, Inc. is established in 2017 in San Francisco, US, focusing on providing incident response solutions. Founded by Amiya Adwitiya, the company has completed 4 deals with the most recent funding round in August 2023 led by DNX Ventures, raising USD 6.00 mn in total. The company was recently acquired by Descript, Inc.Squadcast offers a robust suite of incident management solutions aimed at IT, DevOps, and engineering teams. Their primary product is an intelligent incident response platform that unifies on-call management, alerting, and analytics to facilitate rapid incident resolution and collaboration. Features include customizable status pages and a postmortem knowledge base, catering to clients across diverse industries in North America, Europe, and the Asia-Pacific region.Squadcast functions on a subscription-based model, with plans starting at USD 160 per month for a team of ten users. This pricing strategy allows clients to consolidate tools, enhancing cost efficiency. The company reports significant savings for clients, with median metrics reflecting reductions in alert volume and time savings, supported by partnerships following its acquisition by SolarWinds, which boosts its financial potential.Following the acquisition by Descript, Inc. on August 15, 2023, Squadcast plans to leverage the recent funding of USD 6.00 mn to develop new product features and expand its presence in global markets. The emphasis will be on enhancing their incident management capabilities and entering new geographic areas, although specific regions and product release dates have not been disclosed.

## Funding rounds

- Seed, Nov 21, 2018, $1.6M — IDG Capital, Chiratae Ventures, Nexus Venture Partners

## Investors

- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Seed
- Chiratae Ventures (https://capitalatlas.ai/funds/chiratae-ventures) — Seed
- Nexus Venture Partners (https://capitalatlas.ai/funds/nexus-venture-partners) — Seed