# VFunction

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

- Industry: Software
- Headquarters: Menlo Park, US
- Website: www.vfunction.com
- Total disclosed funding: $37M
- Latest round: Series A (Feb 22, 2022)
- Investors on record: 7

## About

VFunction, Inc. is a US-based company specializing in architectural observability platforms, enabling organizations to modernize and migrate legacy applications within cloud environments effectively.Founded in 2017 and headquartered in Menlo Park, US, VFunction, Inc. focuses on transforming legacy applications into cloud-native systems. The company was co-founded by Amir Rapson and Moti Rafalin, the latter currently serving as CEO. VFunction has secured a total of USD 25.00 mn through its Series A funding round, with notable investors including Engineering Capital, Hewlett Packard Enterprise Development LP, Primera Capital, Shasta Ventures, and Zeev Ventures. The most recent funding took place on May 5, 2022, marking a significant milestone in its business operations.vFunction specializes in providing an architectural observability platform designed for the modernization and migration of legacy applications, particularly in cloud environments. The platform offers tools that automate the refactoring and re-architecting of existing software systems, reducing complexity, modularizing code, and extracting microservices. The company addresses the challenges of architectural technical debt (ATD) that arise from architectural drift and poor software development decisions. Its solutions target various sectors, including financial services, technology, and e-commerce, with key clients such as Intesa Sanpaolo and Trend Micro utilizing vFunction’s technologies to enhance their cloud migration and optimize application architectures. The company primarily serves markets across North America, Europe, and parts of Asia, where the demand for cloud-native services continues to grow.vFunction generates revenue primarily through subscription-based pricing models for its architectural observability platform and associated services. Organizations engage in contracts providing access to the platform’s features, which include tools for application modernization and governance. Revenue is structured around these subscriptions, with clients paying periodic fees based on their specific needs and the scale of operations. The pricing plans are tiered according to client size, architectural complexity, and the level of required support, catering to both small enterprises and large corporations. Key products, particularly the architectural observability tools, are central to these transactions as clients aim to eliminate architectural debt and enhance their software delivery processes through automation.VFunction is strategically focused on expanding its product offerings and market reach. The company plans to introduce new features to its architectural observability platform aimed at further simplifying the migration of legacy applications, with specific product launch dates yet to be announced. Additionally, VFunction is targeting expansion into new geographic regions, particularly in Asia and Europe, in the upcoming year to capitalize on the increasing demand for cloud migration solutions. The recent funding of USD 25.00 mn from the Series A round will support these initiatives, allowing for further development of the platform and broader market penetration.

## Funding rounds

- Series A, Feb 22, 2022 — Wipro Ventures
- Series A, Sep 21, 2021, $25M — Shasta Ventures, Primera Capital, Engineering Capital, Zeev Ventures, Hewlett Packard Enterprise Development LP
- Seed, Jan 29, 2021, $12M — Shasta Ventures, Khosla Ventures, Engineering Capital, Zeev Ventures

## Investors

- Shasta Ventures (https://capitalatlas.ai/funds/shasta-ventures) — Seed, Series A
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Seed
- Engineering Capital (https://capitalatlas.ai/funds/engineering-capital) — Seed, Series A
- Zeev Ventures (https://capitalatlas.ai/funds/zeev-ventures) — Seed, Series A
- Primera Capital (https://capitalatlas.ai/funds/primera-capital) — Series A
- Hewlett Packard Enterprise Development LP — Series A
- Wipro Ventures (https://capitalatlas.ai/funds/wipro-ventures) — Series A