Stacklet

Overview

Stacklet is a company specializing in cloud governance and optimization technologies, aimed at improving efficiencies and manageability for large enterprises deploying policies as code at scale. Based in Arlington, Virginia, Stacklet was co-founded by the creators of the Cloud Custodian open-source project. The company's mission is to simplify cloud operations through automated governance tools that ensure security, compliance, and operational efficiency. As of 2024, Stacklet has raised $36.5 million in funding.

Recent Developments

Stacklet has experienced significant growth and developments over the past few years:

June 2024: Stacklet completed a $14.5 million Series B funding round led by SineWave Venture LLC, with key investments from Strait Capital, Capital One Ventures, and others. This funding aims to enhance their cloud governance-as-code platform (Source: SiliconANGLE).
Early 2024: New analytics features were introduced, enhancing policy health monitoring and real-time inventory and change management logs for cloud assets. This strategic move coincided with a threefold increase in revenue over the past year (Source: TechCrunch).
January 2024: Stacklet was included in the New York FinTech Innovation Lab’s new cohort for its innovative solutions targeting cloud security and governance. This involvement underscores Stacklet's expanding influence within the financial services industry (Source: LinkedIn).
2023: Stacklet’s revenue tripled, driven by heightened demand for effective cloud governance solutions amidst a wave of technological layoffs, emphasizing the importance of cost control and governance in cloud operations (Source: TechCrunch).

Attribute	Information
Founding Date	2020
Headquarters	Arlington, Virginia, United States
Founders	Original developers of Cloud Custodian
Revenue	Tripled in 2023
Profits	Not disclosed
Key Investors	SineWave Venture, Strait Capital, Capital One Ventures, others
Industry	Cloud Governance
Number of Employees	Information not available

Early History

Stacklet began its journey leveraging the open-source Cloud Custodian project. Launched by its co-founders who were formerly associated with Capital One, Stacklet emerged from stealth mode in August 2020 with an $18 million Series A funding round led by Addition, a venture capital firm. The company focused on creating a platform that builds upon Cloud Custodian, aiming to offer a comprehensive governance tool for enterprises moving to cloud-based operations. Emphasizing the policy-as-code model, Stacklet quickly gained traction due to its ability to provide operational efficiency and enhanced security controls in the cloud environment.

Company Profile and Achievements

Stacklet operates primarily in the cloud governance sector, offering a commercial platform that helps organizations automate and optimize their security, operational, and cost policies. Their platform, based on Cloud Custodian, enables users to manage cloud resources through a standardized policy-as-code approach:

Policy as Code: This foundational concept allows enterprises to encode governance policies in a way that can be automatically tested and enforced, reducing manual intervention and potential errors.
Enhanced Features: Stacklet has integrated various features to boost the platform’s usability, including analytics for policy health monitoring and real-time asset inventory.
Open Source Leadership: Continues to maintain and expand the Cloud Custodian community, ensuring a robust platform with active global contributions.
Expansion: Significant growth in clientele across various industries, including financial services, as evidenced by its participation in the New York FinTech Innovation Lab.

Current Operations and Market Position

Currently, Stacklet leads as a pivotal player in the cloud governance industry. The company's platform offers essential tools for organizations looking to streamline and secure their cloud operations. Its competitive edge lies in:

Automation and Efficiency: Providing automated solutions that enhance security and compliance in cloud environments without sacrificing development speed.
Innovative Solutions: Introduction of new analytics tools in 2024 that offer organizations deeper insights into their operations and governance practices.
Strategic Partnerships: Its alignment with major cloud solution providers, such as AWS and Microsoft Azure, strengthens its market reach and technological prowess.
Growing Influence: Continues to expand its presence in the financial sector, signifying potential further diversification in its client base.