LocalStack funding news – Zurich-based LocalStack Secures $25 Million in Series A Round Funding
Nov 13, 2024 | By Kailee Rainse
LocalStack has raised $25 million in Series A funding, led by Notable Capital, with support from existing investors CRV and Heavybit. The company offers a virtual environment that helps developers build and test cloud applications more easily, without the usual challenges of cloud-based testing.
SUMMARY
- LocalStack has raised $25 million in Series A funding, led by Notable Capital, with support from existing investors CRV and Heavybit.
- LocalStack provides a platform for local cloud development and testing offering advanced emulation of AWS services.
With LocalStack's platform, developers can run a full AWS environment on their laptops, which helps lower cloud costs.
Gerta Sheganaku, co-founder and Co-CEO said, "The centralized nature of cloud computing has created unprecedented complexity and costs for developers, who spend countless hours waiting for cloud-based tests to complete,".
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Waldemar Hummer, co-founder and Co-CEO said, "Our platform fundamentally transforms the developer experience by enabling teams to test locally, cutting deployment times from 28 minutes to 24 seconds while significantly reducing AWS spend. We're putting control back in developers' hands, giving them the flexibility and speed they need to innovate,".
Glenn Solomon, Managing Partner at Notable Capita and new LocalStack board memberl said, "it stands out for its rare combination of bottom-up developer love and clear enterprise value, With over 56,000 GitHub stars, 25,000 Slack users, and 500+ contributors, LocalStack has built a vibrant community alongside its rapidly growing enterprise customer base. While they've established themselves as the de facto standard for AWS local development, their recent preview release for Snowflake showcases their broader vision to revolutionize cloud development across all major platforms. We're thrilled to partner with Gerta, Waldemar and the entire LocalStack team as they transform how developers build for the modern multi-cloud world. "
Funding Utilisation
The funding will help it to expand its presence in the U.S. and continue developing its product. This includes adding features like chaos engineering and testing for app reliability. It will also make it easier for developers to manage AWS accounts and speed up product development.
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About LocalStack
LocalStack provides a platform for local cloud development and testing offering advanced emulation of AWS services. Their goal is to help cloud developers and businesses work more efficiently, cut costs, reduce conflicts, and deliver reliable secure solutions to their customers.