Serverless architecture is a rapidly growing solution for companies looking to build and run applications and services in the public cloud, without the need for the software team to manage the underlying infrastructure.
Betting big on serverless architecture, London-based observability-as-code platform Baselime has raised £1.5 million in funding to develop the tools that companies need to confidently adopt ‘serverless’ technology. The round was led by Forward Partners, Octopus Ventures and Antler and includes funding from Baselime’s participation in Sequoia Arc.
The startup will use the funds to invest in innovative product development, reducing the time taken to resolve incidents for customers, and fuel adoption across the developer ecosystem.
Boris Tame, co-founder of Baselime said: “Serverless adoption is growing rapidly and bringing huge output gains for developers. However, it has traditionally come at a trade off in monitoring and observability, forcing teams to redirect resources to solving system issues. Our mission is to be the go-to partner for developers, empowering teams to spend less time debugging and more time building. We’re delighted to work with our new investors to achieve this.”
Luke Smith, partner at Forward Partners, added: “The global market for serverless architecture was valued at $7.3 billion in 2020 and is predicted to grow at a CAGR of 21.7% from 2021 to 2028. Baselime is leading the innovation charge in this huge and fast-growing industry. We’re obsessed with identifying technology that has the potential to transform digital products and internet applications – we’re excited to back a company that is innovating in this emerging space and solving problems facing developers globally.”