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100X.VC Team
Written by various collaborators within Team 100X.VC
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Apr 15, 2022
Topic

Introduction 

Cloud finds its next-generation in serverless services which provides full application functionality. Serverless architecture represents a new paradigm. With it, companies can overcome the typical obstacles which are prone to be cost and effort heavy during IT transformations and daily operations. It also enables companies to shift their IT spending from a capex to an opex model for the entire duration of application development, reducing overall expenses by around 60%. 

While serverless and microservice architectures offer a host of benefits such as resiliency, scalability and better productivity, it also comes with inherent complexities with respect to the architecture, lack of end-to-end control, limited tools for monitoring and debugging and overall, an uncertainty that revolves around the costs incurred for the said services. 

The biggest challenge one faces while building a serverless application, is understanding its end-to-end behaviour, ensuring application health, performance, and cost-effectiveness. With the growing number of businesses depending on this cloud model, it is imperative to solve the above mentioned challenges. And for this, Kloudmate plans to rebuild the perfect solution. 

Founded by Amitava, Bidyut and Pranab, Kloudmate is a cloud observability platform for millions of Developers building applications on serverless infrastructure. The platform detects performance bottlenecks in distributed applications, identifies errors, and boosts developer productivity by reducing the mean time-to-resolve issues, helping businesses shrink operating costs, increase customer satisfaction and grow revenues.

At present, the team has on boarded developers across 40 companies worldwide, and are soon on the way to touch 200. Amitava’s experience as a full stack developer, combined with Bidyut’s experience in sales and Pranab with marketing, the team seems to have the perfect strengths to make Kloudmate work. 

Market Opportunity

The current global observability market size is estimated to be valued at $18 billion, with a CAGR of 25%.

22% of the global cloud architecture is serverless and Kloumate, at present, is focussed on developers building on AWS Serverless Services, which is about 80% of the Serverless market today.

100X.VC Thesis

The Serverless Market is growing rapidly as more and more enterprises choose it for production grade applications. KloudMate is building a first-in-class Observability tool for the Serverless ecosystem. The team has the experience and background to build for and sell to enterprises. 100X believes this is a mature team and market creates the opportunity for KloudMate to be India’s first DevOps Unicorn.

Conclusion 

With the team and the product, KloudMate can prove to be an excellent platform for developers building and deploying applications on serverless architecture. We wish the team all the very best!

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