Former Nutanix execs launch new startup with $50M seed round

15 Jul, 2021

Former Nutanix execs launch new startup with $50M seed round
Photo by Omid Armin on Unsplash

– DevRev, a software company from two former Nutanix executives, emerged from stealth with a $50m seed round from Mayfield Fund, Khosla Ventures and several industry luminaries.
– The company aims to bring the coding and revenue processes closer together.
– It’s not every day you see a $50m seed round, but perhaps the fact that former Nutanix co-founder and CEO Dheeraj Pandey and his former SVP of engineering Manoj Agarwal are involved, could help explain the investor enthusiasm for the new project.
– The company intends to build an API to help developers pull this information from existing systems for companies already working with a CRM tool like Salesforce, while helping gather that customer information for younger companies who might lack a tool.

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