Kurtosis, a crypto-focused developer tool system, has raised $20M in Series A funding, led by Coatue and with participation from Coinbase Ventures, Crosstimbers Ventures, and the Chainsmokers’ Mantis VC, as well as angel investor Olivier Pomel, CEO and founder of Datadog, among others.
In addition to the Series A funding, the company has appointed former Cypress.io Director of Developer Experience, Amir Rustamzadeh as founding Head of Product.
“I’ve seen first-hand how some of the largest enterprises build software,” shares Rustamzadeh.
He continues, “The most difficult and consistent pain point I’ve witnessed has been the setup of development and testing environments. This is one reason our vision for Kurtosis makes it essential for any organization trying to confidently ship non-trivial software at scale.”
The announcement comes one year after raising $2.5M in Seed round in August 2021.
How will the funding be used?
The company will use the funds to build a highly technical product organisation backed by strong engineers and developers.
Kurtosis is also planning to expand its base in the web3 space while starting to work with clients and developers building microservice-based distributed systems.
Crypto-focused developer tool
Kurtosis was founded in 2020 by former Palantir engineering leads Galen Marchetti and Kevin Today to simplify advanced end-to-end testing and development workflows with a modular and portable environment architecture for developers.
Users can write advanced tests with dynamic networks and reliably reproduce environments locally for prototyping and debugging workflows. It currently provides services for the Ethereum, Avalanche, and NEAR ecosystems.
“Distributed systems are hard to develop today, and many of the problems come from managing the many different types of environments that teams need across the development cycle,” explains Galen Marchetti, CEO, and co-founder.
He says, “As engineers, we spend a lot of time on repetitive work configuring and manipulating environments for development and testing. We wanted to build a tool that lets developers focus on technical innovation instead. This is our mission at Kurtosis – to build a tool that enables engineers to build distributed systems with the same ease as building single-server applications”.
“While we started with customers and use cases in the web3 space, our product is built to orchestrate and manipulate environments for any distributed system”, said Kevin Today, CTO and co-founder. “There’s so much potential in changing how teams interact with powerful, lower-level tooling like Kubernetes – we’re excited to show the industry what a different development experience can look like.”
“Since leading Kurtosis’ seed investment, we’ve been impressed with their traction in the web3 space”, Oana Olteanu, a partner at Signalfire, said. “They’re solving a critical problem for developers building complex systems, and we’re excited to see Kurtosis evolve into a core solution for environment management infrastructure across the industry.”