IT Process Automation Platform, Pliant Attains Third-Party Funding from Multiple Sources
Investments, led by Gutbrain Ventures, will help Pliant meet DevSecOps demand for low-code automation and support future business development
Pliant, the leader in IT Process Automation, has secured additional funding for the company led by Gutbrain Ventures with participation from Azure Capital Partners, and BrightCap Ventures. The amount of the investment was undisclosed and follows the initial round of seed funding announced May 2019 for $2.5M, led by former SevOne founder and CTO, Vess Bakalov and backed by Newfund Capital, New Stack Ventures, and Leading Edge.
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Pliant receives additional round of funding from several new and existing VC’s.
In addition, Bob Davoli, Managing Director at Gutbrain Ventures, will join Pliant’s board of directors starting immediately. “Our investment in Pliant aligns with the direction of many Fortune 1000 companies who need to accelerate their journey to IT automation,” said Bob Davoli. “The intuitive drag-and-drop UI provided by Pliant fundamentally changes how organizations acquire and manipulate data and devices in both their on-prem and cloud-based infrastructures.”
A part of the funding will be used to support the company’s continued innovation and development of its low-code/no-code automation platform. Pliant also plans to invest in accelerating its go-to-market strategy, including onboarding more marketing and sales support.
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In addition to Gutbrain Ventures, Azure Capital Partners, a venture capital firm specializing in early-stage and growth capital investments, will contribute funding to Pliant. “As companies continue to innovate, IT automation is a central and mandatory strategy, we see Pliant’s differentiating approach essential to accelerating digital initiatives,” said Paul Weinstein, General Partner at Azure Capital Partners.
“We are privileged to be working under the tutelage of such forward-thinking investors, who not only validate the inherent and immediate need for Pliant’s IT automation solutions,” said Vess Bakalov, Pliant CEO, “but who also suggest that the secure automation platform power provided by Pliant is unlike anything the industry has experienced before.”
The Pliant platform enables DevSecOps teams along with non-technical citizen developers, to securely automate processes with unprecedented speed and ease. Using the UI along, developers can drag and drop low-code “action blocks,” to build automation across more than 70 different technology vendors. Currently, Pliant offers more than 100,000 APIs that have been rendered into efficient, easy-to-use blocks and include all of the necessary debug code and documentation required to quickly produce cross-domain automation.
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