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{"id":33656,"date":"2023-05-31T22:03:26","date_gmt":"2023-05-31T22:03:26","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/05\/31\/cortex-raises-35m-series-b-for-its-internal-developer-portal\/"},"modified":"2023-05-31T22:03:27","modified_gmt":"2023-05-31T22:03:27","slug":"cortex-raises-35m-series-b-for-its-internal-developer-portal","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/05\/31\/cortex-raises-35m-series-b-for-its-internal-developer-portal\/","title":{"rendered":"Cortex raises $35M Series B for its internal developer portal"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/05\/31\/cortex-raises-35m-series-b-for-its-internal-developer-portal\/<\/a><\/br>
\nCortex raises $35M Series B for its internal developer portal<\/br>
\n2023-05-31 22:03:26<\/br><\/p>\n

\n

Cortex<\/a>, a startup building an internal developer portal<\/a> that helps engineering teams build better software at scale, today announced a $35 million Series B funding round led by IVP. Craft Ventures, along with existing investors Sequoia Capital, Tiger Global and Y Combinator, also participated in this round, which brings the company\u2019s total funding to just under $53 million.<\/p>\n

The service started as a tool for helping developers wrangle their microservices architectures. That remained Cortex\u2019s main marketing message when it raised its Series A round, but since then, it has widened its focus to this new emphasis on its role as an internal developer portal. That\u2019s clearly working for the company, which saw its revenue grow 400% year-over-year. Among Cortex\u2019s new customers are the likes of TripAdvisor, Docker, Grammarly, Unity and SoFi.<\/p>\n

\u201cA lot of that stems from the observations and the conversations we\u2019ve had with customers and prospects over the past year,\u201d Cortex co-founder and CEO Anish Dhar said. \u201cI think one of the core things that we\u2019ve started to see is that once a company has around 80 to 100 engineers, things start living in people\u2019s heads. That\u2019s when the spreadsheets that track all of the services are being created. But then, once the company grows, it almost gets exponentially worse.\u201d As these companies grow, not having better visibility into their engineering organization also increasingly becomes a liability. When you don\u2019t know who owns a service \u2014 or a service doesn\u2019t have an owner anymore after an employee left \u2014 critical vulnerabilities can go unpatched for a long time.<\/p>\n

At its core, Cortex always had a catalog of all the services that a company ran and with that, it gathered a lot of valuable data. \u201cOnce we\u2019re deployed inside of a company, you start seeing really strong engagement from not only the developers but then other practitioners like SRE and security teams who are constantly running these initiatives to remediate, improve and build that culture of service reliability and ownership.\u201d<\/p>\n

\"\"<\/a><\/p>\n

Image Credits:<\/strong> Cortex<\/p>\n<\/div>\n

In its product, Cortex provides users with services and resources catalogs, as well as with scorecards to see how well they are performing against benchmarks for production readiness and development quality, hubs for every team to help them understand who owns what and improve collaboration, as well as, most recently, a new scaffolding service that allows teams to standardize their service architecture and set up repeatable processes for spinning up new ones.<\/p>\n

Cortex co-founder and CTO Ganesh Datta also noted that, increasingly, engineering leaders are pushing their developers to care more about the quality of their code and following standards. \u201cThat\u2019s where we took a step back and said: We have all this stuff in the catalog, but how do we take that and help you go on this journey to get to a place where now developers are thinking about this stuff on their own?\u201d<\/p>\n

That\u2019s also what the team plans to focus on now. With all of this visibility into ownership and services, the team has already built out more tools to allow developers to take action right from the portal, starting with the scaffolding service. The focus now is to expand on this and help developers manage more of their ecosystem from within the developer portal.<\/p>\n

\u201cI think what you have [in Cortex] is a really opinionated perspective on how people should eventually arrive at a well-done Internal Developer Portal,\u201d said Cack Wilhelm, general partner at IVP and now a Cortex board member. \u201cI don\u2019t think it\u2019s enough to attack scorecards or scaffolding or incident management or engineering, metrics and productivity. I think what you\u2019re really looking at here is a culture change within an organization and you can\u2019t just piecemeal that. What we loved about Anish and Ganesh is their vision \u2014 having a really comprehensive, opinionated stance on how an organization might go about doing that and then the ability \u2014 through product \u2014 to get a company to that sort of Nirvana state.\u201d<\/p>\n<\/p><\/div>\n

<\/br><\/br><\/br><\/p>\n

Science, Tech, Technology<\/br>
\n<\/br>
\nSource:
https:\/\/techcrunch.com\/2023\/05\/31\/cortex-raises-35m-series-b-for-its-internal-developer-portal\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/05\/31\/cortex-raises-35m-series-b-for-its-internal-developer-portal\/ Cortex raises $35M Series B for its internal developer portal 2023-05-31 22:03:26 Cortex, a startup building an internal developer portal that helps engineering teams build better software at scale, today announced a $35 million Series B funding round led by IVP. Craft Ventures, along with existing investors Sequoia Capital, Tiger Global and Y Combinator, […]<\/p>\n","protected":false},"author":1,"featured_media":33657,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-33656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\nCortex raises $35M Series B for its internal developer portal - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/05\/31\/cortex-raises-35m-series-b-for-its-internal-developer-portal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cortex raises $35M Series B for its internal developer portal - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2023\/05\/31\/cortex-raises-35m-series-b-for-its-internal-developer-portal\/ Cortex raises $35M Series B for its internal developer portal 2023-05-31 22:03:26 Cortex, a startup building an internal developer portal that helps engineering teams build better software at scale, today announced a $35 million Series B funding round led by IVP. 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