SaaS

DevOps: The next SaaS build from India

Supriya Roy

August 29, 2022 | 8 Min Read

Since 2020, VCs have invested in at least 6 DevOps startups. These startups, which combine the software development and IT operations functions, are looking to service the demand for quick software solutions that are secure, efficient, and reliable. Here’s the lowdown

Two years after his nine-year stint building Ola’s tech backbone ended in September 2019, nobody knew what Ankit Bhati, the company’s co-founder, was up to.

In January 2022, news broke that Sequoia Capital India had decided to lead a funding round in Bhati’s new venture, Amnic, a DevOps startup. The round saw Amnic rake in $15-16 million—a massive amount for a seed stage fundraise.

At Ola, Bhati had created the shared mobility company’s location-based algorithms, which were dispatched in real-time, as operations scaled over the years. He used this understanding to found Amnic, an operating platform for engineering teams to instantly provision and operate a microservices runtime with continuous delivery. Microservices are building blocks for certain cloud-based applications. Bhati told The CapTable that Amnic is currently working with a few select partners behind closed doors.

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