Esper gets $60 million in funding led by Insight Partners : Tech News

Android DevOps platform Esper has raised $60 million in Series C funding led by Insight Partners, along with participation from existing investors including Scale Venture Partners, Madrona Ventures and Roots Ventures.

The investment brings the total capital raised by the Bengaluru and Seattle-based company to $100 million, with the Series C round coming a little over four months after the company
closed a $30 million round led by Scale Venture Partners.

Esper will utilise the capital to grow its presence and win more enterprise customers. It also plans to more than double its employee count to 200 by 2022 to boost its engineering and sales functions in order to drive growth.

“India witnessed unprecedented digital transformation since the pandemic, which makes it a unique market with the potential to adopt DevOps across every industry. Android DevOps has the potential to transform Indian businesses through their journey towards agility, increase operational efficiency and control costs,” said Yadhu Gopalan, cofounder and CEO at Esper.

Esper’s platform enables enterprises to remotely manage and update edge devices and custom apps, targeting devices such as tablets used in travel, restaurant and warehousing industries. It’s platform also can service medical devices, fitness equipment and kiosks in stores where devices have today become a critical part of enabling a customer’s journey.

“Customer expectations are higher than ever. When a point of sale terminal in a retailer is out of order, the merchant doesn’t have the time or expertise to fix it. These devices are mission critical and expected to work flawlessly 24/7,” added Gopalan.

The startup claims that its revenues for 2021 have grown by 4X the previous year, driven by verticals such as fast food, healthcare, connected fitness, retail and digital signage industries. It today has over 200 paying customers and over 2,000 developers using its platform for product development.

“For years now we’ve seen these massive projections about IOT devices of all kinds. But on the ground, enterprises and SMBs are struggling with the reality that large-scale deployments of devices are hard and expensive when you go it alone,” said Philine Huizing, Vice President at Insight Partners. “Esper has emerged as the only platform that provides modern DevOps capabilities in a package purpose built for intelligent edge devices.”