announcements•April 20th, 2021
Partnering With Playground Global, Our New Series A Investor
I’m excited to share that we’ve closed a $15.25M Series A financing! Playground Global led the round and existing investors Foundation Capital, Array Ventures, Bay VC, and Kevin Mahaffey participated. I’m grateful and extremely humbled that we’ve continued to find amazing investors who believe in our vision and want to support the company and culture we’re building at Era Software.
It’s been about 15 months since we closed our Seed Round and during that period of time we navigated a global pandemic, grew from 2 to 20 employees, and signed our first six-figure production contract. It’s been an exhilarating, challenging, and immensely rewarding experience that reminds me daily that building a company is never an easy or straightforward journey. I want to thank each and every employee at Era Software for taking this journey with us. Having great investors and patient capital enables us to do a lot, but we would never succeed without all the amazing people we get to work with every single day.
I want to thank our entire deal team — Victoria Sun, Sasha Ostojic, and Peter Barrett — as well as all of the other fantastic people at Playground Global for welcoming us as part of their incredible, inspiring, and world-changing family.
It was clear to me during our first meeting with them that they grasped the massive implications of the data infrastructure we are building and I viscerally knew that they understood what it would take to build and ship truly transformational technology. This makes sense, after all — their investments in quantum computing, rockets, and robotics paint the picture of a firm that isn’t afraid to make bets on companies solving hard problems.
It’s just the beginning of a long journey together, but I can already tell that we’ve chosen a remarkable partner.
Today, we’re also opening up a private beta of our EraSearch Cloud. In case you missed the announcement earlier this year, EraSearch is our new product focused on enterprise log management and we’re now making it available as a fully-managed service. If you’re currently struggling with the cost and complexity of other log management products, head on over to EraSearch Cloud and help us learn a little bit more about your use case.
We’ve got a ton of other great things coming out later this year, so stay tuned. Also, feel free to get in touch through our website if you want to learn more!