Press Club

Local Startup Streamlining Cloud-Based Services Scores $4 Million in Investment

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Arlington startup Stacklet, started by a pair of locals who met while working Capital One, has raised $4 million in seed investment.

Stacklet helps administrators manage various aspects of their cloud network systems, like security, cost optimization, and regulatory compliance. It’s a service that could become increasingly vital as more businesses consider making pandemic-era work-from-home policies permanent.

The funding came from investor Lee Fixel’s fund Addition and Silicon Valley-based venture capital firm Foundation Capital, according to a press release.

Rather than addressing various cloud accounts individually, Stacklet allows users to manage thousands of accounts. The service also offers analytics on to show things like the trends and anomalies in cloud usage.

The project is built around Cloud Custodian, an open-source project created by Kapil Thangavelu — Stacklet’s Chief Technology Officer — and used by companies like Amazon, Microsoft and Capital One, the company said in a press release. Thangavelu created Cloud Custodian while at Tysons-based Capital One.

“Organizations struggle with how to balance their productivity desires with governance requirements,” CEO Travis Stanfield said in a statement. “Striking the right governance posture and keeping that posture up with the intense pace of innovation requires community, open source and crowdsourcing. Stacklet empowers organizations to automate cloud governance via advanced product features with commercial support. This results in self-service to cloud technologies which are properly aligned with an organization’s governance posture.”

In announcing its funding round earlier this month, Stacklet said the startup was emerging from stealth mode — an early period of developing a service before revealing it to the public.

In public filings, the company’s address is listed as a post office box in Clarendon.

Photo via Stacklet

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