About Propelo
Propelo is a company based in Sunnyvale (United States) founded in 2019 was acquired by Harness in January 2023.. Propelo has raised $12 million across 1 funding round from investors including Harness, Decibel and Fathom Capital. Propelo operates in a competitive market with competitors including LogRocket, IvyCheck, OpenContext and Qualyto, among others.
- Headquarter Sunnyvale, United States
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Funding Insights of Propelo
Propelo has successfully raised a total of $12M through 1 strategic funding round. The most recent funding activity was a Series A round of $12 million completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $12.0M
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First Round
First Round
(04 Nov 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2021 | Amount | Series A - Propelo | Valuation | Decibel |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Propelo
Propelo has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Harness, Decibel and Fathom Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Decibel is focused on investing in technical software startups.
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US focused seed and early-stage VC firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Propelo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Propelo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Propelo Comparisons
Competitors of Propelo
Propelo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as LogRocket, IvyCheck, OpenContext and Qualyto, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
User sessions are recorded and replayed to identify bugs.
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| domain | founded_year | HQ Location |
Enterprise data is managed via AI-driven platforms and models.
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| domain | founded_year | HQ Location |
A cloud-based platform for analyzing applications.
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| domain | founded_year | HQ Location |
Offers quality analytics software for business insights.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Propelo
Frequently Asked Questions about Propelo
When was Propelo founded?
Propelo was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Propelo located?
Propelo is headquartered in Sunnyvale, United States. It is registered at Sunnyvale, California, United States.
Is Propelo a funded company?
Propelo is a funded company, having raised a total of $12M across 1 funding round to date. The company's 1st funding round was a Series A of $12M, raised on Nov 04, 2021.
What does Propelo do?
Founded in 2019 and based in Sunnyvale, United States, Propelo operates in the DevOps sector. Cloud and AI technologies are utilized to deliver real-time engineering metrics, supporting improvements in team performance across sprints. Key areas addressed include development velocity, code quality, shift-left security practices, and data hygiene. Data from various DevOps toolchains is correlated to facilitate secure transmission throughout development lifecycles.
Who are the top competitors of Propelo?
Propelo's top competitors include LogRocket, IvyCheck and OpenContext.
Who are Propelo's investors?
Propelo has 5 investors. Key investors include Harness, Decibel, Fathom Capital, Eniac Ventures, and Fike Ventures.
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