About Release
Release is a company based in San Francisco (United States) founded in 2019 by David Giffin, Tommy McClung, and Erik Landerholm. It operates as a PaaS (Platform-as-a-Service). Release has raised $22.85 million across 3 funding rounds from investors including CRV, Sequoia Capital and Y Combinator. Release offers products and services including Ephemeral Environments Platform. Release operates in a competitive market with competitors including Odoo, Kony, OutSystems, Replit and Xamarin, among others.
- Headquarter San Francisco, United States
- Founders David Giffin, Tommy McClung, Erik Landerholm
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$22.85 M (USD)
in 3 rounds
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Latest Funding Round
$20 M (USD), Series A
Oct 05, 2021
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Investors
CRV
& 7 more
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Employee Count
Employee Count
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Products & Services of Release
Release offers a comprehensive portfolio of products and services, including Ephemeral Environments Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for creating temporary development environments efficiently.
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Leadership Team
2 people
Sales and Marketing
2 people
Software Development Team
1 people
Co Team
1 people
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Funding Insights of Release
Release has successfully raised a total of $22.85M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $20 million completed in October 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 3
- Last Round Series A — $20.0M
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First Round
First Round
(01 Jun 2020)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2021 | Amount | Series A - Release | Valuation | CRV | |
| Apr, 2021 | Amount | Seed - Release | Valuation | Sequoia Capital | |
| Jun, 2020 | Amount | Seed - Release | Valuation | Y Combinator |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Investors in Release
Release has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include CRV, Sequoia Capital and Y Combinator. 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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CRV is recognized as a venture capital firm investing in technology startups.
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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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 Release
| 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 - Release
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Release Comparisons
Competitors of Release
Release 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 Odoo, Kony, OutSystems, Replit and Xamarin, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Open-source business management software is developed with integrated modules.
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| domain | founded_year | HQ Location |
Cloud-based platform for field operations and digital banking is provided.
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| domain | founded_year | HQ Location |
Low-code platform enables application development and deployment without coding.
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| domain | founded_year | HQ Location |
AI powered application development platform
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| domain | founded_year | HQ Location |
Cross-platform application development tools are provided by Xamarin.
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| domain | founded_year | HQ Location |
Cloud based integrated application development platform
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| Company Name | Domain | Founded year | HQ Location | Description |
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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 Release
Frequently Asked Questions about Release
When was Release founded?
Release was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Release located?
Release is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Release?
Tommy McClung is the current CEO of Release. They have also founded this company.
Is Release a funded company?
Release is a funded company, having raised a total of $22.85M across 3 funding rounds to date. The company's 1st funding round was a Seed of $150K, raised on Jun 01, 2020.
What does Release do?
Ephemeral development environments are facilitated through a dedicated platform by Release. Solutions for temporary testing and development setups are offered, primarily targeting software developers and tech companies. The focus is placed on streamlining workflows in technology sectors.
Who are the top competitors of Release?
Release's top competitors include DigitalOcean, Odoo and OutSystems.
What products or services does Release offer?
Release offers Ephemeral Environments Platform.
Who are Release's investors?
Release has 8 investors. Key investors include CRV, Sequoia Capital, Y Combinator, BowX Acquisition Corp, and Artisanal Ventures.
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