About Rely
Rely is a company based in Lisbon (Portugal) founded in 2020 by Jose Velez and Tiago Marques.. Rely has raised $1.92 million across 1 funding round from investors including Datadog, Techstars and Shilling VC. Rely operates in a competitive market with competitors including Squadcast, ChaosIQ, Temperstack, Oobeya and PFConnect, among others.
- Headquarter Lisbon, Portugal
- Founders Jose Velez, Tiago Marques
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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
$1.92 M (USD)
in 1 rounds
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Latest Funding Round
$1.92 M (USD), Seed
Sep 29, 2022
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Investors
Datadog
& 7 more
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Employee Count
Employee Count
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Funding Insights of Rely
Rely has successfully raised a total of $1.92M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.92 million completed in September 2022. 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 Seed — $1.9M
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First Round
First Round
(29 Sep 2022)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2022 | Amount | Seed - Rely | Valuation | J12 |
| 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 |
Investors in Rely
Rely has secured backing from 8 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Datadog, Techstars and Shilling VC. 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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Startups are accelerated globally without sector restrictions through structured programs.
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Founded Year | Domain | Location | |
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Early-stage venture capital investments are provided by Shilling VC.
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Founded Year | Domain | Location | |
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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 Rely
| 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 - Rely
| 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 |
Rely Comparisons
Competitors of Rely
Rely 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 Squadcast, ChaosIQ, Temperstack, Oobeya and PFConnect, 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 |
Cloud-based SRE incident management software is provided by Squadcast.
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| domain | founded_year | HQ Location |
Open source platform for building chaos engineering experiments is provided.
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| domain | founded_year | HQ Location |
Automates service catalogs and SLI reports for SRE teams to enhance efficiency.
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| domain | founded_year | HQ Location |
Platform for tracking engineering metrics and improving developer productivity.
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| domain | founded_year | HQ Location |
Provides enterprise incident management solutions for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Rely
Frequently Asked Questions about Rely
When was Rely founded?
Rely was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Rely located?
Rely is headquartered in Lisbon, Portugal.
Who is the current CEO of Rely?
Jose Velez is the current CEO of Rely. They have also founded this company.
Is Rely a funded company?
Rely is a funded company, having raised a total of $1.92M across 1 funding round to date. The company's 1st funding round was a Seed of $1.92M, raised on Sep 29, 2022.
What does Rely do?
Provider of a platform offering site reliability engineering solutions. It is a reliability intelligence platform for roadmap prioritization, release planning, SRE decision making, alert fatigue reduction, etc. It also reduces the number of outages and disruptions.
Who are the top competitors of Rely?
Rely's top competitors include Squadcast, ChaosIQ and Temperstack.
Who are Rely's investors?
Rely has 8 investors. Key investors include Datadog, Techstars, Shilling VC, The Angels Marquee, and Scaleway.
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