Firefly Raises $23 Million in Series A

Firefly Raises $23 Million in Series A

Firefly, a Tel Aviv, Israel-based startup that provides cloud asset management with its infrastructure as code solution, raised $23 million in Series A funding.

The round was led by Vertex, with participation from Hanaco, SoftBank, InMotion Ventures, and Redseed.

The company will use the funding to expand its capabilities and market presence.

Founded in 2021, Firefly specializes in cloud asset management, leveraging infrastructure as code solutions to help organizations manage and optimize their cloud environments. Its platform uses AI to scan and manage assets across major cloud providers, including Google Cloud, Microsoft Azure, and Amazon Web Services. The company serves a growing number of customers, including some of the largest Fortune 500 companies.

Funding Details

Company: Firefly

Raised: $23.0M

Round: Series A

Funding Month: May 2024

Lead Investors: Vertex

Additional Investors: Hanaco, SoftBank, InMotion Ventures, Redseed

Company Website: https://www.firefly.ai/

Software Category: Cloud Asset Management