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Cortex Announces $15M in Series A Funding to Help Engineering Teams Drive Microservices Best Practices

Nov 23, 2021

Cortex has been adopted across the entire team at multiple unicorn engineering organizations SAN FRANCISCO, November 22, 2021-- Cortex today announced $15 million in Series A funding co-led by Tiger Global and Sequoia Capital. The funding round also boasts an impressive list of technology investors, founders, and business leaders participating, including prominent Silicon Valley angel, Gokul Rajaram; co-founder and CEO of Front, Mathilde Collin; and CEO of Snyk, Peter McKay. Cortex’s service catalog is the first system of record for engineering, enabling development of higher-quality software. It helps engineering leaders drive adoption of microservices best practices and gives them visibility into and control over all services. The company has experienced 10X customer growth since its launch in May 2021 and has been fully deployed across several unicorn engineering organizations including Rappi, Grammarly, and 8x8. Software engineering teams today struggle to operate at scale. As companies grow, architectures become more complex and teams retract into silos. Tracking service quality and driving adoption of best practices using spreadsheets quickly becomes untenable. The cracks in the system manifest themselves as outages, missed deadlines, security incidents, and developer turnover. “Today engineering leaders are under tremendous pressure to deliver innovative, reliable, and secure software,” said Cortex board member and Sequoia partner Bogomil Balkansky. “Cortex’s service catalog is the industry’s first system of record for engineering which gives engineering leaders the visibility and control they need to enable high performing teams and allows individual engineers to adopt best practices and be more productive without the hassle.” “As Salesforce did for sales, Marketo did for marketing and ServiceNow did for IT, Cortex now does for Engineering,” said John Curtius, Partner at Tiger Global. “Cortex helps teams set best practices and guidelines for development, making it easy for engineering, SRE, security, and Devops to work together to create higher quality services. Cortex orchestrates a culture change where engineering organizations become proactive in their approach to software quality and are resilient to the inevitable and constant changes that come with building software.” Critical capabilities in the Cortex Platform include: • (New!) Service Creation allows developers to scaffold new services in five minutes based on templates defined by the organization, ensuring services meet development standards and are properly catalogued from day one. • (New!) Cortex Teams helps create high-performing engineering cultures by driving collective ownership of services, accelerating developer onboarding, and improving cross-team collaboration. • The Cortex Service Catalog is easily integrated with engineering teams’ architectures and tools, making it simple for them to organize critical information about their services and understand their dependencies. • Scorecards allow teams to define standards for their services, measuring things like production readiness and development maturity, allowing engineering leaders to understand areas of risk in their services and prioritize initiatives accordingly. “Cortex has completely transformed the way we manage our microservices and make decisions as an organization. With Cortex’s service catalog, we are no longer dependent on manually pulling data into spreadsheets and tribal knowledge to understand the status of our services,” said Rafael Garcia, CTO of Clever. “Scorecards have given our SRE team and engineering leaders visibility into areas of risk and helped us drive organizational consensus on what initiatives to prioritize. The result has been improved reliability of our product and the ability to ship software with confidence more quickly.” “We founded Cortex after experiencing the pain first-hand in large, complex software environments. Our mission is to make it easy for engineering teams to handle the scale of their service architecture, so they can focus on building great products,” said Anish Dhar, co-founder and CEO of Cortex and former engineer at Uber. “I have been humbled by the rapid customer momentum and transformational impact Cortex has had on the engineering culture and service quality of our customers. I am eager to continue working to bring the benefits of Cortex to more engineering organizations globally.” Cortex’s Series A is co-led by Tiger Global and Sequoia Capital, and includes investments from: • Gokul Rajaram, Angel Investor • Peter McKay, CEO, Snyk • Shawn Burke, Cortex champion and Senior Principal Software Engineer, SoFi • Gaetan Castelein, VP of Marketing, Tecton • Cailen D'Sa, VP of Sales, RevenueCat • Russ D'Sa, Entrepreneur • Rafael Garcia, Cortex champion and CTO and Co-founder, Clever • Dheeraj Khanna, Head of SRE, Coupang • Sriram Krishnan, Angel Investor • Alexandr Wang, CEO and founder, Scale.ai About Cortex The Cortex platform provides a System of Record for Engineering, designed to give engineers and SREs comprehensive microservices visibility and control. Cortex provides a single-pane-of-glass for visualization of service ownership, documentation and performance history, replacing “tribal knowledge” and spreadsheets. This gives engineering and SRE teams the visibility and control they need over their services, even as teams shift, people move, platforms change and microservices continue to grow. Cortex is a YCombinator Company backed by Sequoia Capital and Tiger Global. For more information, visit www.cortex.io or see us on Twitter at @GetCortexApp. Contact:

Peter McKay Investments

5 Investments

Peter McKay has made 5 investments. Their latest investment was in Cortex as part of their Series A on November 11, 2021.

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Peter McKay Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/18/2021

Series A

Cortex

$15M

Yes

4

6/25/2021

Seed VC

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$99M

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10

3/6/2018

Seed VC - II

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$99M

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10

7/19/2016

Series B

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$99M

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10

3/24/2015

Series A

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$99M

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10

Date

11/18/2021

6/25/2021

3/6/2018

7/19/2016

3/24/2015

Round

Series A

Seed VC

Seed VC - II

Series B

Series A

Company

Cortex

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Amount

$15M

$99M

$99M

$99M

$99M

New?

Yes

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Subscribe to see more

Subscribe to see more

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Co-Investors

Sources

4

10

10

10

10

Peter McKay Portfolio Exits

1 Portfolio Exit

Peter McKay has 1 portfolio exit. Their latest portfolio exit was Skycure on July 11, 2017.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/11/2017

Acquired

$991

5

Date

7/11/2017

Exit

Acquired

Companies

Valuation

$991

Acquirer

Sources

5

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