Komodor announced that it has completed a $ 42 million capital raising

Komodor, a company that locates and repairs faults in the Cobrentis development environment, announced that it has completed a $ 42 million capital raising, led by Tiger Global. The Felicz Ventures fund and the company's existing investors - Excel, NFX and Pitango - also took part in the round. The new round brings the total capital raised by the company since its inception two years ago to $ 67 million.
Cobrentis is a popular work environment used in the development of software for managing micro-services (micro-services) - small components of code that are each responsible for a particular function, all packaged together into an application. To illustrate, the Wise navigation app works as one complete product, but behind it are hundreds of different components (micro-services) that are responsible for different functions - one is responsible for the times, the other for the display, the third for the announcer's voice and so on. Working with micro-services accelerates the development capabilities of programmers, as each component stands on its own and does not affect the other, so components can be accessed and repaired or added quickly. This is different from opening and disabling one long code that is responsible for the entire application.
Cobrentis is the operating system that manages the micro-services. It helps to run the components together, determines with what resources (memory, processor) they will be loaded, who will have access to them, which components can talk to each other and more. Cobrentis has become a standard in the field in recent years, but it is also very complex. "A large organization can have hundreds of glitches a day in Cobrentis, and it's very difficult to understand why they happen," says Ben Ofiri, CEO and founder of Commodore. Faults can be anywhere. It could be an incorrect code or an incorrect configuration. "
Commodore has developed a system that connects to customers' cobrentis, and monitors work with it in real time to detect unhealthy components, detect faults, and perform automated analysis to find the source of the fault and suggest how to deal with it. Among the company's customers: Intel, Yotpo, Monday, Rockout, Veronis and Lugaz.
Ofiri founded the company in 2020 together with Itiel Schwartz, who serves as its VP of technology. Its offices are located in Tel Aviv and it currently employs 40 people, all in Israel.
The recruitment round ended about a month and a half ago. "Putin has already entered Ukraine and the declines in the markets have begun," says Ofiri. "We saw that the funds' attention went first and foremost to their portfolio companies. We heard from friends who stopped answering their phones and cut the valuations, or withdrew the pre-sailing (investment document, RL), but our commercial conditions did not worsen and the recruitment was completed successfully. ".