Overview

Gremlin assists companies, particularly in financial services, in enhancing the reliability and resilience of their software systems through chaos engineering. This method involves simulating failures to identify weaknesses and improve system performance. Gremlin operates on a subscription model, providing a platform for continuous testing and validation, and has also launched a certification program to educate professionals in chaos engineering. The company's goal is to help clients build more reliable software, thereby improving customer satisfaction and reducing financial risks.

Simplify's Take

What believers are saying

• Growing demand for chaos engineering tools in the financial sector boosts Gremlin's market.
• Partnerships with cloud providers like AWS expand Gremlin's market reach.
• Increased interest in automated reliability testing solutions enhances Gremlin's service appeal.

What critics are saying

• New CEO Josh Leslie may lead to strategic shifts disrupting operations.
• Dependency on AWS integration could impact Gremlin if AWS services face issues.
• Over-reliance on automated 'Detected Risks' feature may overlook nuanced issues.

What makes Gremlin unique

• Gremlin specializes in chaos engineering for financial services, enhancing system resilience.
• The company offers a unique Failure as a Service platform for simulating outages.
• Gremlin's Enterprise Chaos Engineering Certification program builds a community of reliability experts.

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Funding

Total Funding

$26.8M

Below

Industry Average

Funded Over

3 Rounds

$18,000,000

Series B

Sep 2018

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Below Average

Industry standards

Ind Avg. $35M

$4M

$18M

$30M

$45M

$65M

$100M

View all funding stages