Namespace Raises $42M Series B After 8x Revenue Growth

Startups16 days ago

The infrastructure services used by SpaceX and ElevenLabs to manage software development have secured an infusion of new capital. Namespace raised $42M in a Series B round led by Scale VP, with NEA and 20VC also participating, bringing the developer platform's total funding to $65M. Total revenue for the company grew 8x over the last 12 months as it attracted more than 1,000 customers, including Ramp and Vanta. The proceeds will fund the expansion of data centers, product development, and new hires.

Founded by Hugo Santos, a former Google Principal Engineer who worked on Search and YouTube, Namespace provides a cloud platform to handle high volumes of software commits. The startup claims its infrastructure is faster and more reliable than rivals, listing Cloudflare and Modal as engineering peers. Santos left Google in 2021 to launch the company after witnessing infrastructure bottlenecks at Netflix and Snap.

Mapped to your portfolio

Possible scenarios

40%Enterprise Security Standard+0.2%
25%Platform Partnership Path+0.1%
20%Incumbent Feature Race+0.1%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

Looking for more context or analysis?

Tilt chat provides reliable, tailored insights, alerts, and automations.

Namespace Raises $42M Series B After 8x Revenue Growth

In this story

Namespace Scale Venture Partners New Enterprise Associates 20VC Hugo Santos

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Mapped to your portfolio

Possible scenarios

40%Enterprise Security Standard+0.2%
25%Platform Partnership Path+0.1%
20%Incumbent Feature Race+0.1%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.