Prequel Secures $3.3M Seed Investment Led by Work-Bench
Deal News | Dec 16, 2024 | Work-Bench Management LLC
Work-Bench Management LLC announced its lead in a $3.3 million seed funding round for Prequel, a startup co-founded by Lyndon Brown and Tony Meehan. The investment also saw participation from Runtime Ventures, Operator Partners, and several distinguished technology executives. Prequel, focusing on software reliability for DevOps and SRE teams, was founded on the premise of solving existing limitations in software management, like expertise bottlenecks and alert overload. Their platform offers out-of-the-box problem detection using a curated library of best practices inspired by the security industry. Powered by eBPF and edge-based architecture, Prequel minimizes code modifications and aims to provide deeper, actionable insights into software behaviors. The team possesses a remarkable background in cybersecurity and high-availability cloud applications, aspiring to become critical for modern software development processes. Work-Bench praises Prequel's customer-centric approach and eagerly anticipates its impact on the industry.
Sectors
- Software Development
- Venture Capital
- Cloud Computing
Geography
- United States – Prequel is a U.S.-based company with roots in Washington, DC, and Tulsa, Oklahoma, relevant to the article's context.
Industry
- Software Development – The article discusses Prequel's focus on software reliability and DevOps solutions, making Software Development a relevant industry classification.
- Venture Capital – Work-Bench and other investors are providing funding to Prequel, aligning the article with the Venture Capital sector.
- Cloud Computing – Prequel's platform is designed for cloud-native teams, highlighting its relevance in the Cloud Computing industry.
Financials
- $3.3M – Total amount raised by Prequel in its seed funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Prequel | Target Company | Company | A startup focused on software reliability solutions for DevOps and SRE teams. |
| Work-Bench Management LLC | Lead Investor | Company | A venture capital firm leading Prequel’s $3.3 million seed funding round. |
| Runtime Ventures | Investor | Company | A participant in the seed funding round for Prequel. |
| Operator Partners | Investor | Company | A venture firm participating in Prequel's seed round. |
| Lyndon Brown | Co-Founder | Person | Co-founder of Prequel, with a background in cybersecurity at Endgame and NSA. |
| Tony Meehan | Co-Founder | Person | Co-founder of Prequel, previously worked at Elastic and NSA with expert knowledge in security detection. |
| Schrodinger | Client | Company | An enterprise client of Prequel, mentioned as a participant in their deployment. |