intelligence360
  • About us
  • Video News Daily
  • Contact Us
  • Search Icon

intelligence360

The Intelligent News Source

Ex-Apple team unveils Tempest to supercharge platform engineering, as they raise $3.2M 

Ex-Apple team unveils Tempest to supercharge platform engineering, as they raise $3.2M 

November 25, 2024 Craig Etkin

Tempest emerges from stealth to help companies deploy the developer platforms that typically cost millions and years to build. 

San Francisco, California – November 25, 2024; While tech giants spend years and millions building internal developer platforms, most engineering teams are left with a painful choice: cobble together fragmented tools or build everything from scratch. Spotify introduced Backstage to help address this problem, but even after years of availability, it still requires significant setup time and ongoing maintenance—an investment of time and resources that most teams simply can’t afford.

Today, the team behind Fleetsmith (acquired by Apple in 2020) emerges from stealth with a solution. Tempest, launching with $3.2M in funding led by Abstract Ventures, delivers a complete developer platform that can be deployed in hours instead of months, helping engineering teams ship better code faster.

The seed funding round attracted industry heavyweights, with participation from Box Group and Background Capital, alongside strategic investments from Max Mullen (co-founder of Instacart), Jason Chan (former VP of InfoSec at Netflix), and Mike Abbott (former VP of Engineering at Apple). This collective bet on Tempest’s vision reflects a growing reality: companies can no longer afford to waste engineering talent on infrastructure tasks instead of innovation.

Tempest was founded by Ken Kouot, Lukasz Jagiello, and Eric Skram following Apple’s acquisition of their previous company, Fleetsmith. After spending years at Apple, the team saw a persistent challenge: companies hire specialized engineers only to burden them with infrastructure tasks instead of customer-facing innovation.

“Poor developer experience isn’t just a developer problem—it’s an existential business risk,” says Tempest co-founder and CEO Ken Kouot. “Take a simple feature deployment: when your engineers spend three days wrestling with CI/CD pipelines instead of shipping customer value, that’s not just lost engineering hours—it’s delayed revenue and missed market opportunities. At Tempest, we’re giving developers the foundation they need to deliver innovation at the speed your market demands. In today’s environment, streamlined software delivery isn’t a nice-to-have—it’s the difference between leading your industry and playing catch-up.”

What sets Tempest apart is its unique two-pronged approach. The platform combines a comprehensive internal developer portal for service visibility and tracking with a powerful DX platform that enables true self-serve workflows. While other solutions stop at showing what’s happening in the stack, Tempest turns insights into action with built-in automations that work out of the box. The platform comes with a rich ecosystem of integrations that can be easily extended through its developer-friendly SDK, eliminating the months of setup typically required with existing solutions.

Jason Chan, VP, Information Security at Netflix (10 year Netflix veteran) added: “In my experience, the most effective organizations provide developers with clear, secure pathways—what we now call ‘paved roads’ and something we introduced early on in my career at Netflix. Tempest makes it easy to implement those pathways, removing the friction that slows down teams and putting security and compliance on autopilot.”

The numbers back this up: McKinsey reports that companies with high-quality developer platforms see revenue growth four to five times faster than their peers. Yet most organizations spend months or years trying to build these platforms internally, often ending up with complex systems that engineers refuse to adopt.

“When we met Ken and the Tempest team, we knew they weren’t just creating another dev tool—they are building the foundation that future engineering teams will be built on,” said David Kwon, Partner at Abstract Ventures. “We believe the Tempest team is creating a best-in-class developer experience, and we are grateful to be supporting them.”

Jesse Adametz, Director of Engineering, Infrastructure at Twilio added: “Developer Platform roadmaps across the industry are far too similar considering the unique nature of each business they’re trying to serve. Tempest takes care of the commonalities, provides opinionated best practice guidance, and lets Engineers get back to innovating solutions their customers crave.”

“My infrastructure security background has shown me how fragmented deployment tooling can create both operational friction and security vulnerabilities,” added Jake King, Founder of Cmd (acquired by Elastic in 2021). “Tempest has cracked this challenge by delivering a unified platform that combines sound security controls with the flexibility modern development teams demand to move quickly and efficiently.”

While, Max Mullen, co-founder of Instacart commented: “Tempest is the missing developer experience tool that every engineering team needs—which is precisely why I’m so excited to be an investor.”

Starting today, Tempest is publicly available with transparent pricing including a free tier for teams up to 10 seats, making enterprise-grade developer platforms accessible to organizations of all sizes. The platform can be deployed without the months of setup and specialized teams typically required, enabling companies to capture immediate value. By focusing on complete self-service capabilities rather than just visibility, Tempest helps teams go from zero to full developer enablement in hours, not months.

About Tempest

Tempest helps teams deliver better code, faster, by providing a ready-to-use developer self-serve experience without the months of setup. It empowers developers to build, deploy, and manage independently, with built-in security and compliance guardrails. With Tempest’s unified platform—combining everything teams need from a service catalog and software ownership to powerful end-to-end automation—organizations boost developer productivity, accelerate time to market, and maximize return on engineering investments. 

About Abstract Ventures

Abstract is a $1.5B AUM early-stage venture capital firm that partners with founders building transformative companies across diverse industries. They have invested in companies such as Rippling, Cognition, SpaceX, Solana, and Material Security. 

About BoxGroup

BoxGroup is a seed-stage investment firm dedicated to supporting founders who are reshaping industries and pushing boundaries. Their portfolio features companies like Ramp, Plaid, and Stripe. 

SOURCE: http://www.intelligence360.io
Copyright (c) 2024 SI360 Inc. All rights reserved.


Venture Capital
California, San Francisco, Tempest, Venture Capital

Post navigation

NEXT
Zeplyn Raises $3M Seed Funding for AI Assistant to Streamline Wealth Management Workflows and Improve Client Experience
PREVIOUS
WhiteStar Asset Management to spend $1,400,000.00 to occupy 9,670 square feet of space in Dallas Texas.
Comments are closed.

Source: http://go.intelligence360.io/ and https://intelligence360.news/

Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

Fabric is a health tech company on a mission to solve healthcare’s access problem. Fabric’s integrated care platform offers personalized guidance, streamlines workflows, and unifies experiences across virtual and in-person care. Its solutions support care delivery from a patient’s first search to post-treatment follow-up using its proprietary Hybrid AI that combines conversational AI and physician-built clinical logic. Together with a nationwide network of medical and behavioral health providers, Fabric is realizing its vision of providing care for everyone, everywhere. The company advances connected delivery that improves access, outcomes, and equity across every stage of the patient journey. Today, Fabric serves 30,000 employers, payers, and enterprise organizations, including OSF HealthCare, MUSC Health, Highmark, and Intermountain Health. Fabric is backed by General Catalyst, Thrive Capital, GV (Google Ventures), Salesforce Ventures, Vast Ventures, BoxGroup, and Atento Capital.
Source: http://go.intelligence360.io/ and https://intelligence360.news/

Flex has closed a $60 million Series B equity round led by Portage, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. This latest $60 Million equity round, followed by its $200 Million debt and $25 Million equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. These customers now use an average of four or more Flex products. Flex’s Business Credit Card, which provides 60-day float on every transaction, has been a major driver of adoption, acting as the wedge into deeper financial operations. Once owners experience the benefits of the Flex Credit Card, they often go on to adopt Flex’s banking, payments, working capital, and expense management tools to replace fragmented legacy systems. This integrated model has allowed Flex to scale with high efficiency and has created a strong foundation for its expansion into personal finance.

Launched in 2023, Flex a Flexbase Technologies brand is the AI Native “Private Bank” for high net worth business owners in the middle market. Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. Flex is the first platform that supports every step of their financial lives, from the moment they earn revenue to the moment they spend it personally.
Source: http://go.intelligence360.io/ and https://intelligence360.news/

Across the United States, a new industrial age is taking shape. Trillions of dollars in infrastructure, from energy projects and advanced manufacturing to data centers and critical mineral facilities, must be built in the next decade. But large construction projects are slower and more expensive today than they were half a century ago. Unlimited Industries, a California-based company using AI to rethink how infrastructure gets built, has raised $12 million in seed funding to change that. The round was co-led by Andreessen Horowitz and CIV, with participation from leading industry investors. The capital will accelerate Unlimited’s expansion and further develop its proprietary AI platform – one designed to make large-scale engineering and construction faster, cheaper, and more ambitious.

Unlike traditional construction firms or standard software companies, Unlimited is an AI-native construction company that both designs and builds. Its proprietary platform can generate and evaluate hundreds of thousands of design configurations in parallel, automatically identifying optimal layouts for cost, safety, and performance before construction begins. By integrating AI-driven design with its own vertically integrated engineering and construction teams, Unlimited eliminates the costly handoffs and misaligned incentives that have defined the industry for decades.

In a statement Alex Modon, Co-Founder and CEO of Unlimited Industries said, “Advances in AI mean we can finally build the physical world the way we build software.” “The traditional construction model is slow, brittle, and fundamentally misaligned. Our approach replaces static design choices with a dynamic, data-driven process that learns from every project. The result is faster, cheaper, and more successful projects.”

Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
Subscribe

Categories

Recent Posts

  • Ember LifeSciences has raised $27 Million in new Series A funding June 26, 2026
  • Relay Financial Technologies has raised $50 Million in new funding June 26, 2026
  • Forage has raised $40 Million in new Series B funding June 26, 2026
  • PhoenixAI has raised $80 Million in new Series B funding June 26, 2026

Archives

© 2026   Copyright SI360 Inc. All Rights Reserved.