Today I’m incredibly pleased to share that Pelion Ventures has invested in Macrometa. Many of you already know of Pelion as a hugely successful, storied venture firm based out of Salt Lake City, UT. Pelion has previously backed Internet blockbusters like Cloudflare and Riverbed from startups to public companies through frenzied hyper-growth and market making. Macrometa is delighted to team up with Blake Modersitzki, Chris Cooper, Ben Lambert and Zain Rizavi on our mission to bring distributed cloud infrastructure and edge computing to developers everywhere.
I’m a big fan of humble investors who walk softly but carry a big stick (the stick here refers to an outsized positive effect on the startups they back). Pelion exemplifies this approach. From the many meetings and discussions with Blake, Chris, Ben and Zain– it was clear to me that Pelion was a team we wanted to work with. Their powerful curiosity for the end state of edge computing that Macrometa enables, coupled with first-hand experience of having built several category defining businesses like Cloudflare, Domo, Vouch, Stormpath (acquired by Okta), Riverbed and others, lead to a collaboration and new investment in Macrometa, despite us having closed our seed round of $7M lead by DNX ventures just a few short months back.
Incredibly smart, accomplished people who invest early to help founders build category defining companies.
Nowhere is this more apparent than in Pelion’s backing of CloudFlare as one of its earliest investors. Pelion helped finance Cloudflare’s monumental rise into a behemoth in security, CDN and now edge computing. They gave the founders of Cloudflare great latitude to pursue their vision and helped with their advice, network and experience where needed to create results that are self-evident. CloudFlare is today an incredible business with a 50% CAGR on revenues and a market capitalization of $18Bn.
Passionate about solving complex infrastructural issues buried deep inside the Internet
Pelion backs teams that are going after hard problems. Take Riverbed for example – Riverbed arrived on the scene when WAN latencies made Remote Office / Branch Office connectivity an expensive and unusable nightmare. Riverbed transformed the enterprise’s ability to use the Internet to connect people, applications and data with its transformative WAN optimization technology. Riverbed’s approach was radical for its time and few investors understood what the implications were. Pelion saw that Riverbed’s proposition was transformative and powerful, and helped Riverbed quickly grow into a networking infrastructure powerhouse.
Humble, hardworking and heartful investors
Having worked on multiple startups before, both my co-founder and I decided early in the Macrometa journey that we only wanted to work with people who shared our values for humility, hard work and heartful engagement. We have been incredibly fortunate to get the best investors involved with our business starting with Yash Hemaraj at BGV leading our pre-seed in 2017, and most recently Q Motiwala at DNX ventures leading our oversubscribed Seed round (with support from Partech, Fusion Fund, Sway and others in our investor syndicate). We now look forward to Pelion joining our journey and mission to open up the edge cloud to powerful new applications built by passionate developers everywhere in the world.
If you're interested in a role at Macrometa, we have open positions in our R&D, Site Reliability & Engineering (SRE), Sales (inside and outside). Check out ou