Norway’s Kosli bags €3.1M to automate compliance for regulated DevOps teams

Oslo-based Kosli, a DevOps tool startup, announced on Wednesday, November 2, that it has raised $3.1M (approximately €3.16M) in a Seed round of funding. The investment was led by Heavybit, with participation from Fortino Capital, Monochrome Capital, and Skyfall Ventures.

Kosli was founded in 2019 as a platform for compliance automation for regulated software teams working in industries like finance. Recently, the startup introduced a free tier that enables a much wider range of use cases. Kosli will now be used by developers across all sectors to comprehend how rapidly evolving software systems are changing. They will be able to accomplish this using basic commands.

Heavybit Partner, Joe Ruscio, says, “Since our first meeting with the Kosli team we strongly believed in a much bigger market opportunity that expands beyond regulated industries and serves a need for DevOps teams in every single vertical of the global economy.”

The missing piece in monitoring stack

Software companies today use a variety of repositories, microservices, pipelines, and environments. Modern technologies and processes allow exponential rates of change in this complicated environment. However, everyone on the software development team has issues as a result of these high change rates.

On a daily basis, it makes it challenging for developers to locate their code and determine why environments and services might be broken. At a higher level, it makes it challenging and time-consuming to obtain data for compliance and auditing reasons. 

Founded by Mike Long and James Logan, Kosli addresses both of these issues by keeping track of modifications and making them simple to find.

Long, who is also the CEO, says, “We set out to automate compliance for regulated teams, but we quickly realised our tool was also really helpful for developers trying to understand how and why their environments are really changing.”

Record, connect and search software changes

Every stakeholder has the ability to track, connect, and look for changes along their whole value chain, thanks to Kosli. It gives CTOs, platform engineers, DevOps engineers, and developers more leverage in both short-term tactical duties and long-term strategic ones, says Kosli.

Developers may now identify particular changes without spending hours browsing through logs with the help of Kosli. Additionally, the startup offers an automatic trail of compliance proof for teams working in regulated industries. Kosli is crucially accessible via the command line as well as a web-based GUI, a capability that is crucial for developers.