Faddom secures $12M to assist companies in mapping IT infrastructure across all platforms
Faddom, an Israeli startup, aims to simplify infrastructure mapping for medium-sized enterprises, assisting them in visualizing connections and dependencies across their infrastructure, whether physical, virtualized, or in the cloud. The company announced a $12 million Series A funding round to support its mission.
Faddom’s platform generates a unified map of dependencies and environments, tracking every IP address and socket in the network, along with connectivity directions. This comprehensive view enables IT teams to understand their infrastructure better, particularly how different components interact within business applications. With this information, companies can manage infrastructure changes, migrations, cybersecurity, and compliance more effectively.
The company targets medium-sized enterprises with a few hundred to a few thousand employees, managing over 100 servers, and revenues ranging from $100 million to a few billion dollars. Faddom aims to serve this market segment, where IT budgets may be limited, and tailored innovation solutions are lacking.
Faddom aims to offer its infrastructure mapping solution to medium-sized enterprises at an affordable price point, typically ranging from $15,000 to $20,000 per year. The pricing varies based on the complexity of the environment being mapped. Despite initial challenges in convincing investors of the viability of a product targeted at this market segment, Faddom has shown promising growth since its launch in 2021.
With 100 customers onboard, the company has achieved a 300% annual revenue growth rate and has reached $1 million in annual recurring revenue (ARR) so far. In September, Faddom closed a $12 million Series A funding round led by Viola Ventures and NFX, with participation from industry angels. The funding will support the company’s expansion plans, including hiring additional talent. Faddom has already increased its team from 23 to 30 employees, with plans to reach 50 by the end of the year, depending on business growth.
