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Auckland-based Termius raises $4.1M in Silicon Valley seed funding

Auckland-based Termius raises $4.1M in Silicon Valley seed funding

Termius tackles the challenges faced by network engineers

Dmitry Lyfar and Roman Kudiyarov (Termius)

Dmitry Lyfar and Roman Kudiyarov (Termius)

Auckland-based startup Termius has just closed a $4.1 million seed round with investment coming from some of Silicon Valley’s top venture capitalists.

The capital raising comes off the back of Termius graduating from prestigious startup accelerator Y Combinator and praise from Apple co-founder Steve Wozniak.

Termius, which is owned by US-based Termius Corporation, is used by more than 11,000 network engineers and DevOps -- including those at companies such as SpaceX, Disney, and Cisco -- to help them work collaboratively and with more mobility as they manage their IT infrastructure.

It helps speed repetitive tasks engineers do as they reach, audit and maintain servers or routers, and allows them to do these tasks on their mobile phones.

The seed round money will be used to scale Termius from currently being a single-user focused product, to a more team-focused collaboration tool.

“We believe Termius will totally transform the way network engineers around the world work: whether it’s to help them fix network issues on their phones while they’re on holiday, or collaborate with their teams in ways previously impossible,” Termius CEO and co-founder Roman Kudiyarov said.

Kudiyarov and COO and co-founder Dmitry Lyfar founded Termius in October last year in Auckland after running businesses together in the Serbian and New Zealand IT sector for more than a decade.

They began by building software for other businesses until they decided to commercialise Termius, which they’d developed as a product for their own internal use. 

Tens of millions of engineers looking after infrastructure and networks use a system called SSH for troubleshooting and maintenance.

Most have to access SSH through clients that have not been designed to work on multiple devices or allow for collaboration with other team members. Termius transforms that by syncing data across unlimited devices using end-to-end encryption.

As for Wozniak, here's what he said: “Termius served my purpose well and was easy to understand. I like to show off my router and tonight, with family in a restaurant, I even used Termius.”

Kudiyarov and Lyfar lead a team of 25 and plan to grow a core team in New Zealand with engineering talent working remotely around the world.

 


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Tags NetworkingVenture capitalstartupsseed fundingwozniakengineers SSHTermius

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