Espero Raises $7.6 Million In Series A Funding

Espero Raises $7.6 Million In Series A Funding

by NeoTech Post

Esper, an android device and application management platform for developers and enterprises, closed a $7.6 million Series A funding round.

Madrona Venture Group led the funding round with participation from all existing seed investors, including Root Ventures, Ubiquity Ventures, Haystack Ventures, and Pathbreaker Ventures. 

The Android-based edge devices such as tablets, kiosks, point-of-sale, and mobile payment devices with which consumers interact daily are rapidly proliferating. The overall market is growing 26% annually, with more than 7 million developers worldwide working on these devices’ applications and networks.

By 2024 it is expected that there will be over 200 million Android devices deployed in the dedicated device space. These devices, as they are being deployed today, lack a comprehensive DevOps platform. Esper’s full-stack offering enables enterprises to efficiently develop, manage, and monitor these devices securely across the different versions of Android and device types.

“Esper enables engineering teams to deploy their applications to dedicated and mission-critical devices with confidence and ease. Esper’s vision is to provide a platform that allows our customers to focus on their user experience and not infrastructure,” said Yadhu Gopalan, co-founder and CEO of Esper. “We are excited to have the full support of these investors to expand our great team and further scale our business to help customers move beyond legacy management systems that were not built for modern needs, into a true DevOps solution.”

“Deploying, monitoring, and maintaining remote devices is a huge issue in the enterprise – everything from the bespoke point of sale tablets to exercise equipment run on Android. And there is currently no system to easily develop, update or even know when devices are malfunctioning,” said Terry Myerson, Venture Partner at Madrona Venture Group. 

“Esper’s team brings years of the platform, mobile, retail and customer experience at Amazon, Samsung, and Microsoft to this problem, and their platform provides a clean end-to-end experience for companies building out these important networks.” 

As part of the investment, Tim Porter, Managing Director at Madrona Venture Group, will join the board, and Terry Myerson will join as a board observer.

Image Credit: Espero