Five V Venture Capital Update: We are excited to announce our lead investment in Dataweavers' $5.5 Million Series A round, alongside QIC and existing investor OIF.
Dataweavers takes the complexity out of managing the cloud infrastructure that underpins digital platforms, saving businesses time and money to focus on their customers and creating digital experiences. With an established presence across ANZ and the US, and customers from the likes of Toyota and Rio Tinto, our investment will support continued people, technology and international growth.
Managing cloud infrastructure can get very complex, very quickly. Over time, this can result in higher and more unpredictable cloud costs, reduced performance and security, reduced velocity and the inability to upgrade at the application layer. Dataweavers' WebOps Operational Platform orchestrates the delivery, security and optimisation of digital experience platforms in cloud environments, which can result in up to 50% reduction in total cost of ownership and up to 40% uplift in digital team productivity.
Five V's Ed Bigazzi, stated: "Dataweavers takes away the customer headache of managing the cloud infrastructure layer, with the end result being greater cost efficiency, improved website performance and security, and faster innovation cycles. We are super impressed with the Dataweavers team led by Ben Shapiro and their detailed understanding of the technical problem their customers are trying to solve."
Dataweavers' founder and CEO, Ben Shapiro, stated: "Having Five V and QIC come on board with OIF is a tremendous boost at a real turning point in the Dataweavers journey."
Congratulations Dataweavers and all teams involved!