Dallas Venture Capital (DVC), a Dallas-based venture capital firm focused on early and growth stage companies in cloud infrastructure, AI/ML, mobile, XR and other emerging technologies, has made a follow-on investment in CoreStack’s USD30 million Series B financing round.
Dallas Venture Capital had earlier led the USD8.5 million Series A financing round in March 2020. This brings CoreStack’s total funding to USD45 million.
“CoreStack is at the cusp of exponential growth and our follow-on investment reaffirms our confidence in CoreStack’s vision and execution,” says Dayakar Puskoor, Founder and Managing Director, Dallas Venture Capital. “The leadership of CoreStack has been diligent in tapping into the DVC Advantage program and our extensive network of advisors to fuel their revenue growth with strategic partnerships and customer acquisitions,” adds Puskoor, who also sits on the Board of CoreStack as a Director.
DVC is committed to helping portfolio companies, like CoreStack, transform their growth journey by providing strategic guidance across product, domain, strategy, customer success and growth, or financial specific matters. DVC has recently created a position of Chief Business Officer (CBO) to create a sustained impact for our portfolio companies through DVC Advantage Program.
CoreStack has been a perfect partner in leveraging the DVC Advantage program, that is focused on start-up companies’ needs in multiple areas such as product & technology strategy, executive mentorship, corporate governance, business development and talent acquisition. CoreStack has been innovating and growing at a rapid pace with its AI-powered continuous and autonomous cloud governance at scale, while also making strategic headway with expansion into new markets. The Series B financing will further accelerate CoreStack’s dominance in cloud governance and compliance.
