Orkes, a Cupertino-based startup specializing in application orchestration, has raised $20 million in a funding round led by Nexus Venture Partners.
The funding will help Orkes expand its offerings, including a cutting-edge AI orchestration platform. The startup, which is known for its rapid growth and development of industry-first AI tools, said it has become a trusted solution for large multinational companies and startups alike.
Who are the investors?
Besides Nexus VP, The round also saw participation from Battery Ventures and Vertex Ventures US.
“Orkes is leading the creation of one of the most interesting categories in software infrastructure. The founders of Orkes wrote a new playbook for building and operating complex, observable and large-scale applications when they helped create the Conductor open-source project at Netflix. Now, they’ve operationalized this modern approach to application building for the entire enterprise,” said Abhishek Sharma, managing director at Nexus Venture Partners.
Integration of complex GenAI-powered workflows
Orkes leverages the open-source Conductor project, offering a platform that simplifies the integration of complex generative AI-powered workflows into applications.
The platform is recognized for its deployment flexibility, enterprise-grade security, and capability to address sensitive use cases across various industries. Orkes claims that its technology is appreciated by developers for its ease of use and scalability, as well as its competence in managing complex applications.
Who benefits from Orkes' Technology?
Orkes' said that its platform is instrumental for businesses in banking, insurance, entertainment, media, and healthcare, providing solutions for complex application development and workflow automation. Some of its notable clients include United Wholesale Mortgage and Foxtel.
“Orkes Conductor is more important than ever as businesses build applications that require fine-grained workflows, rely on numerous disparate services and APIs, and must now leverage AI for increased productivity and efficiency,” said Jeu George, CEO and co-founder of Orkes.
“Revenue has tripled in the past year, with even faster logo growth; our average deal size is in the six figures. Our customers are investing heavily in Orkes across AWS, GCP and Azure deployments as we enable them to have their data and compute residing on their cloud footprint or fully hosted by Orkes on the cloud of their choice," he said.
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