Greek Enterprise Software Startups Serving Fortune Global 2000 Customers

The Greek startup industry has been growing strong, and companies serving the enterprise have delivered a big part of such growth. An increasing number of Greek enterprise software startups are successfully serving some of the largest companies in the world. With this post, we would like to bring them to the forefront and highlight what makes us excited about them.

Doing business with the world’s largest companies requires a world-class mix of talent, products, and processes that cater to the highest standards. By serving such large customers, employees of such companies continuously improve their technical and operational competence. Their founders are becoming more ambitious, and the industry’s profile as a whole is raised in the minds of investors and acquisitors alike.

In what follows, we put together a list of 23 Greek enterprise software companies that cater to the Fortune Global 2000, along with some of their most prominent customers. The list includes companies that were founded fairly recent, in their vast majority in the last decade, and maintain a significant part of their operations –including R&D– in Greece. It is by no means exhaustive –there are more such startups, and we welcome any additions– yet we believe it is pretty telling:

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Let us provide some more color on what you just saw. The marketing engine of the most valuable company in the world. The largest European airline’s hiring machine. The largest US restaurant chain’s employee training platform. America’s largest oil producer contracts and bidding recommendations. The real-time data infrastructure of one of the largest insurers and banks in Europe. All of the above are powered by software made in Greece! And what our mapping highlights is just the tip of the iceberg, since most such customer engagements are not made public…

A few thousand people are working in these companies, improving their game every day by meeting the requirements of some of the most demanding companies in the world. Engineers are joined by professionals across the spectrum, from support to sales to marketing to finance to HR, building technology products and the companies around them, at the same time accumulating hands-on experience that is highly sought after around the world. 

To us, these world-class professionals, and their peers in similar companies, in Greece or beyond, are the backbone of our industry – our greatest asset. And, judging from what we see in the market, compared to what used to be the case only a few years ago, we believe they have now reached critical mass – more startups starting to cater to this kind of companies than ever before, and this is just the beginning.

 

Moving monitoring to the edge with Netdata

We are thrilled to publicly announce our investment in Netdata, a company on a mission to reinvent monitoring for the edge computing age. A visit to their Github page speaks for itself. Netdata is one of the most adopted monitoring solutions in the world right now. It is being installed over half a million times every day!

Costa Tsaousis, the founder of Netdata, reached out to us in the summer of 2018. We were taken by surprise as we had never seen anything comparable. The growth was and is off the charts, the community is raving and we found users of Netdata at pretty much all major technology companies, government agencies, universities and home labs. On top of that, Costa wasn’t a first-timer. He has been a seasoned C-level executive, well-versed to perform in the board room, and equally at ease writing low-level C code. It seems he has a strong affinity for the letter C.

Netdata is a distributed, real-time, open-source health and performance monitoring solution for systems and applications. The optimized monitoring agent installs in seconds and auto-detects thousands of metrics from popular applications, web servers, databases, containers, Kubernetes clusters, and IoT sensor data. Interactive visualizations and hundreds of valuable alarms give developers and system administrators instant insights without wasting time on configuration. Netdata makes monitoring native to the systems it monitors, rather than being an afterthought. Netdata is truly serverless monitoring!

Costa’s profound idea was immediately embraced by the community. When the project debuted at Github in 2016, it became one of the top 20 trending projects of the year on the platform. It currently ranks as the 3rd most popular project in the broader Cloud Native landscape. Currently, Netdata is used by over a million and a half people across the world!

As a former entrepreneur in the broader monitoring space, and having felt the pain of scaling monitoring systems, Netdata immediately struck a chord. We concluded the first seed round in September 2018. Shortly after, Bain Capital Ventures joined a seed round extension. Similarly to its traction in the developer/IT community, Netdata quickly became one of the most sought-after startups. 

We are extremely pleased to have Salil Deshpande as a fellow co-investor and board member in Netdata. Salil is not a stranger to open source companies. He is an early investor in DynaTrace, SysDig, Redis Labs, MuleSoft, DataStax, SpringSource, Sonatype, Quantum Metric, and many others, and has been featured on the Forbes Midas List of the 100 best performing VCs for the past seven years in a row.


Today, we are announcing a $17M Series A round of Netdata, led by Bain Capital Ventures and joined by Marathon. We are working on a super ambitious roadmap that will change monitoring to its core, propelled by the distributed nature of Netdata. Netdata is a remote-first organization, hiring engineers with an obsession for high performant and highly efficient software. At the same time, we are building two hubs, one in Silicon Valley, where we are actively recruiting for marketing and product talent, and one in Greece, where a large chunk of our R&D activities takes place.

👉Check out the open opportunities here.

Cyprus Startup Drinks

What

We will be visiting Cyprus in our quest to meet with fellow Greek founders and technologists around Europe.

– Cyprus-based Learnworlds cofounder & CEO Panos Siozos will share the company’s story so far and how to build a remote-first team

Marathon partner George Tziralis will present the State of the Greek Startup Industry, also how to raise your next round

When

Friday, October 11
Attendance starts at 6pm; short talks starting at 7pm.

Where

Our friends at Proto.io will be kindly hosting us at their offices.
121 Prodromou str, 3rd Floor, Hadjikyriakeion Building, Nicosia 2064, Cyprus
https://goo.gl/maps/kE5iYmzYsHLot2CB9

Why

We believe in connecting relevant people who are doing great things. Plus, we like to have drinks with friends, old and new.

RSVP

Please RSVP here, so we have a sense of how many to expect.

Cyprus peers, spread the word and see you there!

Lenses.io Series A

We are excited that 83 North has led a Series A financing for Lenses.io, formerly knows as Landoop. It is a recognition of the tremendous progress the company has made in serving global corporations in their journey to adopt DataOps practices. Businesses building modern data architectures face challenges in acquiring the skills to deploy and operate data-driven applications while applying the necessary governance and security. Lenses.io powers a new data consumption, processing and sharing model, enabling every data persona to contribute as organisations become data-driven via DataOps.

Continue reading Lenses.io Series A