# Rafay Systems funding: rounds and investors > Rafay Systems has raised $33M across 2 rounds since 2019. Investors include Ridge Ventures, NTT DOCOMO Ventures and Plug and Play. Every round with its source. Source: https://millionrounds.com/company/rafay-systems (Millionrounds; every figure on the page links to its filing or article) United States · [Series B startup](https://millionrounds.com/companies) # Who invested in *Rafay Systems* 2 rounds we have observed, with the 8 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Consumer Apps DevOps Funding summary Updated 26 Oct 2026 **$33M** raised across 2 rounds since 2019, from 2 sources **$8.0M** Series A **$25M** Series B - **Latest round:** Series B, $25M Aug 2021 - **Step-up i:** 3.1× - **Investors:** 8 (1 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2020 2021 **$8.0M** Series A **$25M** Series B - **First round:** Series A, $8.0M - **Biggest round:** $25M - **Between rounds:** 23 months ## The rounds - **Aug 2021** Series B **$25M** *4 new* *2 returning* [Plug and Play](https://millionrounds.com/fund/plug-and-play) [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) [Floodgate](https://millionrounds.com/fund/floodgate) [Ridge Ventures](https://millionrounds.com/fund/ridge-ventures) [NTT DOCOMO Ventures](https://millionrounds.com/fund/ntt-docomo-ventures) [ForgePoint Capital](https://millionrounds.com/fund/forgepoint-capital) Source recorded - **Sept 2019** Series A **$8.0M** *4 new* [Ridge Ventures](https://millionrounds.com/fund/ridge-ventures) Lead [Costanoa Ventures](https://millionrounds.com/fund/costanoa-ventures) [NTT DOCOMO Ventures](https://millionrounds.com/fund/ntt-docomo-ventures) [Moment Ventures](https://millionrounds.com/fund/moment-ventures) Reported by Fiercetelecom ## Founders and team From Rafay Systems's own website: 2 founders, 5 on the team. **Haseeb Budhani** CEO & Co-Founder **Hemanth Kavuluru** CTO & Co-Founder - **Venukrishna Prasad** Vice President, Engineering & Head of India - **Karin Roeschlein** CFO - **Mohan Atreya** Chief Product Officer - **Larry Carillo** VP of Marketing - **Rupen Shah** VP of Partners and Ecosystems ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Series A** 2019 **Series B** 2021 [Ridge Ventures](https://millionrounds.com/fund/ridge-ventures) L [NTT DOCOMO Ventures](https://millionrounds.com/fund/ntt-docomo-ventures) [Plug and Play](https://millionrounds.com/fund/plug-and-play) [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) [Floodgate](https://millionrounds.com/fund/floodgate) [Costanoa Ventures](https://millionrounds.com/fund/costanoa-ventures) [ForgePoint Capital](https://millionrounds.com/fund/forgepoint-capital) [Moment Ventures](https://millionrounds.com/fund/moment-ventures) ## Everyone who backed them [Ridge Ventures](https://millionrounds.com/fund/ridge-ventures) VC firm **2** rounds, led 1 [NTT DOCOMO Ventures](https://millionrounds.com/fund/ntt-docomo-ventures) Accelerator **2** rounds [Plug and Play](https://millionrounds.com/fund/plug-and-play) Accelerator **1** round [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) VC firm **1** round [Floodgate](https://millionrounds.com/fund/floodgate) VC firm **1** round [Costanoa Ventures](https://millionrounds.com/fund/costanoa-ventures) VC firm **1** round [ForgePoint Capital](https://millionrounds.com/fund/forgepoint-capital) VC firm **1** round [Moment Ventures](https://millionrounds.com/fund/moment-ventures) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=rafay-systems). ## Also claim to have backed them These 2 firms list Rafay Systems as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [Sand Hill East](https://millionrounds.com/fund/sand-hill-east) VC firm Per its own site [Landmark Ventures](https://millionrounds.com/fund/landmark-ventures) VC firm Per its own site ## Quick answers about Rafay Systems ### Who invested in Rafay Systems? Rafay Systems's investors include Ridge Ventures, NTT DOCOMO Ventures, Plug and Play, Menlo Ventures and Floodgate, and 3 more on record. ### How much has Rafay Systems raised? Rafay Systems has raised $33M across 2 rounds since 2019. ### When did Rafay Systems last raise? Rafay Systems's most recent round was a Series B of $25M in Aug 2021. ### What was Rafay Systems's biggest round? Its most recent round, $25M in Aug 2021, is also its largest on record. ### Who backed Rafay Systems first? Rafay Systems's first round on record, in Sept 2019, was backed by Ridge Ventures, Costanoa Ventures and NTT DOCOMO Ventures and 1 others. ### What stage is Rafay Systems at? Rafay Systems's latest named round is a Series B, in Aug 2021. ### Where is Rafay Systems based? Rafay Systems is based in the United States. ### Who led Rafay Systems's rounds? Ridge Ventures led the Series A in 2019. ## Companies like Rafay Systems In the same sector, and raised in the last eighteen months. [**Blacksmith** $131M · Oct 2026](https://millionrounds.com/company/blacksmith)[**Punch** $11M · Oct 2026](https://millionrounds.com/company/punch)[**Albert** $57M · Oct 2026](https://millionrounds.com/company/albert)[**Arena** $401M · Oct 2026](https://millionrounds.com/company/arena)[**Welltory** $4.0M · Oct 2026](https://millionrounds.com/company/welltory)[**Bloom** $418M · Oct 2026](https://millionrounds.com/company/bloom) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app