Portfolio Impact: Injecting Chaos into the Enterprise

While the COVID-19 pandemic has impacted our ability to host live events, our Portfolio Impact program remains dedicated to leveraging the firm’s network to add value for our venture managers and portfolio companies. One of our most impactful initiatives is a series of curated, intimate events connecting top venture-backed companies, CIOs and senior executives and venture investors. While recent events have been held virtually, they continue to spur connections that lead to valuable and long-term customer, partner and prospective acquirer relationships.

Earlier this month, we teamed up with Greenspring portfolio company Gremlin and the Washington Area CTO Roundtable to host Chaos Engineering: How Many 9s are Enough? Led by Kolton Andrus, Gremlin’s CEO and co-founder, the webinar explored Chaos Engineering, or the practice of deliberately breaking enterprise systems in order to expose weaknesses and proactively fix them before they fail. Andrus elaborated on the challenges associated with reaching various levels of site reliability and their increasing impact on enterprise operations.

The event was well attended by over 60 participants from corporate partners such as Amtrak, Cisco, ComScore, Verisign and others. Participants’ average rating of the content was a 4.7/5.0, and the event generated 23 prospective customer introductions for Gremlin. 

Huge thanks to Gremlin and the Washington Area CTO Roundtable for co-hosting this engaging event!

About Gremlin

Gremlin is the world’s first hosted Chaos Engineering service with a mission to help build a more reliable internet. It turns failure into resilience by offering engineers a fully hosted solution to safely experiment on complex systems, in order to identify weaknesses before they impact customers and cause revenue loss. Founded by CEO Kolton Andrus and CTO Matthew Fornaciari in 2016, the company has since raised funding from Amplify Partners, Index Ventures, and Redpoint Ventures. Existing customers include Charter Communications, Expedia, Mailchimp, Qualtrics, Target, Twilio, Under Armour, and Walmart.

About the Washington Area CTO Roundtable

The Washington Area CTO Roundtable is a vibrant group of over 260 local chief technology officers, chief scientists, vice presidents of research and development, and academicians from both industry and government. The Roundtable meets regularly to review and discuss emerging technologies, provide an open and collaborative network of peers and educate others on the use of technology.

If you would like to be notified about future Portfolio Impact events, please reach out to PIEvents@gspring.com.

The content here is for informational purposes only and should NOT be taken as legal, business, tax, or investment advice. It does NOT constitute an offer or solicitation to purchase any investment or a recommendation to buy or sell a security. In fact, the content is not directed to any investor or potential investor and may not be used to evaluate or make any investment.