NZ’s Termius raises $2.7m in seed round backed by Silicon Valley VCs

Termius co-founders Dmitry Lyfar (left) and Roman Kudiyarov.

Auckland-based tech startup Termius has raised NZ$4.10 million ($2.7 million) in a seed round backed by undisclosed venture capitalists based in Silicon Valley, per an announcement.

The startup, which recently graduated from startup accelerator Y Combinator, did not provide details about the investors backing its seed round but said it will use the fresh funding to scale Termius from a single user-focused product to a team-focused collaboration tool.

Termius has developed an SSH client system to allow secure login into a remote computer. The startup said its system is used by more than 11,000 network engineers and DevOps — from companies such as SpaceX, Disney, and Cisco — as they manage their IT infrastructure.

The company claims the platform helps speed up many of the repetitive tasks engineers do as they reach, audit, and maintain their servers or routers, and allows them to do these tasks on their mobile phones rather than desktops.

“We believe Termius will totally transform the way network engineers around the world work: whether it’s to help them fix network issues on their phones while they’re on holiday, or collaborate with their teams in ways previously impossible,” Termius CEO and co-founder Roman Kudiyarov said in a statement.

Kudiyarov and Dmitry Lyfar founded Termius in October last year in Auckland, after running businesses together in the Serbian and New Zealand IT sector for more than a decade.

The founders, who currently lead a team of 25, plan to grow a core team in New Zealand with engineering talent working remotely around the world.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.