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.