The startup, led by industry veterans Rob Mee and Matthew Work, was founded just over 16 months ago and was already generating more than $10 million in annual revenue by the end of last year. Mechanical Orchard's approach is faster and more cost-effective than rebuilding an entire system from scratch, and it produces more coherent code than entirely automated approaches. The company counts logistics giant Omni Logistics among its enterprise customers.
Key takeaways:
- Mechanical Orchard, a startup focused on mainframe workload modernization, has raised $24 million in a Series A funding round led by Emergence Capital.
- The startup uses an AI-based approach to help companies move their legacy workloads from old, on-premises mainframes to a cloud environment.
- Co-founded by Rob Mee, former founder of Pivotal Labs, and Matthew Work, who has held leading roles at Amazon and Cognizant, the startup is already profitable with over $10 million in annual revenue.
- The funds from the Series A round will be used for further research and development, building a comprehensive global sales and marketing plan, and expanding the team.