As we move deeper into a cloud-centric world, everything was supposed to get easier, but in truth, there are many moving parts, and companies need help getting everything to work. This takes people with particular skills to help clients with integrations, manage hybrid and multi-cloud environments, and get data where you need it. Tecera, a new venture capital firm launching today, wants to attack this problem by investing in companies that can act as helpers and consultants. This is a distinctly different investment thesis in a world where venture capital tends to gravitate mostly towards software and hardware.
Chris Barbin, founder, and CEO at Tecera, knows quite a bit about this. He was one of the founders at Appirio, a consulting firm founded way back in 2006 when cloud computing as we know it today was getting off the ground. His former company had the vision and the foresight to start a firm to help companies use new tools like Salesforce, Google, Workday, and AWS. Wipro bought the company in 2016 for $500 million after it had raised over $117 million, according to
Crunchbase data. Barbin believes that today, the level of complexity has only increased, and there will be a growing need for what he calls this people power to make everything work, which takes a specialized kind of investor. “There’s been a flurry of investment activity into professional services-based companies over the last couple of years, but there’s never been an investment firm that is exclusively focused on these types of businesses,” Barbin explained.