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Ambassador Labs Announces $20 Million of Additional Growth Capital

Boston, MA – August 31, 2022 – Ambassador Labs, the cloud native developer experience leader, today announced that it has secured a $20 million growth investment led by global software investor Insight Partners. In conjunction with the funding, the company has appointed Steve Rodda, a technology industry veteran, as the company’s new Chief Executive Officer. Rodda replaces Richard Li, who will remain on the executive leadership team as Chief Product Officer and co-founder. Rodda joins Ambassador Labs at a time of significant growth, with the company achieving over 200% year-over-year revenue growth. Ambassador Labs will use this additional investment to accelerate go-to-market initiatives and expand its open source and commercial product portfolios. Steve Rodda brings an extensive background of technology and product management experience, with his early days spent as a programmer. He has maintained a consistent focus on delivering solutions to market that address customer challenges. He most recently served as chief executive officer at API design platform provider Stoplight. Prior to Stoplight, Rodda was chief operating officer at Cherwell Software (now owned by Ivanti) and led end-to-end delivery of the company’s IT service management software solutions to support customer success.  He has also held product leadership roles at SolarWinds and LOGICnow (currently owned by SolarWinds).

Interview with Steve Rodda

Ambassador Labs Secures $20M In Funding; Appoints Steve Rodda As New CEO

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