News Post

Tech startup Plane raises $4 Mn in Seed round

Entrackr · 6m

Plane, an open-source project management platform, has secured $4 million in a Seed round funding from OSS Capital. This investment will fuel the company’s community growth and compete in the enterprise segment. The firm has also announced the launch of Plane One, a first-in-open-source pricing plan for self-managed instance owners at growing companies. Designed for both new and existing Plane admins at these companies, Plane One addresses top requested features for easier instance governance, security, and performance. Founded in November 2022, by Vamsi Kurama and Vihar Kurama, Plane aims to simplify projects by being flexible and easy to use for teams of all sizes across industry verticals. With its first-principles approach to modern project management and strong user growth, Plane is poised to reshape the way businesses manage their projects and workflows. The company is headquartered in Delaware and India. OSS Capital is a venture capital firm specialising in early-stage investments in commercial open-source software. It has backed startups like Wasmer, BlueSky, CrabNebula, and Formbricks, among others.