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- Revel
Revel Valuation, Funding & Investors
Revel is valued at $1B as of February 2026.
Last Revel valuation
$1B
Series B · Feb 2026
Last Revel funding round
$150M
Series B · Feb 2026
Cumulative funding Revel raised
$164M
across 3 funding rounds
Key investors in Revel
Felicis
Abstract
Thrive Capital
Dylan Field
Index Ventures
Redpoint
About Revel
Revel is a US-based platform for hardware orchestration, featuring a runtime engine, domain-specific language for control logic, and web-based interfaces. Founded in 2018, the San Francisco-headquartered company targets robotics and industrial automation, enabling deployment on devices like NVIDIA Jetson and Raspberry Pi. Revel integrates with ROS2 for real-time execution, serving developers in warehouse logistics and drone swarms.
Founded
2024
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$1B (Feb 2026)
Revel Valuation
Revel is currently valued at $1B, based on its Series B in February 2026.
The $150M round was led by Index Ventures, with participation from Redpoint, Felicis, Dylan Field, Abstract and Thrive Capital.
Revel's valuation has moved from $1B at its Series A in April 2025 to $1B in February 2026, across 3 priced rounds.
Revel valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Feb 2026 | Series B | $1B |
| Apr 2025 | Seed | $1B |
| Apr 2025 | Series A | $1B |
Revel Funding History
Revel has raised a total of $164M across 3 funding rounds.
Revel's first fundraising round was a $7M Series A in April 2025. The most recent completed round was a $150M Series B in February 2026.
Revel funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2026 | Series B | Index Ventures (lead); Redpoint; Felicis; Dylan Field; Abstract; Thrive Capital | $150M | $1B | Revel is a unified software platform for hardware test and command and control systems, founded by engineers from SpaceX, Anduril, and Palantir. It modernizes legacy software stacks for complex physical systems in aerospace, defense, robotics, advanced energy, and industrial sectors like nuclear facilities, oil and gas refineries, water treatment plants, power stations, data centers, and biomedical manufacturing. The platform enables faster development, deployment, and monitoring with features like browser-based collaboration, live telemetry, safe command execution, and RevelCode for deterministic control. On February 26, 2026, Revel raised $150 million in a Series B funding round led by Index Ventures, with participation from Redpoint Ventures, Thrive Capital, Felicis, Abstract Ventures, and angel investor Dylan Field. The round valued the company at $1.005 billion post-money, achieved just 15 months after founding, and was described as a preemptive 'afterburner round' to scale operations aggressively. Funds will support team expansion, product development, and broader market deployment beyond initial aerospace testing into industrial control applications. Revel has demonstrated strong early traction, with deployments at customers like Impulse Space, Radiant Nuclear, Astro Mechanica, and K2 Space. At Impulse's rocket engine test site, Revel increased testing frequency from once every other day to multiple times per day—a five to ten times throughput improvement—and reduced engine test stand setups from 14 days to 8 hours. Impulse runs over 80 instances of RevelTest. The company reports approximately 1,000 pilots completed with 100% conversion to customers and high satisfaction, reducing reliance on specialized experts as intern-level engineers onboard quickly. This funding signals investor conviction in Revel's potential to define a new category in software-defined hardware infrastructure amid rapid scaling of venture-backed hardware companies. Index Ventures' Nina Achadjian joined the board, emphasizing Revel's role in enabling autonomous, software-driven hardware operations. The round positions Revel as core infrastructure for rebuilding industrial capabilities in the U.S. across key sectors. |
| Apr 2025 | Seed | Abstract (lead); Felicis (lead); Commodity Capital; Dylan Field; Earthrise Ventures | $7M | $1B | Revel develops a unified software platform for hardware test and command and control systems, modernizing legacy control stacks with deterministic, observable, and scalable infrastructure. The company emerged from stealth to replace outdated systems in critical hardware applications, such as engine testing that is 10x faster and propellant load sequences for SpaceX's Falcon 9 and Starship. Revel raised $150 million in Series B funding at a $1.005 billion post-money valuation, just 15 months after founding. Index Ventures led the round, with participation from Redpoint Ventures, Thrive Capital, Felicis, Abstract Ventures, and Dylan Field. The funding supports scaling Revel's platform for industrial innovation in software-defined physical systems. Revel's technology addresses high-stakes environments like T-1 countdowns where code perfection is essential, drawing lessons from leaders like Elon Musk and Figma CEO Dylan Field on pushing engineering limits and maintaining speed at scale. |
| Apr 2025 | Series A | Thrive Capital (lead); Felicis; Abstract | $7M | $1B | Revel develops a unified software platform for hardware test and command and control systems. The company emerged from stealth with $30 million in seed funding. Revel has expanded to leading hardware startups including Impulse, Radiant, Astro Mechanica, and K2 Space, completing approximately 1,000 pilots with strong conversion rates and high customer satisfaction. Revel raised $150 million in a Series B funding round at a $1.005 billion post-money valuation, just 15 months after founding. Index Ventures led the round, with participation from Redpoint Ventures, Thrive Capital, Felicis, Abstract Ventures, and Dylan Field. The funding reflects high conviction from investors following product demonstrations, aimed at modernizing legacy control stacks for rapidly scaling hardware companies. Revel positions itself to replace outdated tooling in hardware systems with deterministic, observable, and scalable infrastructure, potentially becoming foundational for software-defined industrial innovation. |
Who has invested in Revel?
8 investors have backed Revel across its funding rounds, including Felicis, Abstract, Thrive Capital, Dylan Field, Index Ventures and Redpoint.
Lead investors include Index Ventures, Abstract, Felicis and Thrive Capital.
Revel Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Apr 2025 | ||
| 3 | Lead | Apr 2025 | ||
| 2 | Participant | Apr 2025 | ||
| 2 | Lead | Apr 2025 | ||
| 1 | Participant | Feb 2026 | ||
| 1 | Lead | Feb 2026 | ||
This data is available for Pro users. Sign up to see all 8 Revel investors. Start Free Trial | ||||
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Start Free TrialRevel Competitors
Revel competitors include listed companies like Qt Group and Polaris Holdings, and private ones like Augury, Periodic Labs, Motive and Vention.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $249M | $62M | $969M | 3.9x | ||
| Private | $100M | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | $600M | - | $1.2B | - | ||
| Private | $73M | - | $1.2B | 16.4x | ||
| Publicly listed | $312M | $45M | $283M | 1.3x |
Revel Public Comps
Revel is still privately-owned, but its public comps include Vitec Software, Qt Group, GuoChuang Software, Shenzhen Tianyuan Dic, PSI Software, Imdex, Breton Technology, Zwsoft, Horizon Quantum and Shenzhen Sunwin.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $371M | $151M | 3.7x | 3.5x | 9.1x | 9.0x | |||
| $249M | $62M | 4.3x | 3.9x | 17.3x | 16.0x | |||
| $220M | ($17M) | 4.8x | - | (60.4x) | - | |||
| $1.4B | $42M | 0.9x | - | 28.6x | - | |||
| $329M | ($7M) | 2.6x | 2.5x | (127.4x) | 51.0x | |||
| $370M | $94M | 3.7x | 3.6x | 14.6x | 11.4x | |||
| $116M | ($37M) | 7.1x | 4.7x | (22.1x) | (68.3x) | |||
| $133M | $12M | 7.4x | 6.9x | 79.9x | 49.1x | |||
This data is available for Pro users. Sign up to see all Revel competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Revel
| When was Revel founded? | Revel was founded in 2024. |
| Where is Revel headquartered? | Revel is headquartered in Los Angeles, CA, United States. |
| Is Revel publicly listed? | No, Revel is a private, VC-backed company. |
| What is Revel's valuation? | Revel was last valued at $1B in its Series B in February 2026. |
| How much funding has Revel raised? | Revel has raised $164M across 3 funding rounds. |
| What was Revel's last funding round? | Revel's last funding round was a $150M Series B in February 2026, led by Index Ventures. |
| Who are Revel's investors? | Revel's investors include Felicis, Abstract, Dylan Field, Thrive Capital, Redpoint, Index Ventures, Commodity Capital and Earthrise Ventures. |
| Which companies are comparable to Revel? | Companies comparable to Revel include Qt Group, Augury, Periodic Labs, Motive, Vention and Polaris Holdings. |
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