Jyoti Bansal (born May 6, 1977) is an Indian-American technology entrepreneur. He founded his first company
AppDynamics in April 2008, and went on to serve as CEO until 2015. AppDynamics was purchased by
Cisco Systems
Cisco Systems, Inc. (using the trademark Cisco) is an American multinational corporation, multinational digital communications technology conglomerate (company), conglomerate corporation headquartered in San Jose, California. Cisco develops, m ...
for $3.7 billion, a day before AppDynamics was due for an
initial public offering. He later went on to start three more technology companies – Harness.io, Traceable.ai and Split.io, where he is CEO.
Early life and education
Bansal was born in India.
He grew up in a small city in the state of
Rajasthan
Rajasthan (; Literal translation, lit. 'Land of Kings') is a States and union territories of India, state in northwestern India. It covers or 10.4 per cent of India's total geographical area. It is the List of states and union territories of ...
, where he helped his father run a small farm equipment retail business. Bansal attended the
Indian Institute of Technology–Delhi, where he studied
computer science
Computer science is the study of computation, information, and automation. Computer science spans Theoretical computer science, theoretical disciplines (such as algorithms, theory of computation, and information theory) to Applied science, ...
from 1995 to 1999.
In 2000, Bansal moved to the United States to work in the technology industry in
Silicon Valley.
Career
Bansal worked for a number of Silicon Valley start-ups from 2000 to 2007. The restrictions of his work visa prevented him from creating his own
start-up company in the US
before receiving a green card.
AppDynamics
In April 2008, Bansal founded his first start-up,
AppDynamics, an
application performance management company. The company provides tools for monitoring, diagnosing and troubleshooting performance slowdowns and other
glitches in
software code. Bansal led the company as CEO for the first eight years, from its founding to September 2015, by which time AppDynamics had grown to over 900 employees.
In September 2015, Bansal became the Chairman and
Chief Strategist, handing over day-to-day operations of the company to a new CEO.
He went on to serve as the company's Chairman during its sale to
Cisco Systems
Cisco Systems, Inc. (using the trademark Cisco) is an American multinational corporation, multinational digital communications technology conglomerate (company), conglomerate corporation headquartered in San Jose, California. Cisco develops, m ...
.
In June 2016, Bansal was awarded
Ernst & Young Entrepreneur of the Year Award for Northern California.
In December 2016, AppDynamics submitted a prospectus to the
Securities and Exchange Commission on the
initial public offering (IPO) of its stock.
The company was due to open for public trade in January 2017 when a deal was reached, just days before, for the sale of the company to Cisco Systems. The final offered price of the sale totaled $3.7 billion.
BIG Labs
In October 2017, Bansal launched BIG (Bansal Innovation Group) Labs, a start-up studio, as his start-up testing ground to test out ideas and technology problems. In the same year, he launched Harness, the first start-up out of BIG Labs.
In July 2020, Bansal launched Traceable, a second start-up from BIG Labs. Bansal is CEO of both Harness and Traceable.
Harness
In October 2017, Bansal launched Harness, a platform for software developers to automate and simplify software delivery processes.
Traceable
In July 2020, Bansal launched Traceable, a cybersecurity company that provides solutions for protecting software code against sophisticated cyber-attacks.
Unusual Ventures
In May 2018, Bansal announced that he and venture capitalist John Vrionis were launching a new seed fund, called Unusual Ventures with over $500 million of capital under management.
Bansal intends to focus on mentoring early stage start-ups, partnering with nonprofits and offering frequent masterclasses for budding entrepreneurs.
References
Sources
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External links
* of
AppDynamics
Official websiteof Harness
Official websiteof Traceable
Official websiteof Unusual Ventures
{{DEFAULTSORT:Bansal, Jyoti
Living people
Silicon Valley people
American technology company founders
American people of Rajasthani descent
American people of Indian descent
1977 births
Indian emigrants to the United States