Plane, an open-source project management platform, announced that it has secured $4 million in seed funding from OSS Capital. This investment will fuel the company’s community growth and help it compete in the coveted enterprise segment.
Coinciding with the funding announcement, Plane unveiled Plane One, a first-in-open-source pricing plan for self-managed instance owners at growing companies, as per a company statement. Designed for both new and existing Plane admins at these companies, Plane One addresses the top requested features for easier instance governance, security, and performance.
“This funding validates our vision of creating a user-friendly, extensible, and affordable project management product. As a first step, Plane One is designed ground-up for growing businesses that need essential tools to manage their projects and their instances better without being locked into ongoing SaaS pricing commitments,” said Vamsi Kurama, co-founder and CEO of Plane.
Aligned with this goal, Plane One offers a one-time perpetual license for $799, with a discount of $100 for the first 100 orders. Some of the features of Plane One include:
1. One-click deploy: With just a one-line command, Plane One installs automatically in under ten minutes on most infrastructure, eliminating the need for extensive setup and customization.
2. Weekly performance and security updates: Plane One promises frequent performance and security updates, ensuring a higher service level agreement (SLA) for mitigating security risks and optimizing system performance.
“Plane’s open-core model, strong community engagement, and first-principles approach to project management deeply impressed us," said Joseph Jacks, Founder at OSS Capital. "With Plane One, they are now doubling down on their mission to be a viable, open-source, and sustainable alternative to incumbents in the industry."
Founded in November 2022 by Vamsi Kurama and Vihar Kurama, Plane is an early-stage project management software start-up that offers simple, easy cross-functional collaboration for modern teams. The company is headquartered in Delaware and India.
OSS Capital is a venture capital firm specializing in early-stage investments in commercial open-source software. They focus on supporting innovative projects that leverage open-source development models.
