Plane, an India-based open-source project management platform, has on Wednesday announced it 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 coveted enterprise segment, Plane said in a statement.

Coinciding with the funding announcement, Plane unveiled 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.

“We are thrilled to announce the closing of our funding round and the launch of Plane One,” said Vamsi Kurama, Co-founder and Chief Executive Officer of Plane.

“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 instance better without being locked into ongoing software as a service (SaaS)-pricing commitments,” he added.

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 said the firm is poised to reshape the way businesses manage their projects and workflows.

“Plane’s open-core model, strong community engagement, and first-principles approach to project management deeply impressed us,

“With Plane One, they are now doubling down on their mission to be a viable, open-source, and sustainable alternative to incumbents of the industry,” said Joseph Jacks, Founder at OSS Capital.