Israeli company for automated real-time cloud resource management ScaleOps Today it announced the completion of a $58 million Series B funding round led by Lightspeed Venture Partners, with participation from previous investors NFX and Gillot Capital Partners, and new investor Picture Capital. This brings the total amount raised by the company to $80 million.
Meanwhile, ScaleOps announced the launch of two new capabilities: AI-powered real-time predictive scaling and Intelligent Pod Mode, which together can provide up to 50% additional cloud cost savings and improved application performance.
ScaleOps optimizes resources with its fully automated, real-time, AI-powered cloud resource management platform. By providing customers with a context-aware platform that enhances the end-to-end view of the stack and takes into account the needs of each application, ScaleOps removes organizational friction between application owners and DevOps teams by fully automating resource allocation to meet real-time demand.
ScaleOps was founded in 2022 by CEO Yodar Shafrir and CTO Jay Baron.
“We realized that no one in the market was solving the problem; they were just presenting the vision and spreading awareness,” Shaffer said. “The resource allocation process was still completely broken. The only way to solve the problem was to provide a solution.” This will seamlessly automate cloud resource management in real-time.”
The ScaleOps platform is self-hosted and runs on any cloud provider, on-premises or isolated environment. Installation takes only two minutes. It audits cloud infrastructure, in read-only mode to instantly detect potential cost savings before activating automation with the click of a button.
“By using real-time automation, we are enabling companies to free up their R&D teams to focus on innovation while significantly reducing their cloud costs and improving the performance and reliability of their applications, which is a win-win situation,” Schaffrer added. “We are rapidly evolving into additional areas, and this funding will enable us to “Accelerating our mission, scaling our platform and team to meet the growing needs of organizations managing cloud-native resources around the world.” In less than a year since the product was first launched, ScaleOps has seen rapid growth around the world. Today, ScaleOps automatically manages the production environments of Fortune 100 companies and industry leaders like Wiz, Outreach, SentinelOne, Maxar, Playtika, Orca Security, Cato Networks, and dozens of others.
Published by Globes, Israel Business News – en.globes.co.il – on November 12, 2024.
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