Zesty, the developer of an AI-powered cloud management platform, announced a $35 million Series A fundraising round headed by Next47 on Monday. Sapphire Ventures and Samsung Next have joined the round as new investors, with participation from returning investor S-Capital and Lior Elkan’s M-Fund Club. Since its inception in 2019, Zesty has raised a total of $42 million.
Zesty’s AI-driven auto-scaling technology adapts cloud resources to boost operational efficiencies, assisting DevOps in transforming their relationship with the cloud by reducing the continuing burden of optimization and freeing them up for other duties.
founded in 2018 by CEO Maxim Melamedov and CTO Alexey Baikov who have seen firsthand the complicated issues of maximizing cloud utilization at various periods in their careers. The two set out to create a solution that would be a game-changer for both enterprises and the cloud providers who support them.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at firstname.lastname@example.org.
Zesty claims to have expanded sales by more than 600% in 2021, with hundreds of multinational firms among its customers, including Israeli startups WalkMe, Armis, Yotpo, and Wiz.
“No one wants to have to babysit the cloud,” said Alexey Baikov, CTO and co-founder of Zesty. “However, cloud resource management has become a huge burden on DevOps teams, who, given the choice between stability, performance, and cost-efficiency, almost always prioritize stability and performance – much to the chagrin of the financial department.”
“Our automation eliminates this option by allowing teams to auto-scale infrastructure without the need for planning, calculating, or manual adjustments.” The promise of AI in multi-cloud management is huge, and we’ve only scratched the surface of what’s possible.”
Zesty offers disk management and auto-scaling, which lowers and grows storage volumes based on real-time application requirements. This eliminates the need for overprovisioning and decreases storage costs by up to 70%, all while avoiding service degradation and system failure risks.
“Our phenomenal growth and demand for an autonomous cloud management solution says eloquently about the utilization difficulties that businesses confront,” stated Maxim Melamedov, CEO and co-founder of Zesty. “With this finance, we will be able to expand our workforce across all departments, further improve our goods, and expand our offering in new strategic markets like the United States.”