Stampli co-founders, brothers Eyal Feldman, CEO (Right) and Ofer Feldman, CTO (Left) (Photo Business Wire)
Stampli, an Israeli startup that utilizes artificial intelligence for fintech, raised $61 million in a Series D round of funding round led by funds managed by Blackstone. The startup has now raised $148 million to date. And PerfectScale, another Israeli startup that develops a Kubernetes (K8s) Optimization and Automation platform, raised $7.1 million in Seed funding led by Blumberg Capital, bringing its total funding to $10 million.
Kubernetes, also known as K8s, is an open-source system for automating deployment, scaling, and management of containerized applications. It was originally created by Google, but is now maintained by the Cloud Native Computing Foundation.
Kubernetes enables businesses to automate a number of the manual procedures required in managing containerized applications and to handle software upgrades at a faster rate. However, if something goes wrong throughout the process, it might take DevOps teams a considerable amount of time to determine where the error occurred.
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Founded in March 2022, PerfectScale has a team of DevOps experts, product leaders, and software engineers who the company says are on a mission to “make it easy for organizations of any size to continuously optimize their Kubernetes ecosystem.” The firm boasts that its solutions empower teams to make “quick, data-driven decisions that continuously improve Kubernetes performance and availability, while bringing down costs.”
“We’ve identified staggering inefficiencies in the oversight of Kubernetes infrastructure: Businesses either overextending resources and incurring cloud costs upwards of 300% more than necessary or inadequate resource allocation resulting in service disruption,” said Amir Banet, Co-founder and CEO of PerfectScale. “Our mission is simple yet transformative – to level the playing field for optimizing Kubernetes costs and performance, turning what was once only attainable to elite DevOps and R&D teams into an accessible solution for all.”
Founded in 2014 by brothers Eyal Feldman (CEO) and Ofer Feldman (CTO), Stampli offers a complete AP automation platform that brings together accounts payable communications, documentation, and payments in one place. The company states that by centering communications on top of the invoice itself, AP departments collaborate and communicate better with approvers, vendors, and anyone involved with purchases, allowing approvals to happen 5x faster.
Stampli’s AI is called Billy the Bot. It learns an organization’s unique patterns to simplify GL and costing-related coding, automate approval and verification flows, identify duplicate invoices, and reduce time spent on manual data entry. Stampli boasts that its “flexible platform fits seamlessly into any existing processes and integrates with financial systems, including NetSuite, Sage Intacct, QuickBooks, Microsoft Dynamics, SAP, and more.”
