Datafy team (from website)
Datafy, a new Israeli startup that boasts it will redefine cloud storage optimization, raised $6 million in a Seed funding round led by global software investor Insight Partners. Datafy said it will use the funds to make cloud storage cost-effective and manageable for companies, navigating the complexities of the digital age.
Businesses and individuals can use cloud storage to save files, back up data, and access information from anywhere with an internet connection.
Cloud storage can be easily scaled up or down to meet any organization’s needs through accessibility, users can access their data from anywhere with an internet connection.
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It is also more cost-effective than on-premises storage, especially for businesses with variable storage needs and it offers a variety of security features to protect your data.
The cloud storage sector is experiencing rapid growth, driven by an exponential increase in data generation due to the growth in AI adoption and the general widespread adoption of cloud technologies, Datafy explained. The global cloud storage market is projected to grow from $132.03 billion in 2024 to $665.00 billion by 2032, at a CAGR of 22.4% during the forecast period.
Because of these rapid changes, companies face significant challenges, with a primary one being managing rising costs, Datafy addresses these issues head-on, offering up to 50% savings on storage costs and providing a self-optimizing, developer-independent solution.
Founded by Zivan Ori (CEO), Yoav Ilovich (CPO), and Ziv Serlin (COO), Datafy leverages four data sources – geolocation, credit card, vehicle and demographics – communities can provide valuable insights to stakeholders and build advertising and marketing strategies from destination stewardship to tourism awareness.
However, Datafy already has a lot of competition out there. Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP) and Dropbox are just a few of the big players that already dominate the market.
Zivan Ori, CEO of Datafy said “Our mission is clear – to give Finops and Devops teams the control they deserve with no effort or big changes to the system. With Datafy, we’re not just saving money; we’re transforming how businesses manage their data in the cloud. Today’s funding news is the next step in our journey as we continue to grow.”
