Amir Faintuch and Jonathan Amit of Volumez. (Volumez)
Volumez is an Israeli cloud-aware data infrastructure startup. The firm completed its $40 million Series A financing round led by Koch Disruptive Technologies (KDT). This additional $20 million funding comes after a first tranche of $20 million funding led by KDT in April 2023.
Founded in 2020 by CTO Jonathan Amit and led by CEO Amir Faintuch, Volumez is a Cloud Volume Orchestrator that says it is on a mission to drive cost, complexity, and risk out of modern cloud data infrastructure. Volumez boasts that the company turns public and private clouds into one easily managed data infrastructure by abstracting the complexity of data path orchestration while optimizing resource utilization.
The company’s controller-less orchestration software harnesses the power of Linux to quickly execute modern data infrastructure for data-intensive workloads using a declarative interface that makes it easy to deploy a wide variety of applications in hybrid and multi-cloud environments. Volumez will use the funds to continue to expand its customer base and grow its business operations in the U.S. and EMEA while maintaining R&D execution in Israel.
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Volumez explains a cloud database is a database built to run on a public or hybrid cloud platform. As organizations shift workloads from traditional IT environments to the cloud, they are an attractive solution for teams that want to maximize agility and developer productivity. The primary challenges with cloud databases are performance, reliability, and cost. Databases are highly sensitive to IO tail latency, and traditional cloud infrastructure typically cannot deliver the microsecond latency needed for a great user experience.
“This round of funding is a strong commitment of our existing and new strategic investors to support our business growth plans, the partnerships with the major cloud providers (Amazon Web Services, Microsoft Azure, and Oracle Cloud), and our additional customers,” said Amir Faintuch, CEO of Volumez. “This funding will enable us to broaden our cloud services to additional AI and machine learning workloads, expanding our solution offerings on the Volumez platform.”
