Yodar Shafrir (CEO), and Guy Baron (CTO), ScaleOps (company pic)
ScaleOps is an Israeli startup offering a real-time resource management platform that fully automates production environments’ cloud resources. The firm raised $58 million in a Series B funding round led by Lightspeed Venture Partners, with participation from returning investors NFX and Glilot Capital Partners, and new investor Picture Capital. ScaleOps has raised a total of $80 million in funding to date.
Alongside the funding, ScaleOps is launching two new capabilities: AI-powered real-time predictive scaling and intelligent pod placement, which together can deliver up to 50% in additional cloud cost savings and improve application performance.
Cloud-native production environments often host hundreds, if not thousands, of diverse applications. Each application, with its unique business needs and fluctuating resource consumption, demands constant manual adjustments to keep pace with changing demands. This manual approach leads to significant inefficiencies, resulting in millions of dollars in wasted cloud resources and compromising application performance and reliability. The friction between application owners, responsible for manual resource tuning, and DevOps teams, tasked with maintaining optimal resource allocation, further exacerbates the problem.
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Founded in 2018 by by Yodar Shafrir (CEO), and Guy Baron (CTO), ScaleOps helps B2B high-tech companies scale their sales and increase revenues by using the “right sales processes, strategies, and technology.
ScaleOps boasts that the firm is the “industry-first Kubernetes Optimization Platform” that automatically adjusts Compute Resources to changes in real-time, streamlining a new Kubernetes experience for engineering teams.
Kubernetes, also known as K8s, is an open-source system for automating the deployment, scaling, and management of containerized applications.
“We realized that no one in the market was solving the problem; they were just providing visibility and bringing awareness to it. The process of resource allocation was still completely broken. The only way to solve the problem was to provide a solution that would seamlessly automate cloud resource management in real-time.” said Yodar Shafrir, ScaleOps co-founder and CEO.
The ScaleOps platform is self-hosted and runs on any cloud provider, on-premise, or air-gapped environment. Installation takes just two minutes. It audits your cloud infrastructure, in read-only mode to instantly reveal potential cost savings before activating automation with a single click of a button.
“Using our real-time automation, we are empowering companies to free their R&D teams to focus on innovation while reducing their cloud costs dramatically and improving their application’s performance and reliability, a win-win situation,” said Shafrir. “We’re rapidly evolving to additional fields, and this funding will enable us to accelerate our mission, scaling our platform and team to meet the growing needs of organizations managing cloud-native resources worldwide.”
