Zesty raises $35 million Series A for AI-driven cloud management platform
The Israeli startup has seen revenue increase by 600% in 2021 as businesses become increasingly reliant on the cloud
CTech | 16:01 15.11.2021
Zesty, which has developed an AI-driven cloud management platform, announced on Monday a $35 million Series A funding round led by Next47. Joining the round as new investors are Sapphire Ventures and Samsung Next, with participation from returning investor S-Capital, and Lior Elkan’s M-Fund Club. Zesty has now raised $42 million in total since its founding in 2019. Zesty’s AI-driven auto-scaling technology adapts cloud resources to increase operational efficiencies, helping transform DevOps’ relationship with the cloud by removing the ongoing burden of optimization and freeing them for other tasks.
Zesty said that it has increased revenue by over 600% in 2021, with dozens of international companies among its customer base – including Israeli unicorns WalkMe, Armis, Yotpo, and Wiz.“No one wants to have to babysit the cloud, yet 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 – to the chagrin of the financial department,” said Alexey Baikov, CTO and co-founder of Zesty. “Our automation eliminates this choice, enabling teams to auto-scale infrastructure without any planning, calculating, or manual adjustments. The promise that AI holds for multi-cloud management is enormous, and we’ve barely scratched the surface of what is possible.”