A naukri.com initiative
SiliconCanals
3w
92
Image Credit: SiliconCanals
Milan-based Akamas lands €9.7M: Co-founder and CEO Luca Forni on AI-driven cloud optimisation, US expansion, and more
- Milan-based Akamas has announced that it has raised $10m in its first institutional funding led by United Ventures.
- United Ventures supports entrepreneurs ready to develop innovative products and technologies and provides funding across all the stages of new ventures including seed, early, and growth capitals.
- Akamas plans to use the funding to expand into the North American market and accelerate product development and strengthen its position as a leader in full stack optimization for cloud and Kubernetes environments.
- The funding will be used to grow its team from 10 to 35 employees in the first year focusing on engineering, sales and marketing roles in Italy and the US.
- Moreover, the company plans to establish its US office in Boston to combat brand awareness challenges.
- Akamas is an AI-driven platform for cloud and application optimisation with a focus on “application-aware” optimisation approach ensuring that cost savings do not come at the expense of application performance or reliability and vice versa.
- Akamas AI powers engine does not only rely on static rules or historical data. It continuously learns and adapts, adjusting settings based on real-time workloads.
- The company's patented technology helps organizations improve the performance of their cloud and Kubernetes environments by focusing on how applications and infrastructure work together.
- Akamas addresses security concerns through several key measures, for example, minimizing data exposure and complying with industry standards such as GDPR, SOC 2, etc.
- Akamas offers “on-premises” solutions allowing customers to apply their security standards during the optimisation process.
Read Full Article
5 Likes
For uninterrupted reading, download the app