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ScaleOps raises $58M to accelerate Kubernetes configuration automation
- ScaleOps Labs has raised $58m in a Series B round led by Lightspeed Venture Partners, with participation from existing investors NFX and Glilot Capital Partners, and new participant Picture Capital. Since finalising its Series A round 11 months ago, the firm raised $80m overall. ScaleOps provides a cloud resource management platform that can help enterprises save up to 80% on Kubernetes application deployments costs.
- Kubernetes, an open-source container orchestration tool, is used to manage modular components of cloud-based applications. However, coordinating Kubernetes applications currently involves manually adjusting resource consumption, a process ScaleOps aims to automate with AI. Two new features being added to its platform will speed up cost savings by 50% and improve application performance.
- Kubernetes' scalability problems stem from the difficult process of managing and maintaining Kubernetes environments; the resource configurations often used are largely static and do not reflect current needs, meaning teams can spend hours adjusting them manually to ensure they avoid under or over-provisioning cloud resources consumed by their apps.
- ScaleOps automates this process with AI, allowing Kubernetes deployments to be managed and their configurations to be adjusted based on demand. This ensures every app has optimal resources to run without performance problems while maintaining cost control. The software can be integrated with cloud platforms like AWS, Microsoft Azure and Google Cloud and on-premises environments.
- New customers since the last funding round include Fortune 100 firms such as Cato Networks, SentinelOne and Wiz Inc.
- Two new capabilities added to the ScaleOps platform to accelerate cost savings include AI-powered predictive scaling in real-time and intelligent pod placement. These can additionally promote application performance while delivering up to 50% additional cloud cost savings.
- ScaleOps co-founder and CEO Yodar Shafrir said the firm aims to provide a solution that seamlessly automates cloud resource management in real-time, and added that no one in the market was solving the problem.
- David Gussarsky, from Lightspeed Venture Partners, praised ScaleOps as the clear category leader in cloud resource management and its automation abilities as a breakthrough. He added that their rapid growth over the past year underlines the critical nature of fulfilling the market's needs.
- The new funding and capabilities come just 11 months after the firm secured its Series A funding.
- ScaleOps' platform allows enterprises to save up to 80% on Kubernetes application deployment's costs.
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