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Sedai raises $20M to optimize cloud environments with AI agents
- Sedai Inc. has raised $20 million in a Series B funding round led by Atlantic Vantage Point, with participation from Norwest, Sierra Ventures, and Uncorrelated Ventures.
- The startup has experienced a sevenfold revenue growth, offering a platform that uses AI agents to optimize cloud environments, reducing costs by up to 65% for Kubernetes clusters.
- Sedai's software minimizes hardware underutilization by selecting the most efficient instance types.
- The platform highlights discounts for long-term instance rentals to help lower cloud expenses and prevent budget overruns from hardware spikes.
- Sedai's AI models anticipate traffic spikes to ensure application availability, while also identifying risks in new software updates.
- The platform functions as an analytics tool, allowing finance teams to track cloud spending by team, project, and service.
- Sedai manages over $1.2 billion in cloud spend, performing 25 million autonomous actions in customers' production environments.
- The company plans to invest the funding in product development, focusing on optimizing graphics card clusters and large language model applications.
- An AI tool for managing deployments of cloud data platforms like Snowflake is also in the works, with an expansion of the go-to-market team.
- Sedai's customer base includes Palo Alto Networks Inc., HP Inc., and other major tech firms.
- The platform aims to make cloud environments more cost-efficient and reliable, with plans for enhancing AI capabilities in cloud management.
- Sedai has a strong focus on improving cloud optimization and cost-efficiency for enterprises.
- The funding will drive innovation in product features for optimizing various cloud applications and platforms.
- The company emphasizes the importance of AI-driven solutions for managing cloud environments effectively and economically.
- Sedai's growth strategy includes expanding its product offerings and enhancing its market presence.
- The company's aim is to continue developing AI tools that provide value to customers and improve cloud operations.
- The newly raised funding will be directed towards expanding product capabilities and investing in AI technologies.
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