Zesty lands $75 million Series B for dynamic cloud infrastructure solutions
Zesty lands $75 million Series B for dynamic cloud infrastructure solutions
The Israeli startup’s solutions automatically adapt compute and storage to meet real-time business needs and allows DevOps teams to reduce cloud costs, maintain optimal app performance, and alleviate the stress of managing static infrastructure
Israeli company Zesty, which develops dynamic cloud infrastructure solutions, announced on Tuesday a $75 million Series B funding round led by B Capital and Series A investor Sapphire Ventures. Previous investors Next47 and S-Capital also participated in the round. Zesty has raised $116 million in total since its founding in 2019.
Zesty’s dynamic cloud infrastructure solutions automatically adapt compute and storage to meet real-time business needs. As a result, businesses can fulfill the promise of the cloud by gaining the flexibility they need to scale up or down. This allows DevOps teams to significantly reduce cloud costs, maintain optimal app performance, and alleviate the stress of managing static infrastructure. Zesty’s solutions require zero human input – so engineers no longer waste time monitoring, measuring, predicting, and adjusting resource allocations, and can instead focus on developing new products and features.
Zesty was founded by CEO Maxim Melamedov and CTO Alexey Baikov. The two witnessed the complex challenges of optimizing cloud usage first-hand during various points in their career and set out to develop a solution that would be a game-changer for both organizations and the cloud providers that serve them.
According to the company, its customer base has grown by 127% from 2021 to 2022 and the company has tripled its revenue since its Series A last year.
“The cloud has become the foundation for critical functions for countless companies, but more often than not, DevOps teams are stuck with static infrastructure, like discount program commitments or allocated storage volumes that waste time and money,” said Maxim Melamedov, CEO and co-founder of Zesty. “This situation is no longer tenable in today’s volatile economic environment, or any environment for that matter. DevOps teams shouldn’t be wasting their time babysitting the cloud. That’s why we’re excited to help companies save significant resources, both financial and human. This investment will help us grow our team and further develop our products to meet the exploding demand for greater cloud flexibility.”
Zesty’s customer base includes hundreds of international companies – including Heap, Gong, Yotpo, Monday, and Wiz.
