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Next47 has led a $35 million Series A financing round for Zesty, a supplier of AI-driven cloud management services for real-time optimization. Sapphire Ventures and Samsung Next are new investors in the round, with S-Capital returning as a returning investor. Since its inception in 2019, Zesty has raised a total of $42 million.
Founded in 2019 in Tel Aviv, Israel, Zesty offers AI-driven technology that helps auto-scale cloud resources to meet real-time cloud management application requirements. With zero human involvement, Zesty’s automation would enhance cloud efficiency, boost DevOps productivity, and lower cloud expenses for today’s cloud environments. As a consequence of using Zesty’s cloud management technology, DevOps engineers can enjoy the cloud’s flexibility and scalability without worrying about cost or performance problems, as they no longer need to spend time on repetitive and monotonous infrastructure maintenance activities.
“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.”
Zesty offers disk management and auto-scaling, which reduces and grows storage volumes in real time to meet the demands of applications. This would help remove the requirement for overprovisioning and save “up to 70%” on storage expenses while reducing the risk of service degradation and system failure. Engineers would no longer need to make frequent capacity modifications as a consequence.
Zesty also enables businesses to take advantage of AWS Reserved Instances’ cost-cutting potential by automating Reserved Instance purchase and selling, as well as altering EC2 (Elastic Compute Cloud) commitments in real-time.
“Our tremendous growth and the demand for an autonomous cloud management solution speaks volumes about the utilization challenges companies face,” said Maxim Melamedov, CEO and co-founder of Zesty. “This funding will allow us to grow our team across all departments, further develop our products, and expand our offering in new strategic markets such as the US. We are excited to not only save companies money, but to help ensure business continuity and make cloud anxieties a thing of the past for DevOps teams everywhere.”
Zesty has expanded sales by over 600 percent in 2021, with dozens of worldwide firms as customers, including WalkMe, Armis, Yotpo, and Wiz.
“We are excited to be investing in Zesty, the only platform that accurately and autonomously manages cloud resources,” said Moshe Zilberstein at Next47. “Zesty ensures efficient business continuity by leveraging AI to automate mundane and repetitive cloud management tasks. We’re working closely with Zesty to expand their reach to leading cloud-native organizations around the world.”