ScaleOps, a startup specializing in cloud resource management, has raised $21.5 million in Seed and Series A funding.
SaaS Investors
The rounds were led by Lightspeed Venture Partners, NFX, and Glilot Capital Partners.
Founded in 2000, Lightspeed Venture Partners is a venture capital firm based in Menlo Park, California. The firm has regional offices in Israel, India, China, Southeast Asia, and Europe. Lightspeed invests in seed, early, and growth-stage companies in the enterprise, health, fintech, and consumer sectors.
NFX Capital is a venture capital firm based in San Fransisco, California. The firm has additional offices in Herzliya, Israel, and Palo Alto, California. Founded in 2015, the firm seeks to invest in healthcare, information technology, gaming, web3, property technology, space, marketplaces, and fintech sectors across Latin America and Israel.
Glilot Capital is a seed and early-stage venture fund that invests in artificial intelligence, cybersecurity, and big data companies. The fund is located in Herzliya Pituach, Israel, and will invest in Israel.
ScaleOps Use of Funds
The company will use the funding to support the company's global expansion to the US and Europe.
About ScaleOps
ScaleOps was founded in 2022 by Yodar Shafrir and Guy Baron and is on a mission to automate the management of cloud environments, enabling organizations to focus on their core business objectives and dramatically reduce cloud costs. The company offers a fully automated cloud-native resource orchestration platform to help companies achieve cloud cost savings and deliver better-running applications. ScaleOps' platform is designed to manage cloud-native environments during runtime, automatically optimizing and right-sizing resources based on real-time demand.
Funding Details
Company: ScaleOps Labs Ltd.
Raised: $21.5M
Round: Seed and Series A
Funding Month: December 2023
Lead Investors: Lightspeed Venture Partners, NFX, and Glilot Capital Partners
Additional Investors:
Company Website: https://scaleops.com/
Software Category: Cloud Resource Management
Source: Ronny Hassid