ScaleOps, a New York and Tel Aviv, Israel-based company specializing in real-time automated cloud resource management, has raised $58 million in Series B funding.
Alongside this funding, ScaleOps is launching two new capabilities: AI-powered real-time predictive scaling and intelligent pod placement.
Investors
The round was led by Lightspeed Venture Partners, with participation from NFX, Glilot Capital Partners, and new investor Picture Capital. This brings the ScaleOps total funding to $80 million.
Lightspeed Venture Partners is a multi-stage venture capital firm with $25 billion in assets under management (AUM) globally. The firm supports disruptive innovations across the enterprise, consumer, health, and fintech sectors. Over the past two decades, Lightspeed has backed hundreds of entrepreneurs and contributed to the growth of over 500 companies worldwide.
ScaleOps Use of Funds
Founded in 2022 by Yodar Shafrir and Guy Baron, ScaleOps is a cloud resource management platform that automates the allocation of resources in real-time for cloud-native applications. The platform is designed to optimize cloud infrastructure by using AI to predict and manage resource consumption, reducing manual intervention and inefficiencies. It operates across various cloud environments (including on-premise and air-gapped setups) and provides a self-hosted, easy-to-deploy solution.
Funding Details
Company: ScaleOps Labs Ltd.
Raised: $58.0M
Round: Series B
Funding Date: November 2024
Lead Investor: Lightspeed Venture Partners
Additional Investors: NFX, Glilot Capital Partners, Picture Capital
Company Website: https://scaleops.com/
Software Category: Cloud Resource Management
Source: Lazer Cohen