Zesty, a Tel Aviv, Israel-based that developed an AI-driven cloud management platform, raised a $35 million Series A funding round led by Next47.
Joining the round as new investors are Sapphire Ventures and Samsung Next, with participation from returning investor S-Capital, and Lior Elkan’s M-Fund Club. Zesty has now raised $42 million in total since its founding in 2019.
This funding will allow Zesty to grow its team across all departments, further develop its products, and expand its offering in new strategic markets such as the US.
Company: Zesty Ltd.
Raised: $35.0M
Round: Series A
Funding Month: November 2021
Lead Investors: Next47
Additional Investors: Sapphire Ventures, Samsung Next, S-Capital, and Lior Elkan’s M-Fund Club
Company Website: https://zesty.co/
Software Category: AI-driven cloud management platform
About the Company: Zesty is the world's first AI-driven cloud management technology company that auto-scales cloud resources to fit real-time application needs. As today's cloud environments become increasingly dynamic, Zesty's automation increases cloud efficiency, improves DevOps productivity, and reduces cloud costs with zero human input. As a result, DevOps engineers no longer need to spend time on repetitive and mundane infrastructure management tasks and can enjoy the cloud's flexibility and scalability without worrying about cost or performance concerns. Zesty was founded in 2019 in Tel Aviv and is used by leading organizations such as Armis, Gong, Yotpo, and others.
Source: https://www.prnewswire.com/news-releases/zesty-raises-35-million-series-a-to-simplify-cloud-management-with-ai-driven-automation-301423912.html