Israel-based ScaleOps, the leader in real-time automated cloud resource management, has raised $58 million in funding in a Series B round led by Lightspeed Venture Partners, with participation from returning investors NFX and Glilot Capital Partners, and new investor Picture Capital.
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The round comes just one year after its series A, following tremendous business growth for the company, bringing its total funding to $80M. Alongside the funding, ScaleOps is launching two new capabilities: AI-powered real-time predictive scaling and intelligent pod placement, which together can deliver up to 50% in additional cloud cost savings and improve application performance.
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The funding will grow the company’s operations and development initiatives.
“We realized that no one in the market was solving the problem; they were just providing visibility and bringing awareness to it. The process of resource allocation was still completely broken. The only way to solve the problem was to provide a solution that would seamlessly automate cloud resource management in real-time.” said Yodar Shafrir, ScaleOps co-founder and CEO.
The ScaleOps platform is self-hosted and runs on any cloud provider, on-premise, or air-gapped environment. Installation takes just two minutes. It audits your cloud infrastructure, in read-only mode to instantly reveal potential cost savings before activating automation with a single click of a button.
“Using our real-time automation, we are empowering companies to free their R&D teams to focus on innovation while reducing their cloud costs dramatically and improving their application’s performance and reliability, a win-win situation,” said Shafrir. “We’re rapidly evolving to additional fields, and this funding will enable us to accelerate our mission, scaling our platform and team to meet the growing needs of organizations managing cloud-native resources worldwide.”
Today, ScaleOps introduces two new capabilities: predictive horizontal pod auto-scaling, which uses AI to forecast application loads for real-time scaling, ensuring peak performance and efficient scaling down during low demand. Additionally, intelligent pod placement that optimizes resource allocation by considering application constraints and cluster status, reducing the number of active nodes required. Together, these innovations deliver an estimated 50% additional cost savings and improved application performance.
“ScaleOps is positioned as the clear category leader in cloud resource management, tackling head-on what we see as the most critical challenge in the cloud-native landscape,” said David Gussarsky, Partner at Lightspeed Venture Partners. “As the only real-time, fully automated solution trusted by large enterprises in their production environments, ScaleOps addresses one of the most pressing challenges in cloud-native infrastructure today. With organizations facing pressure to control cloud costs while also improving performance, ScaleOps’ automation is a breakthrough, and their rapid growth this past year underscores the critical need they are fulfilling in the market.”
About ScaleOps
Founded in 2022 by Yodar Shafrir (CEO) and Guy Baron (CTO), ScaleOps is the industry-first Kubernetes Optimization Platform that automatically adjusts Compute Resources to changes in real-time, streamlining a new Kubernetes experience for engineering teams.
