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The cloud wave has been on the rise for a while. Based on Palo Alto NetworksNearly 70% of organizations now host more than half of their workloads in the cloud, and overall adoption has seen 25% growth over the past year.
A big reason behind rapid cloud adoption is the opportunity to reduce IT infrastructure costs. In the cloud, IT leaders and development teams can easily size computing resources to fit their unique business requirements and cut wasteful spending. The benefits are substantial, especially for someone coming from the infrastructure in place, but it’s also plagued by certain gaps.
Essentially, more often than not, teams are stuck with static cloud infrastructure, like commitment to rebates or allocated storage. This makes it difficult for them to keep resources relevant to the rapid pace of modern business environments – and ultimately affects application performance.
“Devops engineers are stuck in the middle – trying to bring this dynamic reality into rigid infrastructure. They face limitations such as commitment to discounts, reserved storage, CPU and RAM, all of which cannot constantly adjust to changing needs,” said Maxim Melamedov, CEO. and co-founder of Israel-based Zesty. “This leads to countless technical hours wasted trying to manually predict and tune the cloud infrastructure, as well as billions of dollars thrown away every year.”
Automated management of cloud infrastructure
Established in 2019, Zesty Reduce the ongoing hassle of manually managing resources by providing a set of tools that automate cloud resource optimization tasks. The company today announced it has raised $75 million in a series B round led by B Capital and Sapphire Ventures.
“Zesty is breaking the cycle of inefficiency with dynamic cloud infrastructure. This new way of working with infrastructure allows customers to dynamically scale their cloud resources to optimally meet application needs at any given time, and to adapt instantly to any changes. when they happen,” said Melamedov. “This allows businesses to significantly reduce cloud costs, maintain flawless application performance, and minimize the pressure of configuring infrastructure.”
The company provides services for computation, block storage and Kubernetes. It manages and dynamically adjusts disk space by shrinking and expanding storage capacity according to real-time application needs. This eliminates the need for over-provisioning and can reduce storage costs by up to 70%, while preventing the risk of service degradation and system failure.
“Zesty also empowers companies to leverage the cost-saving potential of AWS reserved instances by automating the buying and selling of reserved instances and aligning EC2 (cloud computing) commitments. elastic) in real time,” says Melamedov. “This results in an average savings of 50% from on-demand instance pricing.”
The offering has seen demand from hundreds of businesses since its launch, including Heap, Firebolt, Singular, Gong, Grubhub, Yotpo, Monday and Wiz. In particular, Heap was able to use Zesty to increase its reserved instance protection coverage to 95% and save more 1 million dollars annually.
How will Zesty use its new capital?
With this ring, need Total capital of Zesty Raised to $116 million, the company plans to focus on launching new products and features, including dynamically scaling container resources on demand. This will eliminate the need to forecast and regularly monitor CPU and RAM for K8 clusters, aiding application performance and keeping costs lean and efficient. The company has seen its revenue grow by more than 300% in the last year – almost zero.
While there are other players helping with the challenges in the cloud, including Spot Cloud Analyzer, Nutanix Beam, CloudHealth, and Amazon CloudWatch, Zesty claims to be the only one looking to solve all problems related to the cloud. cloud infrastructure and its management.
“We are breaking new ground in creating solutions that enable truly dynamic cloud infrastructure, and we are far ahead of other companies that offer solutions specific to this,” said Melamedov. individual cloud management issues,” said Melamedov.
According to the business monitoring company Anodotenearly half of businesses have difficulty controlling cloud costs, and 54% believe their main source of cloud waste is lack of visibility use the cloud.
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