Reducing cloud costs by over 50%, Zesty helps companies balance cost and performance needs. Skyrocketing demand for its technology has led to 600% revenue growth this year.
Zesty, a provider of AI-driven cloud management technologies for real-time optimization, today announced 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. Zesty has now raised $42 million in total since its founding in 2019.
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As businesses become increasingly reliant on the cloud, the dynamic nature of cloud infrastructure and the difficulty of accurately predicting future cloud requirements has strained countless organizations and their DevOps teams both financially and operationally. Zesty’s AI-driven auto-scaling technology eliminates the tradeoff between cloud performance and cost-efficiency, freeing engineers from time-consuming cloud management tasks, and guaranteeing stability and performance while slashing costs. Zesty’s solutions autonomously adapt cloud resources to increase operational efficiencies, helping transform DevOps’ relationship with the cloud by removing the ongoing burden of optimization and freeing them to do what they do best.
“No one wants to have to babysit the cloud, yet cloud resource management has become a huge burden on DevOps teams, who, given the choice between stability, performance, and cost-efficiency, almost always prioritize stability and performance – to the chagrin of the financial department,” said Alexey Baikov, CTO and co-founder of Zesty. “Our automation eliminates this choice, enabling teams to auto-scale infrastructure without any planning, calculating, or manual adjustments. The promise that AI holds for multi-cloud management is enormous, and we’ve barely scratched the surface of what is possible.”
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Zesty provides disk management and auto-scaling that shrinks and expands storage volumes according to real-time application needs. This eliminates the need for overprovisioning and reduces storage costs by up to 70%, all while preventing the risks of service degradation and system failure. As a result, engineers no longer need to make constant capacity adjustments. Zesty also empowers companies to take advantage of the cost-saving potential of AWS Reserved Instances by automating the purchasing and selling of Reserved Instances and adjusting EC2 (Elastic Compute Cloud) commitments in real-time. This leads to average savings of 50% from On-Demand Instance prices and saves countless engineering hours previously spent calculating, predicting, and purchasing these commitments.
“Our tremendous growth and the demand for an autonomous cloud management solution speaks volumes about the utilization challenges companies face,” said Maxim Melamedov, CEO and co-founder of Zesty. “This funding will allow us to grow our team across all departments, further develop our products, and expand our offering in new strategic markets such as the US. We are excited to not only save companies money, but to help ensure business continuity and make cloud anxieties a thing of the past for DevOps teams everywhere.”