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Home > Cloud Computing > Zesty raises $35M to simplify cloud management

Zesty raises $35M to simplify cloud management

Zesty announced that the company has raised a $35 million Series A funding round led by Next47.

Erdem Yasar by Erdem Yasar
November 16, 2021
in Cloud Computing
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AI-driven cloud management technologies provider, Zesty announced a $35 million Series A funding round led by Next47. Sapphire Ventures and Samsung Next are joined as the new investors with participation from returning investor S-Capital. The latest funding round brings the company’s total funding to $42 million since its founding in 2019.

$42 million in total

Maxim Melamedov, CEO and co-founder of Zesty
Maxim Melamedov, CEO and co-founder of Zesty

Zesty’s solution aims to eliminate the tradeoff between cloud performance and cost-efficiency. It also frees engineers from cloud management tasks while guaranteeing stability and performance. Zesty’s disk management and auto-scaling capabilities shrink and expand storage volumes according to application needs.

It also allows users to eliminate the need for overprovisioning, thus reducing storage costs while preventing service degradation and system failure risks. Maxim Melamedov, CEO and co-founder of Zesty, said,

« Our tremendous growth and the demand for an autonomous cloud management solution speaks volumes about the utilization challenges companies face. 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. »

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Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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