Israeli startup company ScaleOps, which is developing a cloud and AI resource management platform, announced that it has raised $130 million from investors at a valuation of over $800 million.
The capital raising round C was led by venture fund Insight Partners; All existing investors also took part in it: Lightspeed Venture Partners, Glilot Capital Partners, NFX and Picture Capital.
The total investment in the company since its founding in 2022 has exceeded $210 million.
The ScaleOps platform manages cloud and AI resources completely autonomously and in real time: it provides complete visibility into a customer’s cloud environment, makes context-aware decisions, and dynamically adapts to the unique needs of each application based on changing workloads.
Thus, each application receives exactly the amount of resources it needs at any time – automatically and without manual intervention. This frees developers and DevOps from routine manual work to focus on innovation, and provides up to 80% savings in cloud infrastructure costs.