Nearly every company relies on the cloud for critical business functions, a reliance that can rapidly increase costs depending on the scale of their digital infrastructure. 

The seemingly endless growth of the enterprise cloud has vaulted tech giants like Amazon, Microsoft, and Google into the trillion-dollar club. 

Now, businesses are starting to think about how to manage and optimize their cloud environments. ScaleOps, a Tel Aviv-based cloud startup, does exactly this: enabling organizations to focus on their core business objectives and reducing costs by up to 80%. 

Since its founding in 2022, ScaleOps has experienced rapid growth worldwide. Today, it helps dozens of industry leaders including Wiz, PayU, Orca Security, Outbrain and others. 

We led their seed round, and now ScaleOps is announcing a $15M Series A from Lightspeed Venture Partners, with participation from NFX, Glilot Capital Partners, and others, bringing their total funding to $21.5 million. 

Here’s why we’ve backed them from the start:

1. ScaleOps Platform

There’s a new saying in tech circles: “data is the new oil.” If that’s the case, then the cloud is the new oil tanker, pipeline, storage facility, truck, and gas station. 

In 2023, the enterprise cloud industry was worth $500 billion, and is expected to reach more than $1 trillion by 2028. Nearly every connected business in the world relies on the cloud in one way or another. 

If ScaleOps could help businesses save even 5% on their cloud spend, thats billions in savings. And ScaleOps platform delivers far more: saving companies as much as 80% in cloud costs. 

2. Businesses’ Expensive and Inefficient Use of Kubernetes

Inefficient Kubernetes optimization causes a number of problems for companies including higher costs, wasted engineering time, lower performance, and decreased reliability.

As Kubernetes environments become more complex, optimizing them manually can become increasingly difficult, time-consuming, and error-prone. Engineers spend countless hours manually adjusting cloud resources to meet fluctuating demand, trying to avoid under or overprovisioning. The result is millions of dollars wasted on unused resources or poor application performance issues during peak demand.

ScaleOps’ Platform

ScaleOps is the first fully automated platform that addresses these issues by using machine learning to optimize cloud resources in real time, ensuring applications scale with demand. This improves efficiency, cuts costs, and boosts reliability.

3. All Star Team

ScaleOps has an all star team. 

CEO and co-founder, Yodar Shafrir, previously led the software team at Run AI, and has experience in the K8s space. He is joined by Guy Baron, co-founder and CTO, who previously served as Head of R&D at Wix, a leading cloud-based website building company where he saw first hand the challenges and expenses of building massive web infrastructure in the cloud. 

Together they built a veteran team of superstars, with experience from NetApp, Wix, Amazon, Facebook, Cloudinary, and others. 

The ScaleOps’ Team

To learn more about how the ScaleOps platform can lower your cloud spend, visit: https://scaleops.com/