Zesty is raising $ 35 million to help control the cost of the cloud

Zesty, a company that offers a tool for automatically scaling and reducing cloud resources to keep cloud costs in check, announced a $ 35 million round of funding in Series A.

The company tackles the increasingly controversial problem of keeping cloud-based applications running without paying too much. Competitors like Kubecost and Cloudability already offer software packages that focus on tracking expenses for executives. Zesty’s tool also tracks usage and adjusts real – time allocation of disk space and disk space so that it’s large enough to handle the current load but small enough to prevent the budget from exploding.

While Amazon AWS and other cloud providers offer ways companies can control costs, Zesty says they use artificial intelligence to automate repetitive cloud management tasks, an approach that gets more attention as developers look for smart solutions, and CFOs seek to control budgets.

Relieve the human burden

“We started Zesty to serve our own purposes,” said Maxim Melamedov, CEO and co-founder of Zesty. “My co-founder was in charge of cloud infrastructure. He was the guy who woke up in the middle of the night where he wanted to receive warnings from surveillance tools that you know’s *** are about to hit the fan ‘. “

They built the tool to let sysadmins sleep at night. It handles adjustments automatically and estimates the time it takes to screw up and close resources and plan accordingly. The tool works with AWS, manages a mix of reserved deposits and hits the marketplace to buy or liquidate deposits as needed. Zesty estimates that this flexibility to buy and sell can automatically halve cloud bills.

The tool can also minimize the amount of disk space allocated to individual machines. Often, the cost of local disk space can be a significant part of the cost of an AWS instance. Zesty’s tools maintain a collection of pre-allocated disks and assign them to machines when the process requires more space.

“Basically, what we do today is remove the stress from the pager and in some cases eliminate the need to wake up in the middle of the night,” Melamedov said. “We also removed some of the work for the CFO.”

Zesty was founded in 2019 and is currently headquartered in Tel Aviv. The new funding round was led by Next47. Early investor S-Capital returns with company of Sapphire Ventures and Samsung Next. The new financing brings the total investment to $ 42 million.

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