Couldn’t attend Transform 2022? Check out all the top sessions in our on-demand library now! Look here.
The cloud wave has been on the rise for a while now. According to Palo Alto Networks, nearly 70% of organizations currently host more than half of their workloads in the cloud, and overall adoption has grown 25% in the past year.
A major reason behind the rapid adoption of the cloud is its ability to reduce IT infrastructure costs. In the cloud, IT leaders and devops teams can easily adapt computing resources to their unique business requirements and reduce wasteful spend. The benefit is significant, especially for someone coming out of on-site infrastructure, but it also remains marred by certain gaps.
In essence, more often than not, teams are stuck with static cloud infrastructure, such as discount program commitments or dedicated storage volumes. This causes them to struggle to keep resources in line with the fast pace of the modern business environment – ultimately impacting application performance.
“Devops engineers are stuck in the middle – trying to fit this dynamic reality into a rigid infrastructure. They face constraints such as discount program commitments, preset storage volume capacity, CPU and RAM, all of which cannot be continuously adapted to the changing environment. question,” said Maxim Melamedov, the CEO and co-founder of Israel-based Zesty. “This results in countless wasted engineering hours predicting and manually adjusting the cloud infrastructure, as well as billions of dollars wasted every year.”
MetaBeat will bring together thought leaders to offer advice on how metaverse technology will change the way all industries communicate and do business October 4 in San Francisco, CA.
Automated Cloud Infrastructure Management
Founded in 2019, spicy minimizes the constant hassle of manually managing resources by providing a suite of tools that automate cloud resource optimization tasks. The company announced today that it has raised $75 million in a Series B round led by B Capital and Sapphire Ventures.
“Zesty breaks the inefficient cycle with dynamic cloud infrastructure. This new way of working with infrastructure enables customers to automatically scale cloud resources to optimally match application demand at any time and immediately adapt to any changes,” said Melamedov. “This enables businesses to dramatically reduce cloud costs, maintain perfect app performance, and minimize the stress of configuring infrastructure.”
The company offers compute, block storage and Kubernetes offerings. It automatically manages and scales disk space by shrinking and expanding storage volumes based on real-time application needs. This eliminates the need for overprovisioning and can reduce storage costs by up to 70%, while avoiding the risk of service degradation and system failure.
“Zesty also enables businesses to capitalize on the cost-saving potential of AWS Reserved Instances by automating the purchase and sale of Reserved Instances and adjusting EC2 (eastic compute cloud) commitments in real time,” said Melamedov. “This results in an average savings of 50% over on-demand instance pricing.”
The offering has seen demand from hundreds of companies since launch, including Heap, Firebolt, Singular, Gong, Grubhub, Yotpo, Monday, and Wiz. Especially Heap was able to use Zesty to increase coverage for reserved instances to 95% and save more than $1 million per year.
How Zesty will use its new funding
With this round, which brings Zesty’s total capital to $116 million, the company plans to focus on launching new products and features, including dynamically scaling container resources based on usage demand. This eliminates the need to predict and regularly check the CPU and RAM for K8 clusters, supporting application performance and keeping costs low and efficient. The company has seen its sales grow by more than 300% in the past year – with almost zero churn.
While there are other players helping out with cloud challenges, including Spot Cloud Analyzer, Nutanix Beam, CloudHealth, and Amazon CloudWatch, Zesty claims to be the only one that wants to solve all the problems associated with cloud infrastructure and its management.
“We are pioneering the creation of solutions that enable a truly dynamic cloud infrastructure, and we are way ahead of other companies that offer specific solutions to individual cloud management challenges,” said Melamedov.
According to Anodot, a business monitoring company, nearly half of businesses find it difficult to control cloud costs and 54% believe their primary source of cloud waste is a lack of understanding of cloud usage.
The mission of VentureBeat is a digital city square for tech decision makers to gain knowledge about transformative business technology and transactions. Discover our briefings.