[Funding news] NYC-based ScaleOps Secures $58Million in Series B Round Funding

ScaleOps, a company that automates real-time cloud resource management, has raised $58 million in Series B funding. The round was led by Lightspeed Venture Partners, with support from returning investors NFX and Glilot Capital Partners, along with new investor Picture Capital.

The company plans to use the funds to expand its operations and further develop its platform. Founded by Yodar Shafrir and Guy Baron, ScaleOps provides an AI-driven, automated cloud resource management solution.

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The platform simplifies the process of resource allocation by automatically adjusting to the real-time needs of applications, bridging the gap between application owners and DevOps teams.

ScaleOps has introduced two new features:

Predictive Horizontal Pod Auto-Scaling: This AI-powered feature predicts application load allowing the system to scale resources up or down in real-time ensuring optimal performance during peak times and efficient scaling during low demand.

Intelligent Pod Placement: This feature optimizes resource use by considering application needs and the status of the cloud cluster, reducing the number of active nodes needed.

About ScaleOps

ScaleOps is the first Kubernetes optimization platform that automatically adjusts compute resources in real-time, making Kubernetes management easier and more efficient for engineering teams.