![]() ![]() “Companies were not only looking to save money, but they were forced to cut staff. He pandemic create a whole new level of demand for our solutions and we have been fortunate to see huge demand growth for our products,” Melamedov said. But Zesty has managed to grow its customer base to over 300 companies, including startups Heap, Armis and WalkMe, suggesting that it’s doing something right. Because in a world that’s always changing, Zesty enables the infrastructure to change right around with it.” “With Zesty, organizations dramatically reduce cloud costs and alleviate the burdensome task of managing cloud resources in a constantly shifting business environment. Many of the classical techniques used to solve such problems can be slow and not suitable for real-time decision making, where fast response to change is critical,” Melamedov said. “The primary tools we use to design efficient automation of cloud resources come from the fields of decision analysis and resource management. On the compute side, the platform collects real-time performance metrics, buying or selling cloud compute in response to app usage. #Cpu led on seriesTo increase or decrease storage, Zesty transforms filesystem volumes in the cloud into a virtual disk with a series of multiple volumes, each of which can be expanded or shrunk. Baikov was previously a DevOps team lead at Netvertise. He briefly worked together with Baikov at big data firm Feedvisor. Prior to co-launching Zesty, Melamedov was the VP of customer success at Gimmonix, a travel tech company. ![]() Melamedov founded Zesty with Alexey Baikov in 2019, after the pair observed that cloud infrastructure wasn’t keeping up with the pace of change in business environments. “This results in countless wasted engineering hours attempting to predict and manually adjust cloud infrastructure as well as billions of dollars thrown away each year.” “DevOps engineers … face limitations such as discount program commitments and preset storage volume capacity, CPU and RAM, all of which cannot be continuously adjusted to suit changing demand,” Melamedov said in an email interview. ![]() Bringing the company’s total raised to $116 million, the proceeds will be put toward supporting product development and expanding Zesty’s workforce from 120 employees to 160 by the end of the year, CEO Maxim Melamedov tells TechCrunch. ![]() Zesty today closed a $75 million Series B round co-led by B Capital and Sapphire Ventures with participation from Next47 and S Capital. The category grows by the hour, but one of the more successful providers to date is Zesty, which automatically scales resources to meet app demands in real time. The desire to better manage cloud costs has spawned a cottage industry of vendors selling services that putatively reign in companies’ infrastructure spending. According to a 2020 Statista survey, companies estimate that 30% of their cloud spend is ultimately wasted. But while both small- and medium-sized businesses and enterprises admit that they’re spending more on the cloud, they’re also struggling to keep costs under control. In the first quarter of 2021, corporate cloud services infrastructure investment increased to $41.8 billion, representing 35% year-on-year growth, according to Grand View Research. Spending on the cloud shows no signs of slowing down. ![]()
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