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Datafy Secures $20M Seed Funding for Cloud Storage Optimization
In a notable stride towards helping businesses rein in excessive cloud storage expenditures, Datafy Inc. has secured $20 million in seed funding led by Bessemer Venture Partners, with participation from Insight Partners. The startup, which specializes in autonomous cloud storage optimization, claims that its innovative technology can reduce cloud storage costs by as much as 50% without necessitating extensive effort from users.
Revolutionizing Storage Management
At the heart of Datafy's offering is a novel, low-level optimization engine that seamlessly integrates with Amazon Web Services (AWS). Unlike traditional FinOps platforms that provide mere recommendations for cost optimization, Datafy automates implementation without involving infrastructure teams, essentially eliminating manual interventions in storage management. This unique approach allows businesses to optimize storage volumes in real-time based on actual consumption patterns.
The Need for Efficiency in Cloud Storage
Zivan Ori, co-founder and CEO, emphasizes the pressing need for optimized cloud environments, particularly in industries like AI, where data utilization is substantial. As cloud storage becomes an essential component of modern tech infrastructure, Datafy's unique selling point lies in its ability to enhance storage effectiveness while operating with zero downtime—an invaluable asset for enterprises seeking to maintain productivity and operational efficiency.
Real-World Impact: A Case Study
Via Transportation Inc., a key client, has reported transformative results using Datafy’s services. Lior Gernenstein, CTO, highlighted how the platform enables automatic scaling of storage in direct correlation to demand fluctuations. This seamless adaptability aids in informed decision-making regarding infrastructure investments, underscoring Datafy's potential impact on various sectors reliant on fluctuating data needs.
Looking Ahead
The recent funding bodes well for Datafy's trajectory as it positions itself at the forefront of autonomous cloud solutions. Going forward, the integration of advanced sensor technology for real-time monitoring suggests a step toward further enhancing operational efficiency for businesses worldwide. With the growing demand for innovative solutions in an increasingly data-driven landscape, Datafy's pioneering approach exemplifies how companies can thrive in the cloud economy.
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