Atlassian Corporation has completed the acquisition of Loom, a video messaging platform that helps users communicate through instantly shareable videos.
PerfectScale, a provider of Kubernetes optimization, has successfully closed $7.1 million in seed funding, led by Blumberg Capital with participation from previous investor UpWest, and additional investors Prelude Ventures, K2 Access Fund, Inner Loop Capital, Triangle Tweener Fund, and Firestreak Ventures.
The latest investment brings the company’s total funding to nearly $10 million, since its founding in March, 2022.
PerfectScale's Autonomous Kubernetes Optimization and Governance Platform streamlines Day 2 operations by empowering teams to take control of their Kubernetes environments. The easy-to-use solution enables any Kubernetes practitioner, from novice to expert, to right-size and right-scale environments - perfectly balancing the demand, performance and cost of their application. With PerfectScaler - PerfectScale’s automated Kubernetes scaler, the manual efforts and risks associated with optimizing resource capacity are eliminated. The automated actions safely self-optimize and self-heal the infrastructure, while adjusting to constant changes impacting the environment. As a result, DevOps and SRE teams can enjoy more resilient, highly available applications with less service level agreements (SLAs) breaches, better cost containment, and the environmental sustainability of their entire K8s infrastructure.
With this round of funding, PerfectScale plans to expedite its pace of innovation and expand the company’s sales and marketing infrastructure. This will start by revolutionizing and simplifying Day-2 Kubernetes operations to directly target the performance, resource optimization and cost control challenges impacting organizations. PerfectScale will also further its engagement with companies around the globe by deepening its sales and technical customer success teams. In the near-term plans is the launch of a comprehensive partner program to support the ever-growing Kubernetes community, MSP and consultancy ecosystems. Through these efforts, PerfectScale will ensure organizations reach and maintain desired application performance, efficiency, and cost KPIs.
"As enterprises increasingly adopt container-based applications, optimizing Kubernetes becomes a critical concern. PerfectScale has the strategic vision and team to shape the future of cloud-native adoption,” said Ilia Shnaidman, Vice President at Blumberg Capital. "We look forward to a long-term partnership with the PerfectScale team and investors, and welcome them to our portfolio of visionary teams building and solving growing problems for enterprises.”
“We've identified staggering inefficiencies in the oversight of Kubernetes infrastructure: Businesses either overextending resources and incurring cloud costs upwards of 300% more than necessary or inadequate resource allocation resulting in service disruption,” said Amir Banet, Co-founder and CEO of PerfectScale. “Our mission is simple yet transformative – to level the playing field for optimizing Kubernetes costs and performance, turning what was once only attainable to elite DevOps and R&D teams into an accessible solution for all."