CloudBees announced the acquisition of ReleaseIQ to expand the company’s DevSecOps capabilities, empowering customers with a low-code, end-to-end release orchestration and visibility solution.
Zesty announced a $75 million Series B funding round led by B Capital and Series A investor Sapphire Ventures.
Previous investors Next47 and S-Capital also participated in the round. Zesty has raised $116 million in total since its founding in 2019.
Zesty's solutions spearhead the transition to dynamic cloud infrastructure by automatically adapting compute and storage to meet real-time business needs. As a result, businesses can finally fulfill the promise of the cloud by gaining the flexibility they need to scale up or down. This allows DevOps teams to significantly reduce cloud costs, maintain optimal app performance, and alleviate the stress of managing static infrastructure. Zesty's solutions require zero human input – so engineers no longer waste time monitoring, measuring, predicting, and adjusting resource allocations, and can instead focus on developing new products and features.
"The cloud has become the foundation for critical functions for countless companies, but more often than not, DevOps teams are stuck with static infrastructure, like discount program commitments or allocated storage volumes that waste time and money," said Maxim Melamedov, CEO and Co-founder of Zesty. "This situation is no longer tenable in today's volatile economic environment, or any environment for that matter. DevOps teams shouldn't be wasting their time babysitting the cloud ... This investment will help us grow our team and further develop our products to meet the exploding demand for greater cloud flexibility."
Zesty's suite of products are designed with DevOps teams in mind, providing the first automated solutions for resource optimization tasks that are traditionally manual and labor intensive.
"Despite its enormous value and scalability, the cloud still lacks flexibility and that's holding DevOps back," said Rashmi Gopinath, General Partner at B Capital. "Teams are forced to make impossible predictions regarding future infrastructure needs, which leads to wasted money and is a huge drag on DevOps productivity. Dynamic cloud infrastructure is the game-changer so many businesses have been waiting for ... "
"Cloud computing continues to hold huge potential and promise for companies of all sizes and at all stages of the cloud adoption journey," said Casber Wang, Partner at Sapphire Ventures and Zesty board member. "But that promise comes at a high associated cost: management intricacy, cloud waste, margin erosion, imprecise budgeting, and much more. Cloud needs have always been dynamic, and with Zesty's differentiated optimization platform, companies can now see the ROI and stop making such a trade-off, programmatically."