Funding Boost for Datafy: $20 Million Secured for Enhanced Autonomous Storage Efficiency
Datafy, a startup specialising in autonomous storage optimization, has announced the successful completion of a $20 million funding round. This investment will propel the company's expansion, enabling it to solidify its U.S. presence and introduce cutting-edge storage optimization solutions.
The funding round was led by Bessemer Venture Partners, with support from existing investor Insight Partners. Other participants in the financing include Accel and Tiger Global. The investment will be used to accelerate Datafy's growth in the U.S. market.
Founded by CEO Zivan Ori, COO Ziv Serlin, and CPO Yoav Ilovich, Datafy's solution eliminates the need for users to continually right-size their storage requirements. The company's approach to cloud cost savings is based on deep technology, offering a zero-downtime auto-scaling engine and a real-time storage usage sensor.
The performance improvements from using Datafy were immediate, according to Ophir Zahavi from H2O.ai. Via, a transportation company, uses Datafy to reduce EBS costs by 40% while maintaining flexibility for automatic scaling. The simplicity and reliability of Datafy's solution were highlighted by Zahavi.
Adam Fisher, from Bessemer Venture Partners, emphasised Datafy's ability to automatically scale storage without downtime or wasted spend. He also noted the growing traction of Datafy's partner program, with several AWS Premier Partners joining its ecosystem.
Datafy's solution is designed for the most demanding and sophisticated users of cloud storage. It operates autonomously, helping Finance Operations (FinOps) and Development Operations (DevOps) teams to cut costs while retaining control over their storage operations.
The investment from Bessemer Venture Partners follows the successful acquisition of E8 Storage, a company co-founded by Zivan Ori and Ziv Serlin, by AWS in 2019. The founders bring their wealth of experience in the storage industry to Datafy, further strengthening the company's position in the market.
In conclusion, Datafy's $20 million funding round marks an exciting step forward for the company. With its autonomous storage optimization solution, Datafy is well-positioned to help businesses reduce costs and improve performance in the cloud.
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