Seed funding announcement

PerfectScale Secures $7.1M Investment Round

to Revolutionize Kubernetes Optimization

MORRISVILLE, NC – October 3, 2023 - PerfectScale, an innovation leader in Kubernetes optimization, today announced that the company 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.

With the majority of cloud workloads now running on Kubernetes, and with the market size anticipated to reach USD $7.8B by 2027, its popularity is continuing as deployments of cloud-native infrastructure accelerate. However, the rapid pace of adoption is impeding the ability of organizations to support the complexity and management of resources that come with large-scale, cloud-native infrastructure. The key to success lies in mastering Day 2 Kubernetes operations, where optimizing costs and performance emerges as a pivotal focus.

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.

“Optimizing our Cloud environments is a critical and strategic goal for us. We didn’t trust the optimization tools we had in place as we feared their recommendations would cause outages that could impact millions of users” said Richard Sayad, Sr Director of Cloud Architecture at Paramount Pictures. “Within a matter of weeks, the intelligence we got from PerfectScale helped safely optimize our environment, significantly reducing costs and improving our application’s performance and resiliency. We have yet to see another tool in the market that effectively and accurately optimizes Kubernetes environments like PerfectScale does.”

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 take a leadership position in the K8s optimization space, ensuring 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."

PerfectScale has garnered attention from major technology research firms, recently being named a Cool Vendor by Gartner. The new funding round will help augment Kubernetes optimization on a global scale.

For more information about PerfectScale and their innovative approach to Kubernetes optimization, please visit www.perfectscale.io.

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Auto-Optimize Kubernetes Infrastructure – www.perfectscale.io/blog/seed-funding-announcement

Resources:

Visit http://www.perfectscale.io to learn more
Experience the PerfectScale Autonomous Optimization and Governance Platform at: https://www.perfectscale.io/trial

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About PerfectScale

PerfectScale’s Autonomous Kubernetes (K8s) Optimization and Governance Platform makes it easy for DevOps, Platform Engineering, and SRE professionals to improve the stability and cost-effectiveness of their complete K8s environment. Our solution is the industry's only production-ready automation platform that can safely and autonomously right-size your environment to enhance resilience and availability, eliminate waste, and reduce carbon emissions. Ensure your environment is always perfectly scalable to meet demand by effortlessly optimizing every layer of your K8s stack.

PerfectScale is available in a free, no-commitment, 30-day trial. It takes only minutes to install and starts providing results instantly, all with a minimal footprint on your environment. Get started today at perfectscale.io!

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