Storage

Datafy announced the completion of a $6 million seed funding round

Datafy, an innovative startup poised to redefine cloud storage optimization, announced today the completion of a $6 million seed funding round led by global software investor Insight Partners. This investment propels Datafy’s mission to make cloud storage cost-effective and manageable for companies navigating the complexities of the digital age.

The cloud storage sector is experiencing rapid growth, driven by an exponential increase in data generation due to the growth in AI adoption and the general widespread adoption of cloud technologies. The global cloud storage market is projected to grow from $132.03 billion in 2024 to $665.00 billion by 2032, at a CAGR of 22.4% during the forecast period(1).

Because of these rapid changes, companies face significant challenges, with a primary one being managing rising costs. Datafy addresses these issues head-on, offering up to 50% savings on storage costs and providing a self-optimizing, developer-independent solution.

Zivan Ori, CEO of Datafy said: “Our mission is clear – to give Finops and Devops teams the control they deserve with no effort or big changes to the system. With Datafy, we’re not just saving money; we’re transforming how businesses manage their data in the cloud. Today’s funding news is the next step in our journey as we continue to grow.”

Liad Agmon, Managing Director at Insight Partners, expressed his enthusiasm for the company’s vision: “In a world where AI is driving a dramatic increase in the need for resources, managing cloud storage efficiently is paramount. Datafy’s groundbreaking approach not only reduces costs but also empowers companies to focus on innovation rather than infrastructure management.”

Datafy’s flagship product, focusing on EBS (Elastic Block Store) on the AWS cloud, simplifies cloud storage management by auto-scaling data storage usage to ensure optimum management at a minimal cost.

This innovative and seamless solution – just a click of a button to implement – leverages advanced algorithms to ensure data is stored most cost-effectively in the customer’s own cloud without requiring significant system changes or manual oversight.

Explore AITechPark for the latest advancements in AI, IOT, Cybersecurity, AITech News, and insightful updates from industry experts!

Related posts

Tuxera to Showcase Fusion File Share SMB Server at SC22

GlobeNewswire

Built In Honors Wasabi Technologies as a 2022 Best Place to Work

PR Newswire

Sycomp Storage now available in Google Marketplace

PR Newswire