Progress announced new powerful capabilities and enhancements in the latest release of Progress® Sitefinity®.
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."
Industry News
Red Hat announced the general availability of Red Hat Enterprise Linux 9.5, the latest version of the enterprise Linux platform.
Securiti announced a new solution - Security for AI Copilots in SaaS apps.
Spectro Cloud completed a $75 million Series C funding round led by Growth Equity at Goldman Sachs Alternatives with participation from existing Spectro Cloud investors.
The Cloud Native Computing Foundation® (CNCF®), which builds sustainable ecosystems for cloud native software, has announced significant momentum around cloud native training and certifications with the addition of three new project-centric certifications and a series of new Platform Engineering-specific certifications:
Red Hat announced the latest version of Red Hat OpenShift AI, its artificial intelligence (AI) and machine learning (ML) platform built on Red Hat OpenShift that enables enterprises to create and deliver AI-enabled applications at scale across the hybrid cloud.
Salesforce announced agentic lifecycle management tools to automate Agentforce testing, prototype agents in secure Sandbox environments, and transparently manage usage at scale.
OpenText™ unveiled Cloud Editions (CE) 24.4, presenting a suite of transformative advancements in Business Cloud, AI, and Technology to empower the future of AI-driven knowledge work.
Red Hat announced new capabilities and enhancements for Red Hat Developer Hub, Red Hat’s enterprise-grade developer portal based on the Backstage project.
Pegasystems announced the availability of new AI-driven legacy discovery capabilities in Pega GenAI Blueprint™ to accelerate the daunting task of modernizing legacy systems that hold organizations back.
Tricentis launched enhanced cloud capabilities for its flagship solution, Tricentis Tosca, bringing enterprise-ready end-to-end test automation to the cloud.
Rafay Systems announced new platform advancements that help enterprises and GPU cloud providers deliver developer-friendly consumption workflows for GPU infrastructure.
Apiiro introduced Code-to-Runtime, a new capability using Apiiro’s deep code analysis (DCA) technology to map software architecture and trace all types of software components including APIs, open source software (OSS), and containers to code owners while enriching it with business impact.
Zesty announced the launch of Kompass, its automated Kubernetes optimization platform.
MacStadium announced the launch of Orka Engine, the latest addition to its Orka product line.