Datafy Secures $20 Million in Funding, Aiming for Expansion in Cloud Storage Solutions

Datafy Raises $20 Million to Enhance Cloud Storage Efficiency

Datafy, the innovative startup focusing on autonomous storage optimization, has successfully completed a seed funding round securing a total of $20 million. The funding round was spearheaded by Bessemer Venture Partners, alongside existing investor Insight Partners. This significant investment is aimed at accelerating Datafy's growth within the U.S. market, responding to the increasing demand for efficient cloud storage solutions.

In today’s rapidly evolving digital landscape, companies are grappling with escalating cloud storage expenses, a concern that Datafy seeks to alleviate. The firm has reported impressive customer traction, underscoring the immediate need for storage optimization in the cloud domain. Lior Gernenstein, the CTO of Via, stated, “At Via, efficiency and stability aren't just internal goals; they’re commitments made to the cities and passengers we serve. Datafy's solution allows us to automatically scale our storage to meet demand without incurring unnecessary costs.” This sentiment reflects the broader industry trend where companies prioritize reliable infrastructure amidst rising operational costs.

Moreover, the cloud engineering leader at H2O.ai, Ophir Zahavi, praised Datafy’s impact, noting, “We managed to cut our EBS costs by 40% while retaining the flexibility to scale our cloud storage as needed. The results were immediate, showcasing the simplicity and reliability of their solution.” This highlights Datafy's capability not just to optimize costs but also to enhance overall performance for users.

Datafy distinguishes itself in the market by offering a 100% autonomous solution, meaning that users are not burdened with continually adjusting their storage requirements. This feature empowers teams in finance and development operations, allowing them to focus on critical tasks while also ensuring they are optimizing cloud costs efficiently.

The software includes an auto-scaling engine that operates with zero downtime and a sensor for monitoring storage usage in real-time, which requires neither code modifications nor engineering effort. The invitation to join Datafy’s partner program has been well-received, with several AWS Premier Partners joining the ecosystem, signaling a robust interest in the new storage optimization solutions being rolled out by the company.

Datafy's CEO, Zivan Ori, emphasized the company’s commitment to meeting the towering storage demands of businesses today. He remarked, “This recent funding reaffirms the strong interest from customers we've experienced and positions us to scale our operations rapidly to address this growing need in the marketplace.”

Adam Fisher, a representative from Bessemer Venture Partners, added, “Unlike many others trying to assist clients with cloud cost savings, Datafy has adopted a deep-tech approach, creating a product tailored for the most demanding and sophisticated cloud storage users.” Such endorsements from industry leaders foster confidence in Datafy's future potential.

Founded by seasoned professionals Zivan Ori, Ziv Serlin, and Yoav Ilovich, who collectively bring decades of experience in storage solutions, Datafy is on a mission to revolutionize how enterprises manage their cloud environments. Ori and Serlin are particularly notable, having previously co-founded E8 Storage, which was acquired by AWS in 2019.

For those interested in exploring the innovative offerings of Datafy, further information can be accessed at their official website Datafy.io. With its fresh funding, Datafy is poised to redefine the landscape of cloud storage management, promising significant savings in storage costs and a streamlined user experience for businesses navigating the complexities of cloud computing.