This is the startup's second round of funding in 10 months.Cloud infrastructure optimization startup Granulate has raised its second round of funding in ten months, with a fresh $30 million led by Red Dot Capital Partners. The capital injection takes its funding total to $45 million.
"They were provisioning a lot of machines and using them to a very low extent, around 10% to 40%," Ezra told Insider."This was a huge price, because you're paying anywhere between 60% and 90% extra on top of what you're actually using ... We realized there was a huge issue around performance and architecture."
"We saved our customers around $20 million this year," Ezra said, adding the firm's customers were spread across Europe, Southeast Asia, North America, and South America. Granulate's funding round also saw European enterprise software investor Dawn Capital join as a new backer. Additional participation came from existing backers Insight Partners, TLV Partners, and Hetz Ventures.