Jisto, a Boston, MA-based novel enterprise solution for maximizing computer resource utilization, closed a $2.45m seed funding.
The round was led by .406 Ventures. In conjunction with the funding, .406 Ventures Partner Greg Dracon and Managing Partner Maria Cirino will join Jisto’s board of directors.
The company intends to use the funds to continue to expand its engineering, sales and marketing efforts.
Founded in 2013 by Aleksandr (Sasha) Biberman and Andrey Turovsky and led by CEO Mike Feinstein, Jisto allows additional applications, such as simulation, forecasting, genomic sequencing and other high-performance computing applications, to gain access to resources within existing computing infrastructure, with no additional hardware purchases.
The Jisto Elastic Workload Manager monitors the resources being used by all applications in real-time and deploys additional workloads into the idle capacity whenever possible. By grabbing and yielding resources in real-time, Elastic Workload Manager mitigates resource contention and allocates resources to higher-priority applications to support peak loads.