Replex, a Duisburg, Germany-based software company developing a real-time system to optimize IT infrastructure, raised €1.5M in seed funding.
Backers included High-Tech Gründerfonds, EnBW New Ventures, eValue as well as Entrepreneurs Investment Fund.
The company intends to use the funds to expand operations and enter the US market.
Founded in 2016 and led by Patrick Kirchhoff, CEO, Replex provides a software platform for the management and optimization of IT infrastructures. In real-time, the solution collects information about cloud servers, physical servers, virtual machines and containers and makes it available to devops and C-levels alike.
The proprietary algorithms automatically generate optimization strategies to increase efficiency of the IT infrastructure and its teams as well as simultaneously lowering costs.