Granulate, a Tel Aviv, Israel-based company providing an autonomous real-time computing workload optimization and cost reduction solution, raised $30m in Series B funding.
The round, which brought the total amount raised to $45m, was led by Red Dot Capital Partners with participation from existing investors Insight Partners, TLV Partners, and Hetz Ventures. Dawn Capital also joined the round as a new investor.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Asaf Ezra, Co-founder and CEO, Granulate is a real-time, autonomous computing optimization company. Its patent-pending solution provides AI-driven, infrastructure and workload optimization for compute performance and cost improvements in any computing environment, empowering businesses of any size from any industry by bolstering their computing power while cutting computing costs.
Functioning at the Operating System level, the solution enables organizations to achieve at-scale workload performance, reducing costs by up to 60%. Designed to function in any computing infrastructure and environment, implementing Granulate requires zero code changes or R&D involvement.