Datafy, a Tel Aviv, Israel-based startup that provides cloud storage management, has raised $6 million in seed funding.
Investors
The round was led by Insight Partners.
Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startups and ScaleUp companies that are driving transformative change in their industries. As of December 31, 2023, the firm has over $80 billion in regulatory assets under management. Headquartered in New York City, Insight has offices in London, Tel Aviv, and the Bay Area.
Datafy Use of Funds
The infusion of capital is aimed at accelerating Datafy's mission to render cloud storage both cost-effective and manageable for enterprises grappling with the complexities of the digital era.
Datafy Use of Funds
The funding will boost Datafy's R&D for cloud storage optimization, expand market reach, enhance customer support, and hire skilled professionals for innovation and scaling.
About Datafy
Founded in 2023 by Zivan Ori, Yoav Ilovich, and Ziv Serlin, Datafy is a company that developed cloud storage management. The company’s flagship product, focusing on EBS (Elastic Block Store) on the AWS cloud, simplifies cloud storage management by auto-scaling data storage usage to ensure optimum management at a minimal cost. Datafy's mission is to make cloud storage cost-effective and manageable for companies navigating the complexities of the digital age.
Funding Details
Company: Datafy, Inc.
Raised: $6.0 million
Round: Seed Round
Funding Month: April 2024
Lead Investor: Insight Partners
Additional Investors:
Company Website: https://www.datafy.io/
Software Category: Data Management
Source: https://www.prnewswire.com/news-releases/datafy-raises-6m-in-funding-to-revolutionize-cloud-storage-management-for-the-age-of-ai-302112993.html