# Jeastic

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/jeastic

- Industry: Software
- Headquarters: Palo Alto, US
- Website: www.jelastic.com
- Total disclosed funding: $2M
- Latest round: Series B (Apr 1, 2012)
- Investors on record: 2

## About

Jeastic specializes in providing managed multi-tenant cloud services, empowering Managed Service Providers (MSPs) with efficient Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) solutions.Jeastic was founded in 2011 and is headquartered in Palo Alto, US. The company focuses on delivering cloud services through its Virtuozzo Application Platform. In April 2012, Jeastic raised USD 2 million in Series B funding from Almaz Capital Partners and Foresight Ventures. The founder, Ruslan Synytsky, has a history in cloud solutions, driving the company's strategic focus on innovation and efficiency.The Virtuozzo Application Platform offers a comprehensive suite of managed multi-tenant cloud services, primarily designed for Managed Service Providers (MSPs). It features a hyperconverged cloud platform based on OpenStack, supporting various workloads, including traditional applications, cloud-native designs, and machine learning/AI tasks. With DevOps capabilities for automating deployment and management, Virtuozzo serves over 100 service providers globally, enabling high-performance application hosting and software-defined storage.The revenue model of Virtuozzo Application Platform is structured around subscription services for B2B clients. Customers access services like automated Kubernetes clusters and customizable hosting solutions through partnerships, typically involving setup fees and recurring charges based on resource usage, such as virtual machine utilization or data storage. This pricing structure is designed to align costs with operational needs, allowing clients to optimize their investments in cloud technology.Jeastic plans to leverage its recent Series B funding of USD 2 million raised in April 2012 to enhance its product offerings and expand into new markets. Key initiatives include the development of new applications and cloud services, targeted for release in the next 12 months, with specific focus on enhancing automation features. The company aims to enter untapped regions in North America and Europe by mid-2023, capitalizing on growing demand for cloud infrastructure solutions.

## Funding rounds

- Series B, Apr 1, 2012, $2M — Almaz Capital, Foresight Ventures

## Investors

- Almaz Capital (https://capitalatlas.ai/funds/almaz-capital) — Series B
- Foresight Ventures (https://capitalatlas.ai/funds/foresight-ventures) — Series B