# Jelastic

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

- Industry: Software
- Headquarters: Palo Alto, US
- Website: www.jelastic.com
- Total disclosed funding: $6M
- Latest round: Series B (Aug 1, 2013)
- Investors on record: 4

## About

Jelastic, Inc. provides innovative cloud solutions focusing on Platform as a Service (PaaS) for managed service providers and DevOps-oriented companies, streamlining application deployment, management, and scaling in diverse cloud environments.Founded in 2011, Jelastic, Inc. specializes in cloud platform solutions. The company was acquired by Virtuozzo International GmbH in October 2021 from Runa Capital, Almaz Capital Partners, Foresight Ventures, and Maxfield Capital. The headquarters is located in Palo Alto, US, and the firm has participated in 6 investment deals. The founder, Constantin Shmoylov, has a history of entrepreneurship in the tech industry. In its latest funding round, the company raised USD 3.50 mn during a Series B led by Maxfield Capital.Jelastic, Inc. offers the Virtuozzo Application Platform, a comprehensive suite of cloud-based solutions designed for Managed Service Providers (MSPs) and DevOps-focused companies. The platform's core offering is a high-performance PaaS that integrates with existing cloud infrastructures, facilitating automated application deployment, scaling, and management across various environments. The service also features a hyperconverged cloud platform based on OpenStack and supports a range of workloads, including traditional and cloud-native applications. With over 100 service providers as clients across North America, Europe, and Latin America, Jelastic addresses the needs of developers and enterprises seeking advanced hosting capabilities.The revenue model for Jelastic, Inc. is primarily subscription-based, with service providers utilizing their PaaS solutions. Clients typically pay recurring subscription fees for access to the platform, which includes automated scaling, clustering, and management features. The integration of various software stacks allows clients to offer tailored services to end users. While specific pricing details are not publicly available, the company's pricing strategy aligns with its service offerings in the competitive cloud services market.Jelastic, Inc. is focusing on expanding its product offerings and entering new markets following its acquisition by Virtuozzo International GmbH. The company plans to develop new cloud solutions targeted at enhancing its PaaS capabilities. Additionally, they aim to expand into regions beyond North America and Europe, although specific markets and timelines for these expansions are under consideration. The recent funding of USD 3.50 mn from the Series B round will support these initiatives, enabling advancements in technology and broader market penetration.

## Funding rounds

- Series B, Aug 1, 2013, $3.5M — Almaz Capital, Maxfield Capital
- Series A, Apr 24, 2012, $2M — Almaz Capital, Runa Capital, Foresight Ventures, Maxfield Capital
- Seed, Dec 13, 2010, $0.5M — Runa Capital

## Investors

- Runa Capital (https://capitalatlas.ai/funds/runa-capital) — Seed, Series A
- Almaz Capital (https://capitalatlas.ai/funds/almaz-capital) — Series A, Series B
- Foresight Ventures (https://capitalatlas.ai/funds/foresight-ventures) — Series A
- Maxfield Capital (https://capitalatlas.ai/funds/maxfield-capital) — Series A, Series B