# Zesty Tech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zesty-tech

- Industry: Software
- Headquarters: Tel Aviv, Israel
- Website: www.zesty.co
- Total disclosed funding: $117M
- Latest round: Series B (Sep 13, 2022)
- Investors on record: 5

## About

Zesty Tech Ltd specializes in optimizing Kubernetes environments, enhancing cloud resource management through innovative technologies that reduce costs and improve operational efficiency.Founded in 2019, Zesty Tech Ltd operates from Tel Aviv, Israel, focusing on advanced Kubernetes optimization. The company has executed a total of 4 deals, with its most recent funding round being a Series B on September 13, 2022, raising USD 75.00 mn from investors including B Capital Group, Next47, S Capital VC Management, and Sapphire Ventures. The co-CEOs, Chris Wang and Maxim Melamedov, lead the company’s strategic vision.Zesty offers an advanced Kubernetes optimization platform designed to enhance cloud resource management through its core product offerings, which include real-time optimization of compute resources, storage management, and intelligent autoscaling. The platform utilizes trademarked technologies such as HiberScale™ to significantly reduce application start times and idle resource consumption. Zesty's solutions are tailored for organizations seeking to minimize cloud waste while maximizing operational efficiency, ultimately serving a diverse clientele that spans various industries including technology, finance, and e-commerce. The services provided address critical use cases such as reducing CPU overprovisioning, automating savings plans for cloud costs, and dynamically adjusting storage allocations based on workload requirements. Zesty's products are primarily marketed to North American and European enterprises, focusing on helping them drive down operational costs associated with cloud management.Zesty's revenue model is structured around a subscription-based pricing strategy, complemented by fees associated with the resources managed through their platform. Clients engage with Zesty by paying a base fee along with variable charges based on the CPU and storage resources optimized by the platform. This approach allows for clarity in billing, as customers incur costs only for actively managed resources following optimization, ensuring value directly correlates with usage. The subscription plans cater to the specific needs of businesses, allowing for flexibility as organizations scale their cloud operations. Zesty's flagship product, powered by its innovative technologies, supports a range of enterprise applications, fostering improvements in both cost efficiency and performance for its users.In September 2022, Zesty Tech Ltd raised USD 75.00 mn in Series B funding, co-led by B Capital Group and Sapphire Ventures, with contributions from Next47 and S Capital VC Management. This funding will be utilized for expanding its workforce and further product development initiatives. Zesty plans to enhance its platform with upcoming products aimed at improving resource management capabilities. Additionally, the company is targeting expansion into new markets in North America and Europe by mid-2023.

## Funding rounds

- Series B, Sep 13, 2022, $75M — N47, Sapphire Ventures, B Capital, S Capital VC
- Series A, Nov 15, 2021, $35M — N47, Sapphire Ventures, Samsung NEXT Ventures, S Capital VC
- Seed, Nov 24, 2020, $6.6M — S Capital VC

## Investors

- S Capital VC (https://capitalatlas.ai/funds/s-capital-vc) — Seed, Series A, Series B
- N47 (https://capitalatlas.ai/funds/n47) — Series A, Series B
- Sapphire Ventures (https://capitalatlas.ai/funds/sapphire-ventures) — Series A, Series B
- Samsung NEXT Ventures (https://capitalatlas.ai/funds/samsung-next-ventures) — Series A
- B Capital (https://capitalatlas.ai/funds/b-capital) — Series B