Home Breaking News Israel based start-up Granulate secures USD 30 Million

Israel based start-up Granulate secures USD 30 Million

Tel Aviv, Israel based start-up Granulate raised USD 30 million on 3rd of February in a Series B funding round led by Red Dot Capital Partners along with the participation of previous investors. The company has secured a total of USD 45.6 Million in funding over 4 rounds.

Investors: Granulate capitalized USD 30 Million in series B funding round led by Red Dot Capital Partners and also with the involvement of previous investors like TLV Partners, Hertz Ventures, Insight Partners and Dawn Capital.

What the funding is for:  According to sources the organization has not disclosed its valuation of this latest round of funding. 

Founder of the company: Asaf Ezra and Tal Saiag

Legal name of the company: Granulate Cloud Solutions Ltd

Also Known as: Granulate Cloud Solutions

Primary objective of the company: The main aim of the association to develop its performance by generating a streamlined environment for any app. 

Founded date: April 1, 2018

About the company: Granulate is a privately held organization which functions under the computer software industry. Its headquarters is established in Tel aviv, Israel and has a work strength of around 11-50 employees. They deal with various specialties like improved latency and availability, quality of service, cloud cost optimization and hybrid and multi cloud management.  

What the CEO has to say: “We are aware of similar things going on inside of Netflix as what we have built”.

“But to us, it’s a testament of how large you need to be to address this issue and talent you need to hire to address the lowest- level issues.” Said Asaf Ezra, Co- Founder of the Granulate. 

“5G will not cannibalize Granulate, in fact when it becomes standard, the round trip will be reduced for data but the front end will be less of the ratio of the time while the back end latency will become the problem. 5G would solve only the access to your server, but not latency of the server itself”. Said by Tal Saiag, Co-founder of Granulate.

What the investors have to say: “Granulate’s unique technology and impressive growth since their last funding round reflects a rising market demand for their game- changing optimization solutions”.

“For companies facing rising infrastructure costs or focusing on operating cost reduction, Granulate offers a solution that can drive additional improvement regardless of any other solutions already deployed by their clients” Said Yaniv Stern, Managing Partner at Red Dot Capital.

We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know

-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!

Next Article

Previous articleUK based start-up BigChange secures USD 102 Million
Next articleTop 10 E-Commerce Startups in Southeast Asia

LEAVE A REPLY

Please enter your comment!
Please enter your name here