Cloud Metal raises $21M Series A to continue developing AI for infrastructure optimization - IssueWire

San Francisco, California May 20, 2021 (Issuewire.com) - Cloud Metal, an AI startup for cloud infrastructure optimization today announced it has closed a $21M Series A round of financing led by Tiger. “Today, customers are using armies of DevOps engineers to optimize and ensure the uptime of their cloud infrastructure. Cloud Metal has developed artificial intelligence to replace these DevOps engineers while ensuring greater reliability,” said Anton Kharlamov, CTO and Founder of Cloud Metal. In a recent survey conducted by global intelligence firm IDC, nearly 80% of companies said they had experienced at least one cloud failer in the past 18 months, and nearly half (43%) reported 10 or more failures. With the wide-scale adoption of cloud services by organizations, ensuring the continued reliable operations of the infrastructures is critical.