Stackbooster raises $100,000 in a pre-seed investment round
Summary
Ukrainian-American startup Stackbooster, which specializes in optimizing cloud infrastructure and applications, has raised $100,000 in a pre-seed round from an angel investor. The company informed AIN about the news.According to the company, the funding has enabled the team to "reach key milestones in development." Now, it is launching a $2 million seed round to scale development and marketing and attract new customers.The new investment will be used for:What we know about StackboosterIt was founded by Alex Sharabudinov, a serial entrepreneur with five startups under his belt, and Volodymyr Lebedev, an AWS cloud infrastructure expert.Stackbooster solves the problem of inefficient use of cloud resources. Developers claim their AI platform enables companies to reduce cloud costs by up to 80% through automation of vertical scaling within applications and horizontal scaling between cluster nodes.We created Stackbooster to solve the problems we encountered firsthand while managing enterprise Kubernetes environments, said Alex Sharabudinov, the companys CEO and founder.The company says the initial $80,000 angel investment was structured around a key development milestone. The company is partnering with Amazon Web Services (AWS) and building alliances with several other leading cloud providers, though they did not name them.