“Things are moving fast here at Opsani.
That’s how CEO Ross Schibler sees his company fairing these days, and now the success of its latest funding round means things could go even faster.
Opsani raised $10 million in Series A financing, led by Redpoint Ventures, and joined by early investors Zetta Venture Partners and Bain Capital.
The company uses artificial intelligence (AI) and machine learning to automate cloud optimization for complex infrastructures.
“We have a rapidly growing client base,” says Schibler in a blog post. “We are doubling in size, and we are continuously optimizing our technology. This funding round will enable us to maintain our up-and-to-the-right trajectory. With this backing, we can continue to expand the team, enhance the Opsani AI engine, and provide value to enterprise cloud-based companies.”
With the new funding comes a new person on Opsani’s board. Satish Dharmaraj, a founder of several successful unicorns including Snowflake and Duo, will be taking a seat on Opsani’s board.
Before heading Opsani as CEO, Schibler incubated his first successful startup, Topspin, with was also counted Repoint as an investor before Cisco bought it in 2005.
“Ross and the Opsani team are known entities here at Redpoint,” said Dharmaraj. “So, true to our prioritization of backing great teams, getting behind Opsani’s leaders and its solution was an easy decision. Ross and Peter identified an unmet market need and they’ve devised a novel solution using machine learning.”