Cloud cost optimization platform Antimetal completes $4.3 million seed round led by Framework Ventures

2023-05-18 08:43:18BlockBeatsShare to:

BlockBeats reported that on May 18, according to Webwire reports, cloud cost optimization platform Antitime recently announced the completion of a $4.3 million seed round of financing, led by Framework Ventures, Chapter One, IDEO CoLab Ventures, Polygon Ventures, Alchemy Ventures, Builder Capital and other companies, Angel investors including Starkware Ecosystem Director Louis Guthmann, Optimism Software Engineer Kelvin Fichter, Waymont CEO Jai Bhavnani, and Saddle Founder and CEO Sunil Srivatsa participated in the round. Funding from the round will be used to expand the engineering team and continue to develop its platform. It is reported that Antitimetal provides a solution that uses AI to automatically optimize costs, covering the entire process of infrastructure purchase, sales and risk management. In private beta, the Antitimetal platform helped more than 35 companies cut cloud costs by up to 75%.

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