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Exotanium Raises $12 Million In Series A Round Funding, Helps Enterprises Manage And Optimize Cloud Services More Effectively

PRIVATENov 07, 2022

Amount Raised

$12 Million

Round Type

Series A

IthacaSoftwareEnterprise SoftwareCloud InfrastructureCloud ComputingSaaS

Description

Exotanium, an Ithaca-based startup offering a cloud resource optimization and management platform, announced today that the company has secured $12 million in series A funding. The round, led by Cambium Capital and Celesta Capital, provides vital funds needed to support the company's future product roadmap, including the expansion to new platforms and hyperscalers, as well as the development of a self-service marketplace. Funds will also be allocated toward marketing and recruitment efforts to further fuel brand awareness among enterprise customers while supporting necessary organizational growth among Exotanium's engineering team.

Quick answer

Exotanium raised $12 Million in a Series A round, dated November 7, 2022. Exotanium is based in Ithaca, New York, United States.

How much did Exotanium raise?
Exotanium raised $12 Million in a Series A round on November 7, 2022.
What does Exotanium do?
Exotanium, Inc. is a next generation cloud resource optimization and management platform that uses cutting-edge distributed container infrastructure as well as Artificial intelligence (AI) and Machine Learning (ML) to..
Where is Exotanium based and how big is it?
Exotanium is based in Ithaca, New York, United States.

Source: Fundz verified event record.

Who else raised in Enterprise Software and Cloud Infrastructure around the same time

Companies in the same sectors as Exotanium that raised within 45 days of this round, from Fundz verified event records.

  • CtrlStack raised $5.2M (Seed) on December 15, 2022.
  • Sharpen Technologies raised an undisclosed amount on December 13, 2022.
  • SysKit raised $9M (Funding Round) on December 13, 2022.
  • Chattermill raised $26M (Funding Round) on December 6, 2022.
  • Synatic raised $2.5M (Seed) on December 5, 2022.
  • Certemy raised $9.7M (Series B) on December 1, 2022.

Who to call at Exotanium, and when

A new round usually means Exotanium is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Exotanium

Location

Ithaca, New York, United States

About

Exotanium, Inc. is a next generation cloud resource optimization and management platform that uses cutting-edge distributed container infrastructure as well as Artificial intelligence (AI) and Machine Learning (ML) to help enterprises reduce spending in the cloud by up to 90%, while enhancing both operational security and performance We help enterprise companies achieve cloud optimizations and cost reductions without service interruptions. - Lower costs by up to 90% - No service interrupts, even for stateful applications - Support legacy applications without any modifications - Any cloud - AWS, google, Azure, VMWare, etc - Works for Kubernetes and cloud-native application containers - Reduce job completion time and improve customer experience

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Exotanium raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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