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Israel’s Granulate bags $12 Million in Series A Funding Round

Granulate reported a $12 million new fund from its Series A funding round led by Insight Partners

Granulate is AI-powered optimization software that improves performance by creating a streamlined environment for any app. Granulate agents can be installed on any Linux server, and support any architecture be it data-centers, multi or hybrid-cloud environments.

The funding round was led by Insight Partners – a leading global private equity and venture capital firm. TLV Partners and Hetz Ventures also participated in the said funding round. 

Asaf Ezra, co-founder and chief executive officer of Granulate said, “Joining forces with Insight Partners on our Series A brings total funds raised to over 15M USD which we will leverage to expand to new markets, reach more organizations and grow our incredible team.”

As part of the investment, Lonne Jaffe, Managing Director at Insight Partners will join Granulate’s Board of Directors.

According to Ezra, the company is planning to use the new capital to further develop the company’s infrastructure performance. “We’re looking forward to using the funds to reach more companies globally, helping them improve performance and cut compute costs during these challenging pandemic times and beyond,” said Ezra.

Ezra also acknowledged the challenge of growing performance optimization. He explained that their new approach unleashes untapped performance by tailoring the OS that the application needs, allowing both improved performance and reduced cost.

“Granulate’s unique technology finally provides a solution to the growing performance optimization challenge, enabling companies to utilize better, unleash the performance potential and reduce compute costs,” said Ezra.

“Granulate helped its customers achieve 60% compute cost reduction while reducing response time by 40%, thus improving QoS drastically,” he added.

Aside from development plans, Granulate will also use the new funds to triple its company workforce and all of its departments from R&D to sales and marketing. 

“We will use the funds to expand globally, opening offices overseas. Part of our expansion will include trusted channel partners, known for bringing innovative proven tech technologies to their customers,” said Ezra.

The new capital brings the company a total of $15.6 million raised funds.