Z

Zesty

www.zesty.co link_icon

Company Research Report: Zesty



Company Overview



Name


Zesty Tech Ltd.

Mission of the Company


To overcome inefficiencies related to static cloud infrastructure, bringing customers the ability to automatically scale cloud resources such as storage, discount programs, CPU & RAM to optimally match application demand. This approach helps businesses dramatically reduce cloud costs, maintain perfect app performance, and minimize the time and effort required to manage infrastructure.

Founded


2019

Founders


  • Maxim Melamedov (CEO)

  • Alexey Baikov (CTO)


Key People


  • Maxim Melamedov: CEO & Co-founder

  • Alexey Baikov: CTO & Co-founder

  • Maor Ezer: Chief Marketing Officer

  • Rinat Levny: VP of Human Resources

  • Ofir Shaish: Chief Financial Officer

  • Tsvika Naveh: VP of Research and Development

  • Jamie Lee: Chief Revenue Officer

  • Hagit Merhavi: VP of Product Management


Headquarters


  • San Mateo, USA

  • Tel Aviv, Israel

  • Kiev, Ukraine


Number of Employees


No information is available.

Revenue


No information is available.

Recognition


Zesty is known for its world-leading cloud infrastructure optimization platform which utilizes AI to dynamically manage and reduce cloud costs.

Products



1. Commitment Manager


  • Description: An automated AWS discount management platform.

  • Key Features:

  • Reduces EC2 and RDS costs by up to 50%.

  • Automates the management of AWS discount plans, adapting commitments flexibly.

  • Minimizes financial risks and enhances overall infrastructure cost management.


2. Zesty Disk


  • Description: A cost and performance optimization tool for cloud storage.

  • Key Features:

  • Reduces cloud storage costs by up to 70%.

  • Automatically resizes storage volumes to match real-time application needs, improving performance and ensuring stability.

  • Involves initial virtual disk creation and continuous data management.


3. Insights


  • Description: A platform that provides enhanced visibility and actionable recommendations for cloud optimization.

  • Key Features:

  • Tracks cloud costs and provides prescriptive recommendations to fully utilize cloud services.

  • Identifies unused resources to eliminate cloud waste.

  • Facilitates immediate action on cloud cost-saving opportunities.


Recent Developments



1. Cloud Insights & Automation Platform Introduction


  • Date: July 25, 2024

  • Details: Zesty introduced a new platform aimed at furthering automation capabilities in cloud insights and cost management.


2. Strategic Partnerships and Recognitions


  • Partnerships and Awards:

  • AWS Advanced Technology Partnership

  • SOC 2 Certification Compliance

  • Recognized as a top FinOps solution provider by multiple industry publications.


3. Significant Funding and Market Growth


  • Fundraising:

  • September 13, 2022, Zesty raised $75M in Series B funding to enhance its dynamic cloud infrastructure solutions.


4. Product Upgrades and New Features


  • Commitment Manager Improvements:

  • Enhanced automation algorithms and expanded support for both Standard and Convertible Reserved Instances.

  • Zesty Disk Enhancements:

  • Improved auto-scaling and data management capabilities with a new shrink and expand technology that provides immediate savings from day one.

  • Insights Platform Expansion:

  • Integration with multi-cloud environments (AWS and Azure) for broader cloud cost optimization.


4. Customer Successes


  • Notable Case Studies:

  • Armis: Achieved 53% savings on Amazon EC2 costs.

  • Heap: Saved over a million dollars per year with minimal setup.

  • Securonix: Benefited from continuous savings with minimal operational overhead through Zesty Disk.


This detailed market research report should provide a comprehensive overview of Zesty, its products, leadership, and recent developments industry.