Concertio announced in a company press release today that they have raised $4.2 million in seed funding which was led by multiple different venture partners.
Concertio explained that the funds will be used to scale operations of its AIOps Optimiser platform and to further the company’s technology lead in dynamic, continuous, and static optimisation.
Concertio is an AIOps company that sells products in a SaaS model, so its customers typically purchase licenses on an annual basis. This funding aims to give the business a better value position for them to sell that annual license to more customers by improving its platform service offering.
Speaking on the additional capital obtained through seed funding, Dr. Tomer Morad, co-founder and CEO, Concertio said: “We’re entering the era of self-tuning servers, where servers automatically adjust their settings dynamically in real-time according to the workloads that they run,”
Concertio is a platform where customers can boost the performance of their critical computing services while slashing their infrastructure costs. They do this by using their patented AI-powered Optimiser products. These products tailor the many system settings that are present in areas such as the processors, firmware, operating systems, middleware, applications, and compiler flags to the needs of the currently running applications.
The main benefit of businesses using Concertio’s optimiser products is how the servers can be set to run with optimal settings so achieve significantly higher performance than by using their default setting, and in large deployments, this translates into higher efficiency and reduced infrastructure costs.
Morad spoke about their products in the press release saying “Our Optimizer products transform general-purpose systems into high-performant special-purpose systems, thereby boosting performance and slashing infrastructure costs.”
Concertio is not the only company that is raising capital during the COVID-19 pandemic as Previse has more recently announced it’s secured $11 million in funding to bolster its service offerings.
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