XONAI, a London, UK-based provider of a cloud optimization solution, raised $3.5M in Seed funding.
The round was led by Kadmos Capital, with participation from investors Adara Ventures, Deep Science Ventures, Nauta Capital, Notion Capital, and angels investors Mehdi Ghissassi, and Martin Gould.
The company intends to use the funds to further its develop solutions.
Founded in 2021 by Leandro Vaz and Brock Doiron at Deep Science Ventures in London, UK, XONAI is a cloud optimization solution that enables organizations to reduce data infrastructure operational costs by running data infrastructure more cost-efficiently, unlocking ROI immediately on activation and without changes to it.
According to a written note, the addressable market for the company’s current solution is massive, encompassing dedicated petabyte-scale clusters running on data processing software, such as Apache Spark.
FinSMEs
02/06/2023