CloudNatix, a startup that provides infrastructure for businesses with multiple cloud and on-premise operations, announced it has raised $ 4.5 million in initial funding. The round was led by DNX Ventures, an investment firm that focuses on US and Japanese B2B startups, with the participation of Cota Capital. Existing investors Incubate Fund, Vela Partners and 468 Capital also contributed.
The company has also added DNX Ventures managing partner Hiro Rio Maeda to the board of directors.
CloudNatix was founded in 2018 by CEO Rohit Seth, who previously held lead engineering roles at Google. The company's platform helps companies reduce IT costs by analyzing infrastructure spend and then using automation to make IT operations across multiple clouds more efficient. The typical business customer spends between $ 500,000 and $ 50 million annually on infrastructure and uses at least one cloud service provider in addition to on-premises networks.
Based on open source software such as Kubernetes and Prometheus, CloudNatix works with all major cloud providers and local networks. For DevOps teams, it helps set up and manage infrastructure that runs both legacy and modern cloud-native applications and allows them to more easily transition from on-premise networks to cloud services.
CloudNatix competes more directly with VMWare and Red Hat OpenShift. But both of these services are limited to their core platforms, while CloudNatix's advantage is that it's agnostic to core platforms and cloud service providers, Seth told ProWellTech.
The company's seed round will be used to scale engineering, customer service, and sales teams.
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