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Exostellar
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Optimizes high-performance computing cloud applications
Exostellar
Work Here?
Optimizes high-performance computing cloud applications
About Exostellar
Industries
Data & Analytics
Consumer Software
Enterprise Software
Company Size
11-50
Company Stage
Series A
Total Funding
$32.7M
Headquarters
Ithaca, New York
Founded
2019
Overview
Exostellar optimizes high-performance computing (HPC) applications in the cloud, helping enterprises reduce costs while enhancing performance. The company automatically migrates HPC applications to more cost-effective virtual machines, allowing clients to achieve up to five times more computing power without upfront investments. Exostellar operates on a subscription model and targets industries like finance, healthcare, and scientific research. Its unique offering is a single interface that provides high control over cloud resources, simplifying expenditure management for enterprises.
Simplify's Take
What believers are saying
- AI-driven cloud optimization is gaining traction, indicating growing market demand.
- The global HPC market is projected to reach $50 billion by 2025.
- Exostellar's expansion into GPU-centric AI workloads aligns with rising demand.
What critics are saying
- Increased competition from Exotanium, which raised $12 million in Series A funding.
- Potential market confusion due to similar offerings and names with Exotanium.
- Shift towards AI-GPU domains may require significant R&D investment.
What makes Exostellar unique
- Exostellar uses exclusive patent-pending technologies from Cornell University for cloud optimization.
- The company offers up to 5x more compute for cloud spend without upfront investments.
- Exostellar provides a single interface for high control over cloud resources.
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Funding
Total Funding
$32.7M
Above
Industry Average
Funded Over
4 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Unlimited Paid Time Off
401(k) Retirement Plan
401(k) Company Match
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 2%2 year growth
↓ -2%Exostellar, a Santa Clara, CA-based provider of a cloud resource optimization and management platform, raised $15M in Series A funding.The round was led by Celesta and Cambium Capital, with participation from Candou Ventures and AI Capital Partners.The company intends to use the funds to expand operations and to propel its technology into the AI-GPU domain. Led by CEO and President Tony Shakib, Exostellar is a cloud resource optimization and management platform that uses Artificial Intelligence (AI) and Machine Learning (ML) to help enterprises reduce spending in the cloud while enhancing both operational security and performance. The company’s strategy involves amplifying its X-Compute platform and extending its CPU live migration IP to encompass GPU-centric AI workloads.FinSMEs14/09/2023
To date, Exotanium has generated $19 million in funding, including grants from the United States Department of Energy and the National Science Foundation.
Exotanium, an Ithaca, NY-based provider of a cloud resource optimization and management platform, raised $12M in Series A funding
Exotanium's new tool juggles containerized code by continually optimizing performance, growing and shrinking allocated hardware due to demand.
Exotanium, a cloud resource optimization and management company, announced today that it has completed a $5 million seed funding round led by Walden International and Nepenthe Capital LLC.
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About Exostellar
Industries
Data & Analytics
Consumer Software
Enterprise Software
Company Size
11-50
Company Stage
Series A
Total Funding
$32.7M
Headquarters
Ithaca, New York
Founded
2019
Exostellar is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today