Exostellar – an innovative cloud resource optimization and management platform – recently announced the closing of its oversubscribed $15 million Series A financing led by Celesta and Cambium Capital, with participation from Candou Ventures and AI Capital Partners (Alpha Intelligence Capital’s U.S.-based fund). Exostellar is prepared to propel its pioneering technology into the AI-GPU domain with this funding round.
This strategy involves amplifying its X-Compute platform and extending its CPU live migration IP to encompass GPU compatibility. And this Cloud Native GPU live migration initiative will propel Exostellar to the forefront, well-equipped for catering to the escalating requirement for GPU-centric AI workloads.
With the close of this round, Exostellar also announced that Tony Shakib is assuming the role of President and CEO. This strategic transition is essential for the company as it is positioning itself for exponential growth and impact. Hakim Weatherspoon will assume the role of Chief Scientist, focusing on driving innovation and technological advancement within the company.
KEY QUOTES:
“Exostellar is committed to redefining how cloud resources are optimized and managed, and this additional investment fuels our efforts to provide enterprises with game-changing solutions that drive efficiency, scalability, and cost savings.”
— Tony Shakib
“It’s truly gratifying to witness Exostellar’s journey from its early days. The oversubscription of the Series A funding is a testament to the team’s dedication and the disruptive potential of their platform. Exostellar has the power to transform how cloud resources are optimized, and I’m excited to see its impact on the industry.”
— Lip-Bu Tan, the lead investor in Exostellar’s seed round
“We’re excited to invest in Exostellar and its development of AI-enabled cloud GPU resource optimization solutions. Exostellar’s momentum in stateful CPU live migration and cloud cost reduction has ushered in industry-changing breakthrough for cloud-based high memory compute. With the upcoming GPU capabilities, Exostellar is uniquely positioned to address the global compute bottleneck for high performance computing and AI applications.”
— Lip-Bu Tan, the lead investor in Exostellar’s seed round
