Granulate nabs $30M for software to optimize workloads and latency

The Tel Aviv startup picked up $30 million, a Series B, led by Red Dot Capital Partners, with previous backers Insight Partners, TLV Partners, and Hetz Ventures, as well as new backer Dawn Capital.

TechCrunch

February 2, 2021

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Israeli startup Granulate has raised $30 million in a Series B funding round led by Red Dot Capital Partners. Granulate develops software that uses AI to optimize workloads and prioritize important tasks for organizations, improving response times by up to 40% and reducing costs by up to 60%. The company has seen significant growth in the past year, with customer growth up 360% and revenues growing 570%. Granulate's solution targets the increasing demand for efficient and cost-effective handling of media-heavy content and services like e-commerce. The funding will support the company's expansion and development of additional optimization and management solutions. Granulate has partnerships with AWS and Microsoft's Azure and is in talks with Google Cloud Platform.

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