Akamas, a cloud company based in Milan, has raised $10M in its first institutional funding round. The investment is led by Italian venture capital firm United Ventures. The capital will support Akamas’ expansion into the North American market, accelerate product development and bolster its position as a leader in full-stack optimization for cloud and Kubernetes environments.
Akamas is a software platform that uses AI to optimize applications and their underlying technologies. It can help businesses improve application performance, reduce costs, and deliver better service. The software uses reinforcement learning to explore potential configurations, runs multiple experiments in sequence to optimize a goal, compares data across experiments to identify the optimal configuration and optimises applications in production, testing, and pre-production environments.
The company plans to establish its first US office in Boston and scale its team significantly in both engineering and go-to-market functions. “We are thrilled about today’s investment, and our entry into the US is a major milestone for Akamas,” said Luca Forni, CEO and co-founder.
“The United States is home to some of the world’s largest cloud-driven organizations, and we are excited to bring our unique application-aware optimization technology to this dynamic market. United Ventures’ expertise in scaling SaaS and AI companies globally makes them the perfect partner as we expand our footprint and continue driving innovation.”
"We are proud to lead this round for Akamas, who are at the forefront of application-aware optimization technology," said Fabio Pirovano, Partner at United Ventures.
"Akamas’ innovative approach to simplifying cloud and Kubernetes optimization, coupled with its impressive team and vision, positions it as a game-changer in the global tech landscape. We’re excited to support their expansion into North America and their continued growth as they redefine how organizations optimize performance, reliability, and costs at scale."
Akama's parent company, Moviri Group, will maintain a strategic minority position while transitioning operational control.
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