Meet the Berlin-based startups that raised funding in March 2024; 8 of them are hiring right now siliconcanals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from siliconcanals.com Daily Mail and Mail on Sunday newspapers.
Polar Signals Announces Strategic Milestones: Secures $10 8M in Funding, Expands Board, and Launches AI-Driven Performance Optimizations finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
A young startup is setting out to help enterprises cut their cloud costs by writing "more efficient" code and it has secured $6.8 million in fresh funding from notable backers including Alphabet's GV, Spark Capital and Lightspeed. Polar Signals, as the company is called, kicked off its seed round back in 2021 with $4 million from GV and Lightspeed, and it's now closing the round out at $10.8 million. The problem that Polar Signals is looking to solve is this: Applications consume system resources such as CPU or memory, and the more resources they consume, the more a company's cloud bill costs because the major platform providers charge on a consumption basis.
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