Latest Breaking News On - Polar signals cloud - Page 1 : comparemela.com

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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