Venture capital firm Insight Partners committed $65m in capital yesterday to Carbon Relay, a US-based artificial intelligence software developer that counts manufacturing services provider Foxconn as an investor.
Carbon Relay’s Red Sky Ops software application utilises machine learning to allow users to automate the process of optimising applications running on containerised app management platform Kubernetes.
Red Sky Ops analyses millions of possible app and setting combinations to automatically find the best possible configuration.
Matt Provo, Carbon Relay’s co-founder and chief executive, said: “With Red Sky Ops, we created the first AIOps solution for optimising applications in Kubernetes environments to enhance application performance, while also dramatically reducing infrastructure costs.
“Working with Insight Partners will enable us to rapidly scale the Red Sky Ops platform at a time when thousands of organisations are looking to enjoy the full benefits of moving to a microservices architecture.”
The company raised $5m in a January 2019 series A round featuring Foxconn and private investors James I. Cash (who is also Carbon Relay’s chairman), Douglas Levin, Karim Lakhani and Paul Deninger. It has now secured $70m in total according to VentureBeat.
