Intel Capital led the cloud infrastructure technology startup's series A round, which will support product development and international sales and marketing.
Israel-based cloud workload software developer Spotinst has closed a $15m series A round led by Intel Capital, semiconductor manufacturer Intel’s corporate venturing subsidiary, Globes reported yesterday.
Vertex Ventures, the venture capital firm backed by Singapore’s sovereign wealth fund Temasek, also participated in the round.
Founded in 2015, Spotinst provides an automated infrastructure-as-a-service platform that relies on machine learning to allocate cloud computing resources on services such as Amazon Web Services, Microsoft Azure, Google Cloud Platform or a private cloud.
The…
