Israeli Start-Up Datafy Raises $6 Million in Seed Round

Datafy, a start-up poised to redefine cloud storage optimization, completed a $6 million seed funding round led by global software investor Insight Partners.

This investment propels its mission to make cloud storage cost-effective and manageable for companies navigating the complexities of the digital age.

The cloud storage sector is experiencing rapid growth, driven by an exponential increase in data generation due to the growth in AI adoption and the general widespread adoption of cloud technologies. The global cloud storage market is projected to grow from $132.03 billion in 2024 to $665.00 billion by 2032, at a CAGR of 22.4% during the forecast period.

Because of these rapid changes, companies face significant challenges, with a primary one being managing rising costs. The start-up addresses these issues head-on, offering up to 50% savings on storage costs and providing a self-optimizing, developer-independent solution.

Zivan Ori, CEO, said: “Our mission is clear – to give Finops and Devops teams the control they deserve with no effort or big changes to the system. With Datafy, we’re not just saving money; we’re transforming how businesses manage their data in the cloud. Today’s funding news is the next step in our journey as we continue to grow.”

 He is a seasoned leader with decades of experience in high-scale storage systems, both on-prem and in the cloud. In his last role, he led the EBS development team at AWS Israel, after the start-up he co-founded, E8 Storage, was acquired by Amazon. He filled many executive R&D positions in storage and cyber security startups. He is an alumnus of the “Talpiot” program, and holds a B.Sc. in Physics & Mathematics from the Hebrew University, and an M.A in Linguistics from UCL.

Liad Agmon, MD, Insight Partners, said: “In a world where AI is driving a dramatic increase in the need for resources, managing cloud storage efficiently is paramount. Datafy’s groundbreaking approach not only reduces costs but also empowers companies to focus on innovation rather than infrastructure management.“

Datafy’s flagship product, focusing on EBS (Elastic Block Store) on the AWS cloud, simplifies cloud storage management by auto-scaling data storage usage to ensure optimum management at a minimal cost.

This innovative and seamless solution – a click of a button to implement – leverages advanced algorithms to ensure data is stored most cost-effectively in the customer’s own cloud without requiring significant system changes or manual oversight.

About Datafy
Founded in 2023 in Tel-Aviv, Israel, it is setting a new standard in cloud storage management with its technology and expert leadership team, including industry veterans Zivan Ori, Yoav Ilovich, and Ziv Serlin. The company’s mission is to help enterprises control cloud storage costs, offering a solution that promises up to 50% savings on storage expenses. With the company, businesses can achieve self-optimizing, developer-independent cloud storage management.