Swedish startup DBtune has successfully closed a €2.4 million seed funding round led by 42Cap, with participation from Axeleo Capital, Tiny Supercomputer Investment Company, Exxeta Ventures, JVH Ventures, as well as angel investors Kingston Duffie, Martin Hell and Peter Zaitsev.
DBtune’s approach simplifies the tuning process for database instances using artificial intelligence. Tuning the configuration parameters is a vital aspect of database management and can have significant performance ramifications. The configuration parameters of a database affect the way the data “flows” through the application and the interaction between the underlying hardware, which is, the interaction between RAM, CPU, and disk.
Through their flagship AI-based cloud and on-prem service, users can tune their database system effortlessly, freeing up valuable time for database administrators to concentrate on strategic initiatives and maximize efficiency and productivity. According to DBtune, their customers reduce their computing resource requirements, bringing more efficiency to their Financial DevOps (FinOps). In addition to saving on cloud credits, their users also reduce their CO2 impact, supporting their environmental, social, and governance (ESG) goals.
“This funding round will enable us to simplify tuning processes using artificial intelligence, empowering organizations to achieve unmatched efficiency and productivity in their database operations. Our mission is to redefine how businesses approach database optimization. With this funding, we’re all set to expand our product offerings, grow our talented team, and accelerate our journey towards transforming database management. I’m immensely proud of our 7-member team and our advisors who bring diverse expertise in machine learning, database, and cloud technologies,” said Luigi Nardi, Founder and CEO of DBtune.
The startup’s foundation is rooted in eight years of machine learning research and development in academia, as a spin-off from Stanford University and Lund University. The successful completion of this seed round marks a pivotal moment for DBtune. According to the company, with this funding, they are poised to enhance their product offerings, expand their team with new hires, and accelerate their growth.
Founded in 2020, DBtune’s development and sales team comprises 7 individuals who bring a diverse range of expertise in machine learning, database and cloud technologies to its mission.
Read the orginal article: https://www.eu-startups.com/2023/07/malmo-based-dbtune-closes-a-e2-4-million-seed-funding-to-achieve-ai-efficiency-in-database-operations/
