Exostellar Raises $15M Series A

Exostellar, a Santa Clara, CA-based provider of a cloud resource optimization and management platform, raised $15M in Series A funding.

The round was led by Celesta and Cambium Capital, with participation from Candou Ventures and AI Capital Partners.

The company intends to use the funds to expand operations and to propel its technology into the AI-GPU domain.

Led by CEO and President Tony Shakib, Exostellar is a cloud resource optimization and management platform that uses Artificial Intelligence (AI) and Machine Learning (ML) to help enterprises reduce spending in the cloud while enhancing both operational security and performance.

The company’s strategy involves amplifying its X-Compute platform and extending its CPU live migration IP to encompass GPU-centric AI workloads.