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Fylamynt declares raising USD 6.5Mn for its automation platform

Fylamynt declares raising USD 6.5Mn for its automation platform
Fylamynt declares raising USD 6.5Mn for its automation platform

Cloud workflow automation service provider, Fylamynt has reportedly made it to the headlines for two major announcements. The firm has officially launched a new platform and has also managed to raise USD 6.5 million through a seed funding round led mainly by Google’s AI-centric Gradient Ventures fund, along with participation from Point72 Ventures and Mango Capital.

For the record, the Fylamynt service presently connects to the Datadog, Terraform, CloudWatch, CloudFormation, Ansible, Slack, Jira, Instance, and Kubernetes clusters. According to the company, governance and compliance, automated remediation, and cost and performance management are some of the standard use cases for its service. Currently, the firm is working with numerous design partners, including Snowflake.

At present, the Fylamynt team, inclusive of 20 employees, aims to use the funds on its R&D portfolio, build its product (connectors), as well as expand its go-to-market team. The company also offers a free plan and enterprise pricing.

As per sources, Fylamynt’s CEO Pradeep Padala boasts of quite some experience in the infrastructure business. Padala co-founded an early container-management platform – ContainerX, and sold it to Cisco later on. Prior to that, he worked at VMWare and DOCOMO Labs.

Fylamynt basically aims to eliminate the effort required to write the code to automate infrastructure operations, by enabling developers to write JSON or Python to automate their workflows or to adopt Fylamynt’s visual no-code drag-and-drop tool. This provides developers with considerable flexibility in the way they want to use the service.

The Fylamynt team is currently also concentrating on enhancing its analytics capabilities which can help developers in workflow debugging. Already, this service provides log and audit trails, however, the team plans to expand its AI capabilities and enable it to recommend the right workflows. Eventually, people must be able to automate any service or connect any code, for which AI is the enabler, claims Padala.

Source Credit: https://techcrunch.com/2020/12/02/fylamynt-raises-6-5m-for-its-cloud-workflow-automation-platform/

 

 

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Sunil Jha

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