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        CoreStack, a provider of AI-powered multi-cloud governance solutions, has acquired Karthik Consulting LLC, a technology service provider specializing in cloud and cyber security, DevSecOps, and IT systems integration for the US federal government, for an undisclosed sum.
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        The acquisition aims to strengthen CoreStack's position in the Cloud-Native Application Protection Platform market and enhance its ability to deliver secure, AI-driven solutions for federal and enterprise customers while meeting federal compliance requirements.
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        Founded in 2008, Karthik Consulting offers IT and security solutions that are compliant with federal mandates such as the Federal Information Security Management Act (FISMA), Risk Management Framework (RMF), and executive orders. The company has 125 professionals and provides Software Factory capabilities with a continuous Authority to Operate systems supporting secure DevSecOps pipelines.
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    <a href="https://www.businesswire.com/news/home/20241120968152/en/%C2%A0CoreStack-acquires-Karthik-Consulting-to-accelerate-Federal-Market-Growth">
      Press release
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Cloud Optimization Tools

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 <p>AI-powered multi-cloud governance solutions provider, CoreStack, has purchased Karthik Consulting LLC, a company specialising in cloud and cyber security, DevSecOps, and IT systems integration for the US federal government. The financial details have not been divulged. </p>
 <p>This purchase is aimed at consolidating CoreStack's standing in the Cloud-Native Application Protection Platform market. It will also bolster its capability to offer secure, AI-driven solutions for both federal and enterprise customers in line with federal compliance standards.</p>
 <p>Established in 2008, Karthik Consulting provides IT and security solutions in line with federal regulations such as the Federal Information Security Management Act (FISMA), Risk Management Framework (RMF), and executive orders. The company has a 125-strong workforce and offers Software Factory capabilities with a continuous Authority to Operate systems supporting secure DevSecOps pipelines.</p>
 
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CoreStack acquires Karthik Consulting to expand federal presence

PROMINENT_CATEGORY

<div>
 
 <p>Cloud cost optimization firm, Zesty, has introduced a new platform called Kompass, designed to automate Kubernetes optimization. </p>
 <p>This multidimensional tool offers continuous cost optimization and provides detailed visibility of clusters, nodes, and workload costs. A key feature of the platform is HiberScale, a solution capable of hibernating nodes on a large scale and reactivating them within 30 seconds, a significant reduction from the customary five-minute reactivation period.</p>
 <p>Intended to assist DevOps and infrastructure teams in managing their Kubernetes clusters with greater efficiency, Zesty maintains that Kompass can decrease compute and storage expenses by up to 70%, while ensuring the continuity of application availability and adherence to service-level agreements.</p>
 
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Zesty launches Kubernetes optimization platform Kompass

ANALYST_QUICK_TAKE

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<p>Virtana, an IT operations management company, has introduced the Virtana Platform. This AI-powered observability solution offers comprehensive visibility covering on-premises, cloud, and Kubernetes environments. The platform also comes with a centralized AI-powered dashboard named the "Virtana Global View," which assembles alerts and data from diverse sources into one place.</p>
<p>Some of its key features include a unified alert dashboard, automatic discovery of topology, alert notifications, AI-based remediation, hybrid cost management, among others. The Virtana Copilot also facilitates natural language queries and the platform has been architectured to offer deployment flexibility across various environments.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> This aligns with the company’s strategy to expand into the observability space, enhancing its ability to deliver improved visibility across cloud and Kubernetes environments. Moreover,&nbsp; Virtana <a href="https:<br>
//sp-edge.com/updates/22185"> acquired OpsCruise </a> , a Kubernetes observability firm, in June 2023 to enhance its hybrid infrastructure observability capabilities.</p>

Virtana launches hybrid infrastructure observability platform

INCUMBENTS_PRESENT

<div>
 
 <p>CloudZero, a cloud cost management platform, has entered into a partnership with MongoDB. This collaboration is aimed at helping customers keep track of and optimize their MongoDB Atlas spending. The partnership has also resulted in a new in-platform MongoDB Atlas integration feature. This feature allows customers to consume cost and usage data without any need for extra infrastructure.&nbsp;</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> MongoDB Atlas is a cloud-based database service that automates key management tasks like scaling, backup, and security, making it easier for companies to deploy and operate databases at scale. The partnership with CloudZero enables businesses to gain insights into their Atlas spending, allowing organizations to manage budgets effectively and optimize their cloud investments.</p>

CloudZero partners with MongoDB to provide cloud cost management solutions

<div>
 
 <p>StormForge, a management platform for Kubernetes resources, has enhanced its Optimize Live product with features such as Java Virtual Machine (JVM) Workload Optimization and automated out-of-memory (OOM) Response.</p>
 <p>The JVM Workload Optimization utilizes Machine Learning (ML) to suggest heap and off-heap sizes along with Kubernetes resource requests and limits. The product provides a user-friendly interface to review and apply these suggestions. It also offers continuous performance monitoring and automatic deployment options.</p>
 <p>The product also incorporates an OOM Response feature, which is capable of automatically detecting and addressing out-of-memory events.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> JVM Workload Optimization is important for helping manage memory use in Java applications, ensuring they run efficiently. Optimizing heap and off-heap memory improves performance, while the OOM Response feature automatically handles memory shortages to prevent crashes. Together, these features make Kubernetes applications more reliable and cost-effective in demanding environments.</p>

StormForge launches JVM Workload Optimization for Kubernetes

<div>
 <p>PointFive, an enterprise cloud cost optimization platform, has secured USD 20 million in Series A funding. The round was led by Salesforce Ventures and included contributions from Index Ventures, Entree Capital, Sheva VC, and Vesey Ventures.</p>
 <p>This capital will bolster PointFive's expansion into multi-cloud environments, such as offering Google Cloud support and developing Azure capabilities. Furthermore, it will allow for the scaling of the company's sales and marketing initiatives in the US.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> Expanding into multi-cloud environments allows PointFive's customers to optimize costs across different cloud providers, reduce their reliance on a single platform, and enhance resilience. This funding round follows PointFive's <a href="https:<br>
//sp-edge.com/updates/30682"> seed funding round </a> of USD 16 million in June 2024, which was raised to support recruitment, invest in research and development, and bolster sales and marketing efforts.</p>

PointFive raises USD 20 million in Series A funding to expand into multi-cloud environments

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 <p>ScaleOps, a Kubernetes resource optimization platform, has secured USD 58 million in a Series B financing round. The round was directed by Lightspeed Venture Partners and saw contributions from NFX, Glilot Capital Partners, and Picture Capital. The raised money brings the total funding of the company to USD 80 million.</p>
 <p>The fresh funding will be utilized to increase the company's workforce from the present 60 to over 200 by the year 2026. Moreover, ScaleOps has launched new features that leverage AI power for predictive scaling and intelligent pod placement.</p>
 <p>ScaleOps, established in 2022, offers a cloud-native solution that enhances Kubernetes environments for cost-effectiveness and improved app performance. It continuously monitors and tweaks resources, thereby negating the need for manual configurations. This allows engineering teams to remain focused on key objectives. The company suggests cost savings of up to 80% on Kubernetes deployment. Among its famous clients are SentinelOne, Cato Networks, and Wiz.</p>
 
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ScaleOps raises USD 58 million in Series B funding to expand team

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 <p>CloudBolt, a leading cloud automation and orchestration platform, announced plans to establish a partnership with CloudEagle.ai, a renowned SaaS management platform. The vision behind this partnership is to develop a unified solution that will optimize cloud and SaaS expenses.&nbsp;</p>
 <p>In this integration, CloudBolt's cloud cost optimization platform is set to merge with CloudEagle.ai's AI-driven SaaS optimization capabilities. This collaboration will offer improved cost visibility, a unified dashboard experience, and regular optimization.&nbsp;</p>
 <p>The ultimate goal of this partnership is to assist organizations in managing their cloud and SaaS expenses more efficiently through a single platform.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> This partnership reflects CloudBolt’s commitment to optimizing infrastructure spending as clients scale up. In April 2024, the company <a href="https:<br>
//sp-edge.com/updates/28833"> partnered with StormForge </a> to integrate its machine learning algorithms into CloudBolt's FinOps tools, improving Kubernetes clusters and allowing real-time cost allocations.</p>

CloudBolt to partner with CloudEagle.ai to integrate cloud and SaaS cost optimization solutions

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 <p>Autonomous Discount Management (ADM) for Google Cloud Compute has been introduced by ProsperOps, a FinOps automation platform. The system handles both Committed Use Discounts (CUDs) and Flexible CUDs for a variety of Google Cloud services and optimizes financial savings by tailoring discount portfolios based on existing commitments and risk tolerance after analyzing usage patterns.</p>
 <p>ProsperOps, founded in 2018, is an AI-powered automation platform that manages reserved instances and savings plans to optimize cloud costs. The platform continuously monitors environments to maximize savings. ProsperOps provides cloud cost optimization solutions for AWS, Google Cloud, and Azure.</p>
 
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ProsperOps launches autonomous discount management for Google Cloud

<div>
 
 <p>Harness, a software delivery platform, has broadened its collaboration with Google Cloud to include GenAI technologies in the software development process. This advancement brings Harness AI Productivity Insights for Gemini Code Assist, producing statistics on enhanced productivity through AI.</p>
 <p>With this alliance, Harness AI Code Assistant will use Google Cloud's Gemini models for upgraded code administration. In addition, Harness Chaos Engineering works with Google Cloud's Cloud Build for better application dependability testing.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> The partnership aims to improve productivity and application reliability, enabling teams to adopt a data-driven approach for continuous innovation and optimization in their development processes.</p>

All Updates

CoreStack acquires Karthik Consulting to expand federal presence

Zesty launches Kubernetes optimization platform Kompass

Virtana launches hybrid infrastructure observability platform

CloudZero partners with MongoDB to provide cloud cost management solutions

StormForge launches JVM Workload Optimization for Kubernetes

PointFive raises USD 20 million in Series A funding to expand into multi-cloud environments

ScaleOps raises USD 58 million in Series B funding to expand team

CloudBolt to partner with CloudEagle.ai to integrate cloud and SaaS cost optimization solutions

ProsperOps launches autonomous discount management for Google Cloud

Harness expands partnership with Google Cloud for AI-driven software development

Cloud Optimization Tools

CoreStack acquires Karthik Consulting to expand federal presence

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