Fylamynt Raises $6.5 Million from Google
MOUNTAIN VIEW, Calif., Dec. 4, 2020-- Fylamynt, a cloud automation platform raises $6.5 million in seed funding. Fylamynt allows cloud engineering teams to build, run and analyze automation workflows securely for any cloud with little to no code. The seed round is led by Gradient Ventures, Google's AI-focused fund, with additional investment from Mango Capital and Point72 Ventures.
The cost of operations is still very high in Fortune 1000 enterprises with application downtime costing an estimated $1.25 to $2.5 billion per year and the average cost per hour for critical application failures is $500,000 to $1 million.
Cofounders Dr. Pradeep Padala, Dr. Xiaoyun Zhu and David L...