Cloud services provider DoiT has announced a $250m war chest to acquire companies in the field and expand it's footprint.
The cloud optimisation firm is targeting companies specialising in autonomous cloud optimisation, AI-driven CloudOps, cloud reliability, performance, and security. The investment is supported by a 40% growth in 2024 annual revenue, said the firm.
DoiT currently has 4,000 customers across over 75 countries, and has deep expertise in the Amazon Web Services cloud.
With organisations increasingly relying on the public cloud, the complexity of managing workloads is reaching new heights, said the provider. "AI-powered cloud operations are set to redefine how businesses optimise infrastructure, enhance security, and drive operational efficiency."
“FinOps teams have too much data and not enough context,” said Vadim Solovey, CEO of DoiT. “We see an immense opportunity to further integrate next-generation AI capabilities into DoiT Cloud Intelligence, a platform that enables businesses to autonomously optimise rate and usage, all while balancing security, performance, and reliability.”
DoiT’s recent acquisitions of PerfectScale and LiveDiagrams are part of a broad M&A strategy to build an advanced AI-powered enterprise-grade FinOps platform. To build on the strategy, the company wants to acquire firms specialising in:
-Autonomous cloud cost optimisation, specifically in storage, networking, and AI workloads
-AI-driven CloudOps automating break/fix runbooks, especially in Kubernetes-first environments
-Cloud management solutions focusing on reliability, performance optimisation, and security measures
Solovey added: “With this fund, we’re doubling down on our mission to bring intelligent, autonomous cloud management to modern companies that are delivering the next wave of innovation.”
In February 2023, DoiT acquired Netherlands Google reseller Incentro.
