Netris Raises $15 Million Series A From Andreessen Horowitz for Neocloud Automation
Updated
Updated · TechCrunch · Jun 25
Netris Raises $15 Million Series A From Andreessen Horowitz for Neocloud Automation
1 articles · Updated · TechCrunch · Jun 25
Summary
$15 million in Series A funding will help Netris expand its network-automation platform for AI-focused neocloud operators, with Andreessen Horowitz partner Guido Appenzeller joining the board.
Netris says its software cuts months of setup work by automating switch configuration, operations and multi-tenant isolation, reducing the time expensive GPU clusters sit idle before going live.
More than 35 GPU clusters worldwide—covering about 1 million GPUs—already run the platform, and CEO Alex Saroyan said it works across vendor hardware used with both Nvidia and AMD servers.
The company plans to use the new capital to hire engineers and sales staff, add support for more hardware vendors and extend its existing automation algorithms rather than add generative AI.