Shooting for the Stars: Exostellar Raises $15 Million Series A Round
Exostellar, a cloud resource optimization and management platform, is on the trajectory to be a star in the tech startup world. The Rev Alumni Stardom company, founded by Cornell University computer science professor Hakim Weatherspoon, recently announced a successful $15 million Series A round — bringing Exostellar’s valuation to $40 million.
With the new funding, the company will continue working towards the development of AI-enabled cloud GPU resource optimization solutions. The oversubscribed round was led by Celesta and Cambium Capital, with participation from other venture capital firms across the country.
This raise also marks a new chapter in Exostellar’s history, with Tony Shakib stepping into the role of President and CEO as Weatherspoon transitions to Chief Scientist.
Read more about Exostellar’s technology and impact in TechCrunch.