In addition to cost-cutting, Polar Signals' technology offers other benefits such as aiding in incident response efforts during a DDoS attack. The company, founded in 2020 by ex-Red Hat engineer Frederic Branczyk, has over a dozen paying customers including Vercel, Materialize, Canonical, and Weaviate. With the new funding, Polar Signals plans to expand its team and scale its operations. The company currently has 11 employees, with the majority based in Germany, and others in Spain, the U.K., Poland, and India.
Key takeaways:
- Polar Signals, a startup that helps enterprises reduce their cloud costs by writing more efficient code, has secured $6.8 million in funding from backers including Alphabet’s GV, Spark Capital, and Lightspeed.
- The company uses a method called 'continuous profiling' to monitor resource consumption and identify bottlenecks in a codebase that might be causing excessive resource expenditure.
- Polar Signals is the main developer behind Parca, an open-source project that tracks CPU and memory usage, and has recently launched a commercial service called Polar Signals Cloud.
- Alongside the funding news, the company has introduced AI-powered suggestions to improve code, which is available via an early-access program.