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May 10, 2023

Antimetal raises $4.3 million in seed funding

With Antimetal, cloud savings are automated without coding or engineering

Antimetal, a cloud cost optimization platform based in New York, has emerged from stealth and announced that it has raised $4.3 million in seed funding.

The round was led by Framework Ventures, with participation from Chapter One, IDEO CoLab Ventures, Polygon Ventures, Alchemy Ventures, and Builder Capital. Several notable angel investors also participated, including the Ecosystem Lead at Starkware, the Software Engineer at Optimism, the CEO of Waymont, and the Founder and CEO of Saddle.

The funds raised will be used to expand Antimetal's engineering team and continue to develop the platform. With a one-click integration, Antimetal's AI-powered platform can analyze an entire account, create a custom risk model, and determine the most effective strategy for each company's specific situation within seconds.

By providing startups and enterprises with the ability to save millions on cloud costs, Antimetal enables these companies to allocate their resources elsewhere and ultimately focus on their bottom line. With this new funding, Antimetal is poised to continue making a significant impact in the cloud cost optimization industry

Neil Hodgson Coyle
Neil Hodgson-Coyle
Editorial chief at TechNews180
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