FLASH: Triangle Tweener PerfectScale Acquired by DoiT International
DoiT adds PerfectScale to their portfolio to help Kubernetes clients optimize and improve governance.
Triangle companies continue to be in the heart of the bullseye for larger strategic companies and PE firms. Today we have the scoop on the 6th (Element451, BioSpatial, Pattern Health, Feedtrail, Roobrik) Triangle startup exit in less than three months!
In this post we have details of the acquisition and an exclusive interview with the founder.
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The Deal
Earlier today, DoiT(Santa Clara) International announced they acquiring PerfectScale (Raleigh, NC) for an undisclosed amount.
The DoiT CEO, Vadim Solovey said this in the press release:
“While the application ecosystem keeps shifting, Kubernetes remains at the heart of infrastructure environments,” said DoiT CEO Vadim Solovey. “We reviewed the landscape of Kubernetes observability and automation platforms closely and PerfectScale had the best combination of capabilities, market timing and value. PerfectScale is modern, incredibly well-built, has amazing user experience and simplifies Kubernetes operations, optimizing cost while promoting more performant and resilient environments.”
Triangle Tweener Fund invested in PerfectScale in August of 2023 as we were big believers in the what the team was building and the need for cloud infrastructure optimization. The company raised ~$10m in a pre-seed and seed round before the exit)
About DoiT
DoiT has over 700 employees (LinkedIN) and has raised over $100m (Crunchbase). they provide services and software to a wide variety of companies looking for cloud services and strategies. PerfectScale is their fourth acquisition.
About PerfectScale
Kubernetes is a popular container technology that is useful in complex cloud infrastructure implementations. Founded in 2022, the company has exited after three years. PerfectScale uses AI to optimize and help configure their kubernetes infrastructure. The company is releasing a GPU version of their solution that will help companies leveraging AI to optimize their inference compute which is the highest source of cloud workload growth right now and only going up.
Exclusive Interview: PerfectScale Founder, Amir Banet
Amir was kind enough to take time out of his busy schedule and share his backstory, how they came to found PerfectScale. He also goes over how they met the DoiT team and how the acquisition came to be.
Congratulations to Amir and the team on a great exit and strategic partnership going forward.
Are we Done with all this awesome M+A? Nope….
What’s exciting is there is a lot more activity in various stages for ~4 more companies right now. Stay tuned, we’ll have the details as they become available.