Microsoft is lining up a bid to buy Israeli cloud-monitoring and analytics startup Cloudyn in a deal thought to be worth around $60 million, according to a report (in Hebrew) in local Israeli business publication the Calcalist.
Founded in 2012, Cloudyn’s software-as-a-service (SaaS) platform helps companies automate the process of monitoring their cloud costs by providing analytics and optimization tools. It’s all about improving cloud performance and efficiencies, with companies garnering real-time data across various operational and financial metrics.
Cloudyn has raised more than $20 million since its inception, including an $11 million round back in 2015, and claims some big-name clients, such as Hewlett Packard Enterprise (HPE) and Ticketmaster.
