MilkStraw AI raises $600k in pre-Seed round to expand in MENA
Funding accelerates cloud cost optimisation startups expansion plans
#UAE #cloudoptimisation – UAE and San Francisco-based MilkStraw AI has raised $600,000 in pre-seed funding to expand its cloud cost optimisation software across the MENA region. The funding round, led by Flat6Labs, with participation from Angel Spark, Beyond Capital, and angel investors, will help the company enhance its product, grow its engineering team, and strengthen customer support. Launched in 2024, MilkStraw AI’s technology promises businesses up to 75% savings on Amazon Web Services (AWS) cloud costs by automating and optimising infrastructure costs.
SO WHAT? – MilkStraw AI tackles a growing problem for companies reliant on cloud services: cost inefficiency. With demand for cloud cost optimisation rising globally, MilkStraw’s AI-powered solution stands out as an essential tool for fast-growing businesses, especially in regions like MENA, where cloud adoption is growing fast and the demand for AI compute is growing fast.
Here are some key points from the announcement:
UAE and San Francisco-based MilkStraw AI has secured $600,000 in pre-Seed funding to fuel MENA expansion in a round was led by Flat6Labs, with support from Angel Spark (UAE), Beyond Capital (Jordan), and others. Key angel investors include tech leaders like Mahesh Murthy and Ghassan Halawa.
MilkStraw AI, founded in 2024 by Jawad Shreim, helps companies save up to 75% on Amazon Web Services (AWS) cloud costs. Clients include tech firms such as Magnitt, Voltlines, RISE and Washmen.
The AI platform provides reserved instance pricing with on-demand flexibility.
Funds raises by Milkstraw will be used for product development, hiring, enhancing customer support and expansion across the Middle East and North Africa (MENA) region.
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