Jisto Announces raised $2.45M

What does Jisto do?

Jisto, is a novel enterprise solution for maximizing computer resource utilization. It is transforming idle computation cycles in companies into a powerful cloud computing platform capable of taking on huge computations. The company enables in running extra applications in their stranded server capacity without impacting the performance of their main applications. This company is unique combo of resourceful and excellent technical team, strong technology and proven management skills and they use a large market opportunity which fits right within the investment strategy of .406. The company’s  Elastic Workload Manager monitors the resources uniquely which are being used by all the applications in real tie and deploys extra workloads into the idle capacity whenever possible. This manager mitigates the resource contention and allocates resources to the higher priority applications to support the peak loads.

How much Jisto was funded?

Jisto raised $2.45M seed fund on February 12^th, 2016 from the investor .406.

What is next for Jisto?

Jisto plans to use the funding raised for continuing to build its engineering, sales and marketing. As a part of the funding the managing partner and partner of the round’s investor .406 will be joining the company’s board of directors. The company has plans of debuting its Elastic Workload Manager at Container World 16 to held on February 17-18 in Santa Clara.

More about Jisto

The company was founded in 2013 by Andrey Turovsky and Aleksandr (Sasha) Biberman. It has its headquarters in Boston, Massachusetts. It is a company which allows the enterprise consumers in maximizing their data centre resources. The company is a Edison award finalist this year and a silver winner in the Masschallenge 2014. The company allows additional applications such as forecasting, simulation, genomic sequencing and other higher performance computing applications for gaining access into the stranded resources within existing computing infrastructure without having to purchase any additional hardware.