With $3.6M in fresh funding, YotaScale optimizes cloud computing for enterprises

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YotaScale, a graduate of Alchemist's enterprise accelerator, is announcing a $3.5 million venture round today from Engineering Capital, Pelion Ventures and angels Jocelyn Goldfein, Timothy Chou and Robert Dykes. The startup employs machine learning to help balance performance, availability and cost for enterprise cloud computing. Competitors CloudHealth Technologies and Cloudability have raised a combined $80 million in the hot space. Cloud computing has rapidly become integral to businesses in just about every industry. But the quick pace of innovation has made it hard to monitor ever-evolving cloud infrastructure.