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SETsquared Scale-Up Programme member YellowDog extends funding to secure global expansion

SETsquared Scale-Up Programme member YellowDog extends funding to secure global expansion

Award-winning UK enterprise software provider completes £2.5m funding round led by Bloc Ventures.

Bristol based YellowDog, a SETsquared Scale-Up Programme member, which provides high-performance cloud compute orchestration technology to some of the world’s most successful entertainment studios and financial services firm  has secured £2.5m additional funding led by Bloc Ventures, an investment company founded by industry veterans from ARM Holdings and Vodafone.

YellowDog CEO Gareth Williams

YellowDog’s award-winning Cloud Orchestration and Workload Scheduling platform uses highly advanced machine learning (ML) to better predict the compute resources needed to execute complex computational workloads. More accurate prediction and scheduling of workloads, combined with intelligent orchestration drastically increases the efficient use of compute resources, lowering the total end-to-end marginal cost of compute, whilst also increasing the level of determinism for when workloads will be completed. YellowDog’s unique orchestration architecture not only reduces the cost of compute, but also the cost of the connectivity required to access the compute, something often overlooked when considering high performance computing in the cloud. Applications include optimised orchestration of both on premise, private, public and or hybrid-cloud compute infrastructure.

In situations where resilience of compute is paramount, such as in financial services, YellowDog’s technology is capable of orchestrating workloads across a multi-vendor cloud fabric which introduces a new unprecedented level of real-time business resilience and continuity. YellowDog also announced that it has appointed Reid Downey to its Board of Directors. Gareth Williams, CEO of YellowDog said “We are excited to welcome Reid to the Board and to secure this further funding given our tremendous year of growth ahead. With our recent wins in the financial services market and more in the pipeline for this year, we are only at the tip of the iceberg in this market. The funding will enable us to support our global customer base and extend our technology into new markets such as aerospace.”

Bruce Beckloff, CEO of Bloc Ventures, said “Bloc has worked closely with Gareth and the team since our initial investment at the end of 2017. We have been impressed by YellowDog’s progress in developing and deploying their technology into new vertical markets, most notably financial services. YellowDog is on track to become an enterprise software provider of global scale and we are pleased to support the company to achieve their goals.”

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