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Akron Ascent Innovations sells its assets, technology

Akron Ascent Innovations sells its assets, technology
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Cloud-optimization startup secures $5 million in seed funding

April 16, 2021
As more enterprises continue to expand their online operations due to the pandemic, the need for high-quality and budget-friendly cloud-optimization solutions are on the rise renting servers in the cloud from cloud providers can easily consume 50% of a company’s revenue. Exotanium, a software startup founded by faculty and researchers in the Cornell Ann S. Bowers College of Computing and Information Science and based on technology licensed through Cornell’s Center for Technology Licensing, helps companies reduce wasteful spending and leverage available cloud resources more efficiently.
Earlier this week, Exotanium announced completing a $5 million seed funding round led by Walden International and Nepenthe Capital LLC. This latest round of funding builds on an exceptional year for Exotanium, which also completed a successful pilot with software company, Autodesk, Inc. ....

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