DoiT International
Cloud technology and services
Year of Investment
2019
Sector(s)
Technology
Status
Current
Subsector
Cloud Computing
Website
doit.com(Link opens in new window)Headquarters
Tel Aviv, Israel
Team
DoiT International is a leading provider of cloud cost-management technology and services. The company provides training and support for public cloud workloads that have complex requirements such as real-time data and analytics and machine intelligence. Using machine learning, DoiT’s software platform enables customers to right-size workloads and reduce cloud costs across all major public cloud providers. Serving customers in more than 25 countries, DoiT can provide early and meaningful cost savings to customers and boosts engineer productivity as customers learn to design applications and deployments optimally for multi-cloud environments.
Investment Summary
Charlesbank's Technology Opportunities team invested in DoiT in 2019, partnering with management. The investment marked the first outside capital for DoiT, which was founded in 2011.
Charlesbank has been an incredible partner, especially in helping us navigate the challenges of scaling from a startup with 40 people to a global company with over 600 employees. ”
Vadim Solovey, DoiT International CEO
Executive Team Build
Charlesbank partnered with DoiT’s co-founders to build an experienced management team across all key business functions (e.g., product, go-to-market, talent, finance, etc.). This executive team has given the founders the leverage needed to scale the business at a rapid pace, as well as provided deep expertise and thought leadership in each domain.
Global Go-to-Market Expansion
DoiT targets a vast market opportunity by addressing pain points in the rapidly growing public cloud ecosystem. Since Charlesbank’s 2019 investment, DoiT expanded its global presence from two to 18 countries, growing salesforce and annual bookings by over 10x. To boost the top of the funnel, DoiT launched a BDR organization, channel strategy and other go-to-market programs.
Product Extensions
DoiT offers next-generation, intelligent software to optimize and automate public cloud usage spanning functionality in analytics, cost optimization, governance and operations. Guided by Charlesbank and its advisors, DoiT has developed a leading product and technology organization with robust analytics, cost optimization, governance and operations functionalities. DoiT’s global technology organization spans 14+ countries and is continuously expanding the platform's functionality with rapid releases.
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