Fylamynt Cloud Automation Platform Launch

Cloud automation platform, Fylamynt, announced its launch on December 2nd, with $6.5 million in seed funding. With little to no code, the platform provides cloud secure capabilities for building, running, and analyzing automation workflows. Rather than attempting to replace similar platforms in this competitive field, Fylamynt is instead providing integration for numerous cloud platforms and code all in one space. The funding comes from Gradient Ventures, Mango Capital, and Point72 Ventures, among others.

With experience in web-scale and shipping infrastructures for both private and public cloud, and helping companies manage their cloud operations, cofounders, Dr. Pradeep Padala, Dr. Xiaoyun Zhu, and David Lee started Fylamynt in 2019. They wanted to resolve issues surrounding high operations costs due to application downtime and failures. These technical issues can cause enterprises up to $2.5 billion per year, or up to $1 million per hour. Fylamynt augments workflows with AI, which enables the connection of any code, including integrating code from Terraform and Ansible (two commonly used code software tools) with any infrastructure service through site reliability engineering (SRE). This means that you can connect and use codes and tools from multiple cloud services. For example, if you’re using a script from one platform and a template from another, Fylamynt integrates and connects them to create a fast and efficient infrastructure workflow build. Fylamynt also works on the top three cloud providers: Amazon Web Services, Google Cloud, and Microsoft Azure. 

Are you developing new tech? Did you know your R&D experiments could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:


Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes. 

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPA’s. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

Recent Posts