Spotinst Raises $2M in Series A Funding
Summary
Spotinst, a Tel Aviv, Israel-based cloud optimization startup, raised $2m in Series A funding.Led by Amiram Shachar, CEO, Spotinst uses advanced machine learning to provide a cloud utilization optimization platform for both enterprises and startups.The platform features a price prediction algorithm for advance alerting, monitoring of cloud metrics and atypical trend detection, optimal infrastructure utilization, automatic recovery and cost-aware action.It provides an API and UI for high-level reporting as well as a granular view of cloud deployments.The service currently optimizes cloud-computing deployments on Amazon Web Services and will introduce support for Google Cloud Platform and Microsoft Azure later this year.
Funding
Amount
$2.0M
Total raised
Date
March 6, 2016
Announcement date
Investors
Microsoft Accelerator Tel Aviv, PICO Partners, Springtide Ventures
Lead investors
Company
http://www.spotinst.com
Funded company
Classifications
industries
No industries detected
applications
AI & Machine learning
AskAI Classifications
Labels
Cloud Software
Cloud Infrastructure Management
FinOps Software
Linked Companies
Flexera
$50M to $100M