Cloud spend management provider Kubecost raises $5.5M to help enterprises cut costs
Summary
Originally launched as an open source project by ex-Google Cloud Platform engineers in 2019, the startup offers free and paid services to handle infrastructure deployment and provide recommendations for reducing spend. “He and I felt inspired to create the Kubecost open source project in early 2019 as we saw engineering teams migrating to Kubernetes struggling with [fundamental] challenges. Demand was so strong for a cost monitoring tool purpose-built for Kubernetes that we ended up founding the company.” Kubecost directly integrates with cloud billing APIs to provide a window into how resources are being spent across clusters. But Brown says teams from over a thousand companies — including EA, Broadcom, Adobe, Equifax, and Siemens — are already using the Kubecost platform and that revenue grew over 7 times last year. “Unchecked growth in expenses can be catastrophic in scenarios where budgets need to be closely watched, and certainly companies are paying careful attention to spend as a result of the pandemic.