Spotinst Raises Series A Funding Round to Optimize Cloud ‘Spot’ Market Utilization

TEL AVIV, Israel, March 8, 2016 /PRNewswire/ –Spotinst, a leading cloud utilization optimization company, announced today that it has closed a Series A financing round led by PICO Venture Partners.Using advanced machine learning, Spotinst provides an automated IaaS (Infrastructure as a Service) platform for both enterprises and startups. The service optimizes cloud-computing deployments on Amazon Web Services and will introduce support for Google Cloud Platform and Microsoft Azure later this year.By allowing cloud customers to bid on unused public cloud computing capacity, spot instances enable cloud customers to optimize the cost and quality of their cloud computing deployments. As the demand for spot instances has grown, it has become increasingly difficult for customers to secure the capacity they need at affordable prices.Spotinst’s algorithmic platform manages the bid process for its customers…


Link to Full Article: Spotinst Raises Series A Funding Round to Optimize Cloud ‘Spot’ Market Utilization