Spotinst, which helps you buy AWS spot instances, raises m Series A

Spot instances on AWS can help you save quite a bit of money over paying for a regular virtual machine on EC2. In return, though, these machines may shut down at any time when demand for regular machines increases.Spotinst helps business manage both the cost and management of these spot instances, with support for Google Cloud Platform’s preemptible machines and Azure, which doesn’t currently offer spot instances, coming soon. The company tells me it is working with the Azure team “to find the right solution” for its customers. The Tel Aviv-based company today announced that it has raised a $2 million funding round led by PICO Venture Partners. Spotinst says it uses advanced machine learning to optimize the spot instance bid process for its customers and help them predict when Amazon…


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