Spot
Acquired

Cloud Deployment Cluster Optimization

Development Enterprise
Artificial Intelligence Machine Learning

Business Overview

DESCRIPTION

Spotinst is a cost-oriented, cloud-deployment cluster, across data centers and instance types, auto-scaled and auto-optimized. Spotinst can be deployed on Amazon Web Services, Google Cloud Platform, and Microsoft Azure. Spotinst has designated machine-learning software that makes DevOps and financial decisions in real time and saves the overhead and management of cloud-computing purchasing options such as on-demand, reserved, and bidding strategies for spot instances. Spotinst chooses the most cost-effective compute resources based on users’ application workload, allowing users to focus on business growth.

FOUNDED
February 2015
EMPLOYEES
180
BUSINESS MODEL
B2B
OFFERING TYPE
Software
FUNDING STAGE
Series B
TOTAL FUNDING
$52.6 Million
SECTORS
Development Enterprise

Founders

Spot
Amiram Shachar
CEO

Funding Rounds

Date Announced

Funding Round

Amount Raised

Investors

February 2015
Pre-Seed
$0.6 M

AI Technology Stack

AI EMPLOYEES
2
AI APPLICATION
Vertical AI
AI TYPES
Artificial Intelligence Machine Learning
CLOUD PROVIDER
Amazon Web Services

CONTACT

Exit Event

TRANSACTION
Acquisition
DATE ANNOUNCED
June 2020
ACQUIRER
NetApp
CONSIDERATION
$450 M