Spot

Cloud Deployment Cluster Optimization

Development, Enterprise
Artificial Intelligence Machine Learning
Founder alumni from military unit MAMRAM

Business Overview

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.

Operating Status
Acquired
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

Calculated as the average ratio between the current funding round amount raised and the previous funding round amount raised. Note that 'plus' rounds are summed together. i.e. Series A = Series A and Series A+.
Funding Growth Multiple
4.4x

New wpDataTable

Date Announced

Funding Round

Amount Raised

Investors

Exit Events and Acquisitions

Date Announced

Transaction

Consideration

Target

Acquirer

June 2020
Acquisition
$450 M
NetApp

Revenues

Date

Revenue Type

Amount

2019
Annual
$20M
2019
ARR
$22M

AI Technology Stack

AI employees
2
AI application
Vertical AI
AI types
Artificial Intelligence, Machine Learning
Cloud provider
Amazon Web Services

In The News

Startup Spotlight: Forager wants to help local food digitalize by connecting farmers and buyers | AgFunderNews

October 13, 2020

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