Company Overview
- B2B startup incubated in a Tech Accelerator program
- $30M annual revenue
Tech Overview
- AWS-native productf ocused on cloud cost optimization
Business & Technical Challenges
- Companies migrating to the AWS Cloud have no tools to effectively manage costs. They would like to:
- Automatically tackle “quick wins” of cost savings
- Achieve non-stop monitoring and savings
- Strong ROI and easily communicable results
- Savings across regions, business units, availability zones and developer accounts
- 100’s of different native services used by developers – hard to separate mission-critical components from “pilot” ones
- Architected and developed the product, launched it with beta customers and transferred over to client once stability and milestones were achieved
- Designed a flexible menu of “savers” that a customer can use – e.g.
- Remove idle users from QuickSight
- Archive EBS volumes that haven’t been accessed for 90 days
- Move IO instances from gp2 to gp3
- The team continues to develop new “savers” based on latest AWS guidance to keep driving ever-greater savings opportunities
- Developed standardized reporting of weekly / monthly savings
- Established firm as a leader in its target market
- Flexible design allows client to keep building more automated “savers”
- Customers need no additional resources / investments to manage product
- Client has used product to grow rapidly from $0 to $30M in revenue with significant market share
- Customers see 10-20%+ savings on their AWS Cloud spend bills
- Focus on low-hanging savings with zero risk and minimal downtime improves the overall sales and delivery process
- Build-Operate-Transfer model enabled client to go from concept to launch in a fraction of time otherwise required