INSUBCONTINENT EXCLUSIVE:
Spotinst, the startup that helps companies find lower-cost spot instances in the cloud, announced today that it was rebranding as Spot
It also announced a brand new cloud usage dashboard to help companies get a detailed view of their cloud spend.Amiram Shachar, co-founder
picture view of how they are deploying cloud resources to optimize their usage, which could be useful for the financial side of the house
an automated fashion.Spot instances are a product where cloud vendors deploy their unused resources for much lower cost, while reserved
instances provide a discounted rate for buying resources in advance for a set price
However, spot instances have a big catch: when the cloud vendor needs those resources, you get kicked off
Spot helps in this regard by safely moving the workload to another available spot instance automatically.Spot was founded in 2015 and has
raised more than $52 million, according to Crunchbase
Shachar says the company is in the $30 million revenue range and this new product should help drive that higher.
