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IndustryCloud Computing
FoundersAmiram Shachar, Aharon Twizer, Liran Polak
San Francisco
United States
Area served
Key people
Amiram Shachar (CEO), Aharon Twizer (CTO), Liran Polak (Chief Architect)
ProductsElastigroup, Multai Load Balancer, Spotinst Functions

Spotinst is software company based in San Francisco that provides a service that helps businesses optimize their cloud utilization and reduce their cloud computing cost through the use of Amazon's EC2 Spot Instances[1]. In 2017, Spotinst was named by Deloitte as Israel's Rising Star Winner with a 1370% revenue growth [2] and In May 2018, Spotinst announced its plans to increase its workforce by 50% from 100 to 150 employees by the end of the year[3].

Technology[edit | edit source]

Spotinst's platform integrates to IaaS providers such as Amazon Web Services, Google Cloud Platform and Microsoft Azure[4][5].

Spotinst additionally offers a serverless framework utilizing its underlying spare capacity technology[6]

History[edit | edit source]

Spotinst was founded in 2015 by Amiram Shachar, Liran Polak, and Aharon Twizer, who met while serving together in the Mamram unit of the IDF[7].

Funding[edit | edit source]

In February 2015, Spotinst raised a 600k seed round [8].

On July 2nd, 2017 Spotinst raised a $15 million Series A from Intel Capital and Vertex Venture Holdings[9].

References[edit | edit source]

  1. "Spotinst raises $15M to help businesses better utilize the cloud | Fredrick Lardinois, TechCrunch". Tech Crunch. Retrieved 2018-03-04.
  2. "Israel 2017 Rising Star winners | Deloitte". Deloitte. Retrieved 2018-03-04.
  3. "ספוטינסט הישראלית מגייסת 50 עובדים - מגדילה ב-50% את כוח האדם". Calcalist www.calcalist.co.il. 2018-05-17. Retrieved 2018-08-01.
  4. "Spotinst delivers spot cloud infrastructure services at discount prices| Ron Miller, TechCrunch". Tech Crunch. Retrieved 2018-03-04.
  5. "GTC2015: Spotinst cuts cloud costs for more powerful computing! Gabriel Avner, Geektime". Geek Time. Retrieved 2018-03-04.
  6. "Early adopters face AWS Lambda cost management challenges". SearchAWS. Retrieved 2018-08-01.
  7. "Spotinst: Making the Most of Cheaper Excess Compute Capacity | Susan Hall, The News Stack". The News Stack. Retrieved 2018-03-04.
  8. "Spotinst delivers spot cloud infrastructure services at discount prices| Ron Miller, TechCrunch". Tech Crunch. Retrieved 2018-03-04.
  9. "Cloud cost management co Spotinst raises $15m| Globes". Globes. Retrieved 2018-03-04.

This article "Draft:Spotinst" is from Wikipedia. The list of its authors can be seen in its historical and/or its subpage Draft:Spotinst/edithistory. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.

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