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Spotinst

From EverybodyWiki Bios & Wiki




Spotinst
File:Spotinst logo
Private
ISIN🆔
IndustryCloud Computing
Founded 📆2015
Founders 👔Amiram Shachar, Liran Polak, Aharon Twizer
Headquarters 🏙️,
San Francisco
,
United States
Area served 🗺️
Worldwide
Key people
Amiram Shachar (CEO), Liran Polak (Chief Architect), Aharon Twizer (CTO)
Products 📟 Elastigroup, Multai Load Balancer, Spotinst Functions
Members
Number of employees
🌐 Websitespotinst.com
📇 Address
📞 telephone

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]

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]

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]

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].

On August 28th, 2018 Spotinst announced its $35 million in Series B funding from previous investors and Highland Capital Partners[10]

References[edit]

  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. 2015-10-21. 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. 2017-12-26. 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.
  10. "Spotinst, excess cloud capacity management service, snares $35M Series B". TechCrunch. Retrieved 2018-09-11.


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