Spot is a provider of continuous cloud cost-optimization and management solutions.
Spot analyzes real-time data and usage patterns to identify opportunities for cost savings and performance improvements across cloud resources. By automatically optimizing the allocation of cloud instances and workloads, Spot enables businesses to reduce costs while maintaining optimal performance.
In addition, Spot offers real-time cost visibility and reporting. Its intuitive dashboard provides insights into its cloud spending, usage patterns, and cost allocation.
Spot's sales model revolves around offering subscription-based access to its platform.
In 2020, Spot was acquired by NetApp for USD 450 million. However, Spot continues to operate as a separate entity.
Key customers and partnerships
Spot serves a broad range of customers across many industries. Notable customers include Zalando, NetApp, Freshworks, Demandbase, Duolingo, and Finova.
Spot also integrates with major cloud service providers, including Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP).
Funding and financials
As of June 2023, Spot’s latest fundraising was in 2018 from a USD 35 million Series B round led by Intel Capital and Vertex Ventures.
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