Archera

Archera is a cloud cost management platform that offers tools for organizations to optimize their cloud spending and manage commitments more efficiently.

Archera's core product is a free cloud management platform providing comprehensive tools for managing savings plans, reserved instances, and committed use discounts across major cloud providers like Amazon Web Services (AWS) and Microsoft Azure. The platform also delivers cost and usage visibility, long-term forecasting, and assessments to help businesses make informed decisions about their cloud resources.

Its "Insured Commitments" offering allows customers to secure discounts on reservable cloud services with commitment terms. This feature helps organizations reduce the risk associated with long-term cloud commitments while benefiting from cost savings. Using AI, Archera predicts usage, prices insurance, and creates a marketplace for unused cloud commitments between customers. The company generates revenue through this insurance-backed model by assuming the risk of unutilized commitments on behalf of its customers.

Key customers and partnerships

As of July 2024, the company had over 400 customers and USD 7 million in annual revenue. Its key customers include Attunely, Hiya, Valtix, kumu, and Zebrium.

As of August 2024, Archera had an ongoing partnership with AWS, with nearly 100% of its revenue flowing through the AWS Marketplace.It was expanding its presence to other cloud service providers and had plans to establish similar agreements with Microsoft and Google.