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29th August 2018

Spotinst raises $35 million in a Series-B funding

Spotinst has raised $35 million in a Series-B funding round for its AI based workload management platform, which helps companies to manage and optimize their cloud computing spend across several cloud providers.

The funding round was led by Highland, with participation from existing investors Leaders Fund, Intel Capital, and Vertex Ventures. Spotinst has now raised approximately $52m since launch.

Founded by Amiram Shachar, Liran Polak and Aharon Twizer in 2015, Spotinst helps businesses to manage their compute infrastructure across different cloud providers, while also achieving savings of 80% on average on regular cloud computing costs, by tapping into excess compute capacity in data centres operated by Amazon Web Services, Microsoft Azure and Google Cloud.

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