Companies can gain market traction by undercutting rivals on price or using connections to find customers quickly. nOps is an example of this. The company sells software that helps businesses manage cloud budgets efficiently. nOps has grown rapidly, serving AWS customers exclusively.
nOps claims to have grown its customer base by 450% over the past 18 months, managing over $1.5 billion in AWS cloud spend. Investors were impressed, leading to a $30 million Series A funding round. Founder and CEO JT Giri, with a background in cloud industry, founded nClouds before launching nOps in 2017 to focus on AWS solutions.
Giri explained that as companies tighten budgets, a solution offering a comprehensive view of cloud costs is essential. Many companies struggle to manage cloud spend effectively, especially with increasing investments in cloud-hosted AI projects.
nOps tackles cloud optimization challenges by providing dashboards showing AWS spend and automated tasks for cost savings. Using AI and machine learning, nOps optimizes compute needs for efficiency, reliability, and cost. The company’s pricing structure is based on a percentage of cost saved by the client.
Giri did not disclose nOps’ revenue or customer numbers but implied that the Series A funding has positioned the company well for the future. The plan is to increase headcount, develop integrations with AWS products, and open-source cost optimization tools.
nOps aims to help organizations reduce monthly cloud costs by identifying inefficiencies and enabling resource optimization through automation or single-click changes.
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