ProsperOps is an autonomous cloud platform that utilizes sophisticated algorithms to continuously optimize commitment-based discounts across AWS, Azure, and Google Cloud environments. It addresses the challenge of excessive cloud spending by automating cost management, enabling organizations to achieve significant savings with minimal ongoing effort.
Funding
$72.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
FinOps teams face ongoing challenges in optimizing cloud costs due to the dynamic nature of cloud workloads, leading to wasted spend. Manually managing cloud commitments to optimize rates is time-consuming and can result in missed savings or paying for unutilized commitments.
Solution
ProsperOps provides an autonomous cloud platform that continuously optimizes commitment-based discounts across AWS, Azure, and Google Cloud, reducing cloud costs with minimal effort. The platform uses algorithms to adapt to changes in usage in real time, increasing coverage while avoiding lock-in risk. It tracks key performance indicators, such as Effective Savings Rate (ESR) and Commitment Lock-In Risk, and highlights team-level allocation of commitment cost and savings.
Target Audience
The primary customers are FinOps, DevOps teams, and cloud resellers/MSPs, ranging from startups to enterprises, who want to optimize their cloud spending and reduce the manual effort involved in managing cloud commitments.
Features
- Autonomous management of AWS Savings Plans and Reserved Instances, Azure Savings Plans and Reservations, and Google Cloud Committed Use Discounts
- Real-time adaptation to changes in cloud usage patterns
- Algorithmic optimization to increase commitment coverage and avoid lock-in risk
- Continuous monitoring of Effective Savings Rate (ESR)
- Intelligent Showback for reallocating commitment costs and savings
- Support for multiple cloud environments, including AWS, Azure, and Google Cloud