Provides tools to analyze and optimize AWS resource usage, identifying underutilized or idle services to reduce cloud infrastructure costs. By implementing automated recommendations and monitoring, it helps businesses lower their AWS bills while maintaining performance and scalability.
Funding
$9M 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
Many organizations struggle to optimize their cloud infrastructure spending on platforms like AWS, GCP, and Azure, often overspending due to underutilized resources or inefficient purchasing strategies. Identifying and addressing these inefficiencies requires specialized expertise and constant monitoring, diverting valuable engineering resources from core business objectives.
Solution
Usage AI provides an automated cloud cost optimization platform that helps businesses reduce their AWS, GCP, and Azure spending by 30-50% without requiring any code changes or downtime. The platform analyzes cloud resource utilization and automatically implements cost-saving measures, such as purchasing commitments, to unlock discounts on previously non-discountable usage. Usage AI's Insured Commitments product offers flexibility, allowing companies to scale rapidly without the risk of long-term lock-in. The platform requires minimal access to the cloud account, focusing on read-only access to instance sizes, launch times, and metadata, with write access limited to purchasing commitments.
Target Audience
Usage AI primarily targets high-growth companies that are looking to optimize their cloud spending and reinvest savings into further growth, including CTOs, IT leaders, and finance teams.
Features
- Automated identification of cost-saving opportunities across AWS, GCP, and Azure.
- Insured Commitments product to unlock high savings rates without long-term commitments.
- Read-only IAM policy for data access, ensuring security and minimal disruption.
- Percentage-of-savings pricing model, aligning incentives with customer outcomes.
- Fast onboarding process, with savings realized within minutes and zero engineering work required.
- Support for all major cloud providers, with continuous expansion to new platforms.