AWS cost optimization technology provider nOps has completed a $30 million Series A investment round led by Headlight Partners. The funding will support the company's aim to assist enterprises globally in addressing one of the most significant IT challenges of the previous decade—understanding, managing, and lowering cloud expenditures.
“With the support from Headlight Partners and our other investors, this funding will help us meet the growing demand for our FinOps platform. By empowering our customers to reliably optimize their AWS cloud usage and costs, while increasing productivity for developers and engineers, nOps is turning IT back into an innovation driver – not a cost center,” said JT Giri, CEO and founder of nOps.
nOps enables enterprises to better align their AWS cloud expenditures with their strategic computing requirements.
As a FinOps Foundation member, nOps' comprehensive platform extends beyond point solutions, providing FinOps, DevOps, Engineering, and Finance teams with total insight into their AWS expenditures. The platform leverages AI and machine learning to analyze computing requirements and automatically optimize them for efficiency, reliability, and cost.
With the increasing use of AI and generative AI pushing up cloud consumption, nOps' platform streamlines monitoring and allocating charges for these workloads. The platform presently manages over $1.5 billion in AWS cloud spending and has grown its customer base by 450% in the last 18 months.
nOps distinguishes itself from other cloud management systems by automating the optimization of computing resources and costs. Its platform includes three main solutions:
- Business Contexts: Provide complete visibility into AWS spending, from the largest resources down to container prices, while simplifying cost allocation and reporting.
- Compute Copilot: Effectively manages autoscaling technologies, increasing efficiency and stability while lowering costs.
- Cloud Optimization Essentials: Automates resource scheduling, rightsizing, shutting down idle instances, and optimizing Amazon Elastic Block Storage (EBS) volumes.
The funding will speed up the development of nOps' FinOps platform, broaden integrations with AWS and open-source technologies such as Karpenter, and improve the client experience.
