@taskmaster4450le "## [nOps lands $30M to optimize AWS customers' clo..." by taskmaster4450le

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hive-167922 · @taskmaster4450le · Aug 27 '24

@taskmaster4450le "## [nOps lands $30M to optimize AWS customers' clo..."

## [nOps lands $30M to optimize AWS customers' cloud spend](https://techcrunch.com/2024/08/27/nops-lands-30m-to-optimize-aws-customers-cloud-spend/)
nOps, a startup building tools to optimize AWS customers' cloud spend, has raised $30 million in a new funding round.

Companies don’t necessarily have to produce breakthrough technology to gain market traction. Undercutting rivals on price can be enough to make a dent in a competitive sector. So can leaning on connections to land customers in need of a timely solution to a problem.

nOps is an example of this. Like countless other vendors, nOps sells software designed to “optimize” the budgets that businesses allocate to cloud products and services. But the firm has managed to expand faster — and bigger — than many of its rivals, perhaps in part because it serves AWS customers exclusively.

#newsonleo #technology #nOps #funding

👍 barski, beemd

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@barski · Aug 27 '24

@barski "The probability that 30 million will turn into a c..."

The probability that 30 million will turn into a cloud is very high :) !HUG

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@taskmaster4450le · Aug 27 '24

@taskmaster4450le "“There’s a growing issue in the cloud space,” Giri..."

“There’s a growing issue in the cloud space,” Giri told TechCrunch. “As companies tighten budgets ahead of fiscal 2025 planning, a solution providing a comprehensive, automated view of cloud costs is critical.”

To Giri’s point, efficient cloud usage remains an aspiration, not a reality, for many companies, particularly as companies invest more in cloud-hosted AI projects. (Gartner projects that spending on cloud services will reach $675.4 billion in 2024, up from $561 billion in 2023.) In a 2024 Statista survey, 84% of organizations said that they found managing cloud spend to be a “significant” challenge thanks to blockers around governance, security and tech expertise.

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@taskmaster4450le · Aug 27 '24

@taskmaster4450le "nOps claims that its customer base grew 450% over ..."

nOps claims that its customer base grew 450% over the past 18 months and that it’s helping clients manage more than $1.5 billion in AWS cloud spend. That’s evidently impressed investors; this month, nOps closed a $30 million Series A funding round led by PE firm Headlight Partners, which brought nOps’ total raised to $40.5 million.

JT Giri, the founder and CEO of nOps, got his start in the cloud industry as a network engineer and DevOps consultant. In 2012, he decided to take those skills and co-found a consulting company, nClouds, focused on AWS solutions. nOps launched as a spin-out from nClouds in 2017, and after Charles Thayne Capital acquired nClouds in 2022, Giri turned his attention to nOps full time.

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@taskmaster4450le · Aug 27 '24

@taskmaster4450le "[Article](https://techcrunch.com/2024/08/27/nops-l..."

[Article](https://techcrunch.com/2024/08/27/nops-lands-30m-to-optimize-aws-customers-cloud-spend/)

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