/C O R R E C T I O N — Cloudamize/
In the news release, Cloudamize Announces
Cloudamize Announces $1.2 Million in Seed Funding Led by MissionOG and Gabriel Investments
Funding Accelerates the Growth of the Cloud Optimization Platform
PHILADELPHIA, Sept. 11, 2013 /PRNewswire/ — Cloudamize, the leading Amazon Web Services (AWS) optimization and capacity planning platform, has secured $1.2M in Seed funding led by MissionOG and Gabriel Investments with participation from industry angels.
AWS has provided businesses a myriad of options to move their infrastructure to the cloud; however, current customers lack tools to effectively manage it. Cloudamize helps companies by taking complex data sets associated with their AWS deployment and provides them with accurate and actionable recommendations to improve that environment. Through the Cloudamize application, companies can efficiently scale by aligning their cloud infrastructure with business objectives.
Cloudamize is the only platform that provides the necessary combination of two critical services: recommendations based on AWS cost and performance information. With insight into cost and performance, companies can confidently optimize both their current and planned infrastructure. For example, by utilizing the SaaS application, NimbleCommerce was able to identify actions to realize a 46% reduction in their AWS spend, while simultaneously ensuring that their instances were adjusted to an optimal performance range.
“As Amazon Web Services expands its offerings, customers are actively looking for solutions that ensure that their cloud deployment can meet their performance objectives, while providing the cost benefit of a flexible infrastructure,” said Khushboo Shah, CEO of Cloudamize. “With this investment, we will be able to scale our team to meet market demand for our solution.”
“In a digital economy, performance is crucial,” remarked George Krautzel, managing partner at MissionOG. “By using Cloudamize, companies can confidently adjust their AWS infrastructure to stay ahead of the changing needs of their business.”
“We are really impressed with the Cloudamize team,” said Richard Vague, managing partner of Gabriel Investments, “They have built an impressive platform to meet the needs of a very large and expanding base of companies dependent on AWS.”
Cloudamize will use the investment expand their product set and add key members to their Philadelphia office.
Cloudamize provides companies powerful tools for optimization and capacity planning for their cloud infrastructure. Customers have experienced significant monthly savings, while simultaneously increasing performance. Using predictive analytics, the Cloudamize platform suggests optimal strategies to right-size and right-price both current and planned cloud infrastructure. www.cloudamize.com
MissionOG provides human and financial capital to build B2B companies that have proven feasibility. MissionOG applies the capabilities of proven operators, instills a market driven approach to development, and leverages a highly engaged group of investors to help portfolio companies scale well beyond commercialization. Headquartered in the Philadelphia region, the MissionOG Fund is managed by entrepreneurial operators who have effectively built early-stage businesses and guided them through successful acquisition. www.missionog.com
About Gabriel Investments
Gabriel Investments consists of Philadelphia-area professionals who have joined forces to fund and aid the development of local companies through their collective business experience and contacts. Gabriel’s leadership has depth in all functional areas including general management, marketing, sales, product development, marketing communications, and finance.
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