Enterprise IT Startup Spotinst Secures $15 Million

Spotinst closed $15 million in Series A financing. Intel Capital and Vertex Ventures participated in the round.

Spotinst has a designated machine learning software that manages DevOps and financial decisions in real time and saves the overhead and management of cloud computing purchasing options. The company chooses the most cost-effective computing resources based on enterprise clients’ application workloads, allowing them to focus on business growth. Spotinst can be deployed on Amazon Web Services, Google Cloud Platform, and Microsoft Azure.

In its announcement, the company said it plans to expand both its services and its locations to reach new customers and markets.