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Vantage: the startup that wants to help you control spending in the cloud

We told you about it a few weeks ago. Controlling costs in the cloud has become an obsession for more and more companies. Especially at a time like the present, in which CFOs are looking at every euro that is invested with a magnifying glass, having a strategy that allows analyzing how it is being spent in the public cloud and why, is increasingly important. And in fact, it is not surprising to see how, as a result of this analysis, there are not exactly few companies that either begin to return to their on-premises data center or stop uploading new workloads to the cloud.

In this context, technologies designed precisely to optimize costs have a lot to gain. And a good example of this is Vantage, a startup whose mission is precisely to reduce the costs of companies in the cloud and which has just raised 21 million dollars to achieve it.

As its founders have explained, the company currently has more than 300 clients (among which references such as Square, NASA, BuzzFeed or PBS are included) and manages more than 1,000 million dollars a year in cloud spending, connecting to do so more than 10,000 cloud infrastructure points to its platform.

Although the company’s initial idea was to offer its customers better dashboards to understand their investment in AWS, seeing the demand for this type of product, they were quick to add support for their two main competitors in this market: Microsoft Azure and Google Cloud. But in addition, and perhaps most interestingly, they also added support for some of the most widely used cloud services: Datadog, Fastly, Databricks, Snowflake, New Relic, MongoDB or Kubernetes. Others like Twilio and PlanetScale are on the company’s roadmap, as well as including clouds from IBM and Oracle.

The fact is that as it counts Ben Schaechter, CEO of the company, the company is of course benefiting from the current recession in many financial markets. And not only because FinOps has gone from being a more or less unknown term to becoming the buzzword in many companies, but because there are really many companies that are actively looking for ways to reduce their IT infrastructure costs.

“What has changed in the environment is that we have had a decade of a bull market where everyone was focused on growth. Obviously this has stopped or slowed down and as a result everyone is focusing on the bottom line,” says Schaechter. “Now it is a question of: what can be optimized? Typically and even above the cost of staff, the number one item is cloud infrastructure costs, such as AWS Azure or GCP and Snowflake. We think Vantage has been really well positioned to help customers from that perspective.”

In this stage of growth, the team is studying how it can help its clients to optimize their costs between the different services, for example comparing the costs between various competitors to access a similar feature in certain use cases. The ultimate goal, that if a company finally decides to give up some of the benefits of the public cloud, it is not because the costs have become too heavy a burden to bear.

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