# Spotinst

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spotinst

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.spot.io
- Total disclosed funding: $52M
- Latest round: Series B (Aug 28, 2018)
- Investors on record: 6

## About

Spotinst Ltd. provides cloud optimization and cost management solutions, enhancing operational efficiency for businesses leveraging cloud-native technologies. It offers automated services that optimize resource allocation across various public cloud platforms.Founded in 2015 and headquartered in San Francisco, US, Spotinst Ltd. specializes in advanced cloud operations solutions. It was acquired by Flexera Software LLC from NetApp, Inc. in January 2025 for USD 450.00 mn. The firm has successfully completed 6 deals to date.Spot, as part of Flexera's portfolio, delivers advanced cloud operations solutions that focus on optimization and cost management. Its flagship products, Spot Elastigroup and Spot Ocean, automate cloud infrastructure for improved performance and resource availability. These solutions cater to enterprises utilizing public cloud platforms like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud, enabling effective management of costs and operational workflows across North America, Europe, and Asia.Spot's revenue model is based on subscription-based pricing and strategic partnerships, allowing clients to access its comprehensive suite of cloud optimization tools. Clients typically engage in long-term agreements, facilitating ongoing access to services like Spot Elastigroup and Spot Ocean. The tiered pricing structure supports B2B relationships, offering flexibility to organizations based on their usage requirements and cloud commitments.Looking ahead, Spotinst Ltd. aims to enhance its product offerings and expand its market reach. The recent acquisition by Flexera Software LLC is expected to create a richer ecosystem of FinOps Managed Service Providers (MSPs), catering to evolving customer needs. This strategic move will help attract new DevOps users into Flexera’s community. Further details on upcoming product launches or targeted geographic regions for expansion will develop following the acquisition finalized on January 15, 2025.

## Funding rounds

- Series B, Aug 28, 2018, $35M — Vertex Ventures Israel, Intel Capital, Leaders Fund, Highland Europe
- Series A, Jul 2, 2017, $15M — Vertex Ventures Israel, Intel Capital, Springtide Ventures
- Series A, Mar 8, 2016, $2M — PICO Venture Partners

## Investors

- PICO Venture Partners (https://capitalatlas.ai/funds/pico-venture-partners) — Series A
- Vertex Ventures Israel (https://capitalatlas.ai/funds/vertex-ventures-israel) — Series A, Series B
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series A, Series B
- Springtide Ventures — Series A
- Leaders Fund (https://capitalatlas.ai/funds/leaders-fund) — Series B
- Highland Europe (https://capitalatlas.ai/funds/highland-europe) — Series B