FinOps & Cloud Optimization

AWS Cloud cost optimization product for a startup

Company Overview
  • B2B startup incubated in a Tech Accelerator program
  • $30M annual revenue
Tech Overview
  • AWS-native productf ocused on cloud cost optimization

Business & Technical Challenges

Companies migrating to the AWS Cloud have no tools to effectively manage costs. They would like to:

  • Automatically tackle “quick wins” of cost savings
  • Achieve non-stop monitoring and savings
  • Strong ROI and easily communicable results
  • Savings across regions, business units, availability zones and developer accounts

100’s of different native services used by developers – hard to separate mission-critical components from “pilot” ones

Canterr's Solution

  • Architected and developed the product, launched it with beta customers and transferred over to client once stability and milestones were achieved
  • Designed a flexible menu of “savers” that a customer can use – e.g.
  • Remove idle users from QuickSight
  • Archive EBS volumes that haven’t been accessed for 90 days
  • Move IO instances from gp2 to gp3
  • The team continues to develop new “savers” based on latest AWS guidance to keep driving ever-greater savings opportunities
  • Developed standardized reporting of weekly / monthly savings

Results

  • Established firm as a leader in its target market
  • Flexible design allows client to keep building more automated “savers”
  • Customers need no additional resources / investments to manage product
  • Client has used product to grow rapidly from $0 to $30M in revenue with significant market share
  • Customers see 10-20%+ savings on their AWS Cloud spend bills
  • Focus on low-hanging savings with zero risk and minimal downtime improves the overall sales and delivery process
  • Build-Operate-Transfer model enabled client to go from concept to launch in a fraction of time otherwise required