ParkMyCloud to Showcase Cloud Cost Optimization Platform at TechCrunch Disrupt

Leading automated scheduling tool for Amazon Web Services to highlight cost savings automation features at iconic TechCrunch Disrupt event hot off the heels of seed funding round

Days after announcing their seed funding round, ParkMyCloud shares that it will showcase its software at TechCrunch Disrupt in San Francisco today.

ParkMyCloud will demo its SaaS platform in Startup Alley, showing attendees how it brings a simple solution to the complex problem of wasted cloud spend. ParkMyCloud automates the process of cloud cost savings to schedule on/off times for idle non-production cloud computing servers, so users pay only for the time they actually use.

In addition to the features already loved by customers – like its easy-to-use UI, single-view dashboard, and parking recommendations – ParkMyCloud will highlight new features. In particular it will share its upcoming automated policy engine, lightning-fast orchestration capabilities, and ability to park a broader range of AWS services including auto scaling groups.

“Coming off the heels of our seed round, it’s exciting to get back out in the user community, talking about our technology and feeling the energy of the crowd,” said Jay Chapel, CEO & Co-Founder of ParkMyCloud. “TechCrunch Disrupt is a great opportunity for us to connect with other innovators and tech fans.”

“We always encourage our Fishbowl companies to get out and show off their products — especially at events in the AOL family, like TechCrunch Disrupt,” said Nicholas Bagg, Managing Director of the AOL Fishbowl Labs incubator in Dulles, VA, where ParkMyCloud is a portfolio company. “We’re thrilled with ParkMyCloud’s success so far, and happy to be a part of its growth.”

About ParkMyCloud
ParkMyCloud is a simple, single-purpose SaaS tool that enables users to automatically schedule on/off times for their idle non-production cloud computing servers (also known as “parking”), so they pay only for the time they actually use and avoid wasted spending. Customers, which include McDonald’s, Sage Software, Neustar, Avid, Wolters Kluwer and ZestFinance, save 60% or more on non-production spend. For more information, visit http://www.parkmycloud.com.

ParkMyCloud Raises Series Seed Funding Round

ParkMyCloud Customers, Future Customers, Friends, and Fans,

I am happy to share with you that ParkMyCloud has raised a Series Seed funding round of $1.65 million to grow our cost optimization platform. (Official press release here.)

cofounderscapitalWe’re pleased to partner with Cofounders Capital, an early-stage seed fund focused on software ventures out of the Research Triangle area of North Carolina, as well as several individual investors who contributed to the round, to bring you the best product that ParkMyCloud can offer. We’re privileged to have these startup and SaaS experts on our team as we grow and expand.

This round allows us to bring the cost savings and automation that our customers already enjoy to even more of AWS’s 1 million customers, while continually improving the breadth of ParkMyCloud’s features and user experience. We also look forward to adding support for additional cloud service providers, including Microsoft Azure and Google Compute Engine, in the coming months.

I want to give a special shout-out to our existing customers, who have been extremely helpful and provided excellent feedback about the product, their experiences and where we should focus on adding value. Thanks, all.

I’ll also note that the success our customers have achieved with ParkMyCloud so far is remarkable. The “almost $800,000 saved” by our customers that we quoted in our press release is, amazingly, already out of date – over $800,000 has now been saved, and that’s just the beginning. Our customers’ average ROI of 1700% is another number we’re proud of.

The PMC team is ready to hit the ground running this fall. In the famous words of Larry the Cable Guy… let’s git ‘er done.

Cheers,

Jay

ParkMyCloud Raises $1.65M to Grow Cloud Cost Optimization Platform

SaaS application eliminates wasted cloud spending and provides 1700% ROI to AWS customers of all sizes

ParkMyCloud is a simple, single-purpose SaaS tool that enables users to automatically schedule on/off times for their idle non-production cloud computing servers, so they pay only for the time they actually use and avoid wasted spending.

“Companies are spending billions of dollars a year on 24×7 servers, when many of those resources are idle much of the time,” said Jay Chapel, ParkMyCloud CEO and Co-Founder. “ParkMyCloud customers can ‘park’ or pause non-production servers such as development, staging, testing and QA when they aren’t needed, saving companies up to 60% on their AWS bills.”

ParkMyCloud’s current customers – which include McDonald’s, Sage Software, Avid and Wolters Kluwer – have saved a total of nearly $800,000 on their AWS bills so far, with an average ROI of 1700%. This funding round enables ParkMyCloud to bring savings to more of AWS’s one million customers.

“We have been searching for a company to back in the fast-growing cloud computing space,” said David Gardner, General Partner of Cofounders Capital. “ParkMyCloud checked all of our criteria, which included a comprehensive yet cost-effective technology, experienced management team and demonstrable return-on-investment for customers.”

ParkMyCloud plans to add support for additional cloud service providers, including Microsoft Azure and Google Compute Engine, later this year.

ParkMyCloud was founded in July of 2015, released the first version of the product on September 8, 2015, and secured its first customer by the end of that month. ParkMyCloud’s launch and initial growth was made possible by an initial angel investment from Virginia-based White Hall Capital.

About ParkMyCloud
ParkMyCloud is a simple, single-purpose SaaS tool that enables users to automatically schedule on/off times for their idle non-production cloud computing servers (also known as “parking”), so they pay only for the time they actually use and avoid wasted spending. Customers, which include McDonald’s, Sage Software, Neustar, Avid, Wolters Kluwer and ZestFinance, save 60% or more on non-production spend. For more information, visit http://www.parkmycloud.com.

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