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 $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.

AWS CTO Werner Vogels: Turn Your Servers Off When You Go Home

At the Amazon Web Services (AWS) Summit in New York City last Thursday, AWS CTO Werner Vogels gave the opening keynote. Any Vogels keynote will be peppered with announcements of new AWS products and services, and this one was no different.

Announcements included the launch of Amazon Kinesis Analytics and updates to Elastic Block Storage, Snowball, the AWS Key Management Service, and details on the forthcoming new AWS region. Vogels also welcomed Lyft, Airtime, and Comcast to the stage to discuss their learnings and gains with AWS.

Vogels also took time for a few moments of retrospective review about how far AWS has come – highlighting the way AWS and other cloud service providers shook up the entire economic model to switch from CapEx to OpEx, the explosion of AWS services in the last decade, and agility.

NYCsummitwerner-productsavvy“A core principle from Lean is to eliminate waste,” Vogels said. “Waste is anything that doesn’t benefit your customers.”

“Where agility really lives is in dev and test,” he continued. “Many say dev and test are not serious workloads. I think dev and test are the most serious workloads in your business, because that’s where agility lives.”

It’s true. And we recently found that about half of compute servers in Amazon are being used for development, testing, and other non-production workloads, so these serious workloads make up quite a bit of customers’ resources.

Vogels continued…

“One way to save really significant dollars in dev and test is to switch your resources off when you go home. Typically you can save up to 75% on their dev and test costs just by switching resources off when you go home.

So if you don’t take it from us, take it from someone who should know: turn off your instances when you go home.

NYCsummitwerner

ParkMyCloud Tutorial Session – August 2016

Last week, Dale (ParkMyCloud CTO) held a tutorial web session to share (1) how to get started with ParkMyCloud, (2) what’s new in the platform, and (3) the best ways to use ParkMyCloud in your environment, including best practices from several of our customers.

If you missed it, not to worry. Here’s a recording of the session, with links to points of interest below.

[2:12] Demo begins

[6:33] ParkMyCloud dashboard

[7:40] Automatic parking recommendations

[9:08] How to park instances

[9:24] How to create custom parking schedules

[11:57] Dashboard tour

[14:56] How to create teams and overview of roles

[19:09] How to add multiple AWS accounts to a ParkMyCloud account (IAM Roles method)

[23:13] How to display Auto Scaling Groups on the PMC dashboard

[25:15] How to move instances between teams

[26:20] Reports – how to download reports on your usage and savings

[29:11] What Team Leads will see on their dashboards

[31:28] Customer use case: the Always Parked Schedule

[35:01] What Team Members see on their dashboards

[36:44] What Purchasing role team members see in ParkMyCloud & how to pay

[41:06] Viewer question: Will you support an “invite” format for new users in the future?

[42:15] Viewer question: What is the pricing of ParkMyCloud?

[43:07] Viewer question: How many AWS accounts can you manage in your ParkMyCloud account?

 

Gartner: $1 trillion in IT spending moving to cloud. How much is on waste?

cloud-waste-infographicGartner recently reported that by 2020, the “cloud shift” will affect more than $1 trillion in IT spending.

The shift comes from the confluence of IT spending on enterprise software, data center systems, and IT services all moving to the cloud.

With this enormous shift and change of practices comes a financial risk that is very real: your organization may be spending money on services you are not actually using. In other words, wasting money.

How big is the waste problem, exactly?

The 2016 Cloud Market

While Gartner’s $1 trillion number refers to the next 5 years, let’s take a step back and look just at the size of the market in 2016, where we can more easily predict spending habits.

The size of the 2016 cloud market, from that same Gartner study, is about $734 billion. Of that, $203.9 billion is spent on public cloud.

Public cloud spend is spread across a variety of application services, management and security services, and more (BPaaS, SaaS, PaaS, etc.) – all of which have their own sources of waste. In this post, let’s focus on the portion for which wasted spend is easiest to quantify: cloud infrastructure services (IaaS).

Breaking down IaaS Spending

Within the $22.4 billion spent on IaaS, about 2/3 of spending is on compute resources (rather than database or storage). From a recent survey we held – bolstered by our daily conversations with cloud users – we learned that about half of these compute resources are used for non-production purposes: that is, development, staging, testing, QA, and other behind-the-scenes work. The majority of servers used for these functions do not need to run 24 hours a day, 7 days a week. In fact, they’re generally only needed for a 40-hour workweek at most (even this assumes maximum efficiency with developers accessing these servers during their entire workdays).

Since most compute infrastructure is sold by the hour, that means that for the other 128 hours of the week, you’re paying for time you’re not using. Ouch.

All You Need to Do is Turn Out the Lights

A huge portion of IT spending could be eliminated simply by “turning out the lights” – that is, by stopping hourly servers when they are not needed, so you only pay for the hours you’re actually using. Luckily, this does not have to be a manual process. You can automatically schedule off times for your servers, to ensure they’re always off when you don’t need them (and to save you time!)

End the waste: schedule off times for your servers now.