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 The “almost $800,000 saved” by our customers that we quoted in our press release is, amazingly, already out of date – over $800,000 has now been saved, and that’s just the beginning.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.



About Jay Chapel

Jay Chapel is the CEO and co-founder of ParkMyCloud. After spending several years in the cloud management space, Jay saw that there was no simple solution to the problem of wasted cloud spend - which led him to start ParkMyCloud in 2015. Before that, he spent 10+ years with Micromuse and IBM Tivoli, a provider of business infrastructure management software. After an acquisition by IBM, he led the successful sales integration and subsequent growth of the IBM Tivoli/Netcool business in Europe. He also held several regional and worldwide sales roles in Switzerland, the UK and the US. Jay earned both a BA in Finance and an MBA from West Virginia. Those few hours a month that Jay’s not busy with ParkMyCloud’s growth and success, you can find him on the ski slopes, on the soccer field, or on the golf course often accompanied by his three kids.