Exostellar provides application-agnostic software that watches cloud pricing signals and dynamically reallocates workloads to cheaper infrastructure while consolidating and right-sizing instances. The platform currently monitors AWS spot and on-demand CPU instances and integrates with resource managers like Slurm. Customers include Astera Labs, Synopsys and two U.S. Department of Energy labs (Argonne and Idaho National Laboratory). The company plans to expand support to additional public clouds (Azure, Google Cloud, IBM Cloud) and introduce GPU instance support. Tony Shakib was recently appointed CEO; the company was founded in 2018 by Cornell faculty Hakim Weatherspoon and Robbert van Renesse alongside former PhD researcher Zhiming Shen (CTO). Exostellar is based in Ithaca, New York, with offices in Santa Clara, and has positioned its product against competitors such as Spot.io, Cast AI, VMware’s CloudHealth, Apptio, nOps and Zesty. Exotanium develops cloud resource optimization and management solutions licensed through Cornell’s Center for Technology Licensing to help companies reduce wasteful cloud spending and enable more efficient cloud usage. The company was founded in 2018 by Cornell researchers Hakim Weatherspoon (CEO), Zhiming Shen (CTO), and Robbert van Renesse (Chief Scientist). Exotanium completed the National Science Foundation I-Corps program, received pre-seed funding led by Launch NY and Red Bear Angels, and is a member of Cornell’s Praxis Center for Venture Development and Rev: Ithaca Startup Works. Over the past year the company completed a successful pilot with Autodesk, Inc. and has seen increased demand for cloud-optimization solutions as organizations shift operations online. Financially, Exotanium announced a $5 million seed financing in the reported round.

Total raised

$20M

Funding rounds

2

Latest round

Series A

Latest activity

Sep 2023