Newvem offers KnowYourCloud Analytics, a free SaaS solution that gives AWS customers a 360-degree view of cloud usage, revealing anomalies and recommending actionable insights to improve cost efficiency, security, availability, and utilization. The service tracks down-to-the-minute resource usage, learns resource behavior, and identifies service-level variations and life-cycle events to pinpoint oversized or idle instances and other common AWS spending mistakes. The product is aimed at business managers, IT managers, and DevOps teams who need visibility into which resources are being used or left idle. Since launch of its free product, roughly 300 customers are using KnowYourCloud Analytics, which is currently in private beta. Newvem plans to continuously gather multiple streams of cloud operational data to detect problems, pinpoint anomalies, and identify trends automatically. The company intends to expand beyond AWS to other public cloud services including Rackspace, Microsoft Azure, HP OpenStack, and to tackle hybrid cloud platforms. Newvem was founded by Zev Laderman, who previously sold two IT companies (including Aduva to Sun Microsystems and Tradeum to VerticalNet), and Ilan Naslavsky, a former lead engineer at Sun.

Total raised

$4M

Funding rounds

1

Latest round

Series A

Latest activity

May 2012