ParkMyCloud provides a SaaS-based tool that enables users to automatically schedule on/off times for idle non-production cloud servers to reduce wasted spend. The product today targets Amazon Web Services customers. The company was founded in July 2015 by Jay Chapel, who is CEO. Current customers include McDonald’s, Sage Software, Avid and Wolters Kluwer. ParkMyCloud intends to use recent funding to expand operations and add support for additional cloud service providers, including Microsoft Azure and Google Compute Engine, later in the year. The company recently raised external seed financing to support that expansion.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Sep 2016