ProsperOps builds software that automatically optimizes cloud resources and manages reserved instances and savings plans to deliver cost savings for customers. The platform focuses on committed‑use discounts and uses automation and algorithmic management (the company says it does not rely on machine learning) to monitor usage in real time and dynamically optimize on customers' behalf. ProsperOps currently serves AWS customers exclusively and reports having "several hundred" customers. The company has been profitable and debt‑free since Q4 2020 and employs about 30 people. Prior to the latest raise it had only raised roughly $800,000; the new investment is intended to expand the scope of its automation work and grow engineering and sales teams. The founding team, including CEO Chris Cochran, previously helped start the AWS managed services business at Rackspace, and the company plans to expand to other clouds.

Total raised

$72M

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2023