# ProsperOps

ProsperOps is an Asset Manager based in Itasca, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Itasca, United States
- **Region:** North America
- **Address:** 300 Park Blvd Suite 400, Itasca, IL 60143, United States
- **Assets under management:** Undisclosed
- **Website:** www.prosperops.com
- **LinkedIn:** https://www.linkedin.com/company/prosperops/about

## Regulatory record

- **Reports private funds:** No

## About

ProsperOps' automatic cloud cost optimization software gives you maximum savings and minimum commitment risk and reduces your wasted cloud spend—24x7.

## Sectors

- Enterprise Software
- FinTech
- Private Credit

## People

- Chris Cochran — Chief Executive Officer
- Erik Carlin — Chief Product Officer
- Chris Kuehl — Chief Technology Officer
- Steven Hays — Chief Sales Officer

## Questions

### How does ProsperOps achieve cloud savings for its customers?

ProsperOps operates an Autonomous Discount Management engine that continuously buys, sells, and rebalances Reserved Instances, Savings Plans, and Committed Use Discounts. The platform makes thousands of adjustments monthly based on workload patterns and customer risk tolerance, functioning like a systematic portfolio manager. It quantifies outcomes through its proprietary Effective Savings Rate (ESR) metric.

### Who are the founders of ProsperOps and what is their background?

ProsperOps was founded by Chris Cochran (CEO), Erik Carlin (CPO), and Chris Kuehl (CTO). The team previously built and led the AWS managed services business at Rackspace, growing it into one of the world's largest AWS Premier Consulting Partners. They started ProsperOps after observing that even sophisticated DevOps and FinOps teams struggled to manage cloud discount instruments effectively.

### Which cloud providers does ProsperOps support?

The platform supports the three major hyperscalers: Amazon Web Services (AWS), Microsoft Azure, and Google Cloud. ProsperOps manages AWS Reserved Instances and Savings Plans, Azure Reserved VM Instances and Savings Plans for Compute, and Google Cloud Committed Use Discounts.

### What is ProsperOps's relationship with Flexera?

ProsperOps was acquired by Flexera and now operates as a division of the IT management software company. The acquisition combined ProsperOps's autonomous rate-and-workload optimization engine with Flexera's broader IT asset management and FinOps capabilities to form a unified platform.

### Who invested in ProsperOps prior to its acquisition?

In 2022, ProsperOps secured $72 million in growth funding from H.I.G. Growth and other investors. This capital was intended to accelerate platform adoption before the company was later acquired by Flexera.

### What is Effective Savings Rate and why does ProsperOps emphasize it?

Effective Savings Rate is the core rate-optimization KPI that ProsperOps uses to measure the percentage discount achieved on cloud compute spend after commitment management. The firm benchmarks customer ESR performance against industry peers, claiming that its automated management places customers in the top 1-2% of FinOps teams.

### Does ProsperOps participate in fund commitments or direct deals?

No. ProsperOps is not an investment fund and does not make fund commitments or direct equity investments. It is an enterprise software company that algorithmically manages cloud discount instruments — analogous to systematic trading but operating entirely within the domain of cloud infrastructure spend.

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Last updated: 2026-06-03T20:00:00.000Z

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