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Spotinst
Spotinst, a San Francisco cloud cost optimization firm acquired by NetApp in 2020, uses algorithms to manage infrastructure across AWS, Azure, and Google...
Spotinst
Spotinst, since its founding, has focused on cloud cost optimization and infrastructure automation, enabling companies to reduce compute expenses by leveraging spot and reserved instance markets. The firm's flagship product, now known as Spot by NetApp, has been adopted by large-scale cloud users to dynamically manage resource allocation. Spotinst's technology covers compute, storage, and container orchestration across multiple cloud providers. Notable confirmed engagements include its acquisition by NetApp in 2020 for roughly $450 million (per TechCrunch, 2020). The firm has historically served customers in North America and Europe. As of mid-2020, the firm had over 200 employees globally, operating from its San Francisco headquarters and engineering centers in Israel. The acquisition by NetApp integrated Spotinst into NetApp's broader cloud services portfolio, shifting it from an independent startup to a division within a larger data management company (per NetApp, June 2020). Spotinst's structural differentiator is its specialized, algorithm-driven approach to cloud cost optimization — a niche that larger cloud providers do not offer natively. The acquisition by NetApp gave the technology a larger distribution channel while preserving its independent branding and engineering team.
General information
Firm type
other
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
San Francisco, CA, United States
Sector focus
Frequently asked questions
Who leads Spotinst after the NetApp acquisition?
Spotinst operates as a business unit within NetApp's Cloud Volume business, reporting into NetApp's Cloud Data Services group. Amiram Shachar, Spotinst's co-founder and former CEO, stayed on post-acquisition to oversee the unit, per public records around the acquisition announcement.
What problem does Spotinst solve?
Spotinst's software automates the use of spot (preemptible) instances from cloud providers, which offer significant discounts but risk termination. Its algorithms continuously shift workloads to the cheapest available capacity while maintaining reliability, reducing compute costs by 60–90% for suitable workloads, according to the firm's pre-acquisition marketing.
Did Spotinst raise venture capital before the NetApp acquisition?
Yes. Spotinst raised at least $135 million in known venture rounds from investors including Highland Capital Partners, Intel Capital, and Vertex Ventures, per Crunchbase and regulatory filings. The largest known round was a $100 million Series D in 2019 led by Highland Capital.
Which cloud providers does Spotinst support?
Spotinst supports Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). Its multi-cloud management platform optimizes compute and storage resources across these providers, with support for Kubernetes container orchestration via its Ocean product.
Is Spotinst still an independent company?
No. Spotinst was acquired by NetApp in June 2020 for approximately $450 million, per TechCrunch. It now operates as a product brand (Spot by NetApp) within NetApp's cloud services division, but no longer functions as an independent entity.
What types of customers use Spotinst?
Spotinst's technology targets enterprises with substantial cloud infrastructure spending — commonly e-commerce, gaming, media streaming, and SaaS companies with variable compute loads. Pre-acquisition, the firm reported customers including Wix, Playtika, and Forter, per public case studies.
Does Spotinst have a venture capital or investment arm?
No. Spotinst is a software company, not an investment firm. It does not operate a family office or deploy capital as an asset manager. Its business is selling cloud optimization software to enterprise clients.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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