A former AWS engineer raised $7 million to help companies reduce their cloud bills. Check out the 15-slide deck Archera used to land the Series A round.
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- Cloud computing startup Archera recently won $7 million in a Series A funding round.
- The Seattle-based firm was cofounded in 2019 by former AWS engineer Aran Khanna.
- Insider got an exclusive look at the pitch deck it used to bring investors on board.
A startup founded by a former AWS engineer that helps companies reduce their cloud hosting bills has raised $7 million in a Series A round.
Seattle-based Archera aims to make itself a one-stop shop for companies using cloud services like AWS and Microsoft’s Azure, which collectively make up around half of the market, according to Statista.
Archera uses artificial intelligence to detect unexpected spikes in daily hosting costs, alerting businesses to the increase before the end of their monthly billing period. It also uses machine learning to scan through rafts of different scenario forecasts to determine the best cloud packages for its users.
Aran Khanna, the Archera cofounder and ex-AWS AI engineer, said the company’s vision was to expand its product so that it addressed the needs of all customers at all stages of cloud adoption.
“From those who are just beginning migration to the cloud to those who are currently operating in a multi-cloud environment,” he said.
Khanna founded the business with his brother, Nikhil Khanna. Nikhil, now Archera CTO, previously held intern roles at DE Shaw’s quantitative futures team as well as Uber’s data science arm.
The Series A round was co-led by early-stage VC Ridge Ventures, which has written checks for the likes of Discord and Fastly. California-based Amplify Partners also co-led the round.
Insider got an exclusive look at the pitch deck Archera used to bring investors on board. Check it out below: