July 12, 2012
Other participants include 500 startups, Trinity Ventures, Wieden + Kennedy; Jason Mendelson and Jason Seats join Board of Directors
PORTLAND, Ore., July 12 — Cloudability, the only way to easily manage and monitor all of your cloud costs in one place, today announced that it has closed a Series A investment round of $8.7 million, led by the Foundry Group. Other participants in the round include 500 Startups, Trinity Ventures and Wieden + Kennedy. Additionally, Cloudability has announced that Jason Mendelson, Managing Director for Foundry Group, and Jason Seats, Managing Director of TechStars Cloud and the founder of Slicehost, have joined its Board of Directors.
Cloudability is rapidly expanding its overall operations in response to an increasing demand for scalable cloud cost management. The Series A round will help further expand its engineering and marketing teams, build out new, advanced features and accelerate platform development and additional cloud-service integrations. Cloudability is making cloud computing and hybrid IT models cost-effective and manageable for all companies – from SMBs to large, enterprise organizations.
"Cloud and hybrid IT models can offer companies of all sizes tremendous value and cost savings when used correctly," said Mat Ellis, founder and CEO of Cloudability. "However, costs can easily get out of control if not managed wisely. Many companies use multiple cloud vendors and accounts, developers turn on and off instances outside of management's knowledge, reserved instances are not always used for maximum ROI, and much more – Cloudability simplifies cost management and monitoring for the full spectrum of cloud computing."
"Organizations use a variety of different cloud vendors for their operations, and Cloudability is the only cost manager on the market to integrate with nearly all of them," said Jason Mendelson at Foundry Group. "Cost and ROI are still a major barrier for companies and their IT departments, but Cloudability makes it possible to make the most out of the cloud. Its executive team, technology and overall usability have set them a part as a true leader for the advancement of cloud computing."
According to a recent survey, 53% of respondents believe that cloud computing is more cost effective than in house infrastructure, and creates a less complex IT workflow, which shows sentiment for cloud computing gaining positive traction. Cloudability provides the tools necessary to get the most value out of cloud computing and streamlines the management of cloud usage and costs for improved IT workflow within any organization.
Since its launch in 2011, Cloudability has grown to over 15 employees and tracks over $123 million in cloud spend for over 3000 customers, in over 80 countries around the world. It has continued to expand its breadth of cloud integrations, and now enables customers to track all of their accounts, be it IaaS, PaaS and/or SaaS, from over 90 cloud vendors. Cloudability is free to use.
Cloudability is the first and only financial management tool for monitoring and analyzing every cloud expense across any organization. It brings transparency to how and where organizations spend money on cloud resources, giving them the power to reap the most value from cloud usage possible. It aggregates expenditures into accessible and comprehensive reports, helps identify new opportunities for reducing spend and increasing cloud efficiency, offers budget alerts and recommendations via SMS and email, provides APIs for connecting cloud billing and usage data to any business or financial system, and more. Cloudability currently supports over 90 Cloud service providers with complete integrations for AWS and Rackspace. Based in Portland, Oregon, the TechStars Cloud graduate was founded in 2011 and is backed by 500 Startups, the Foundry Group, Trinity Ventures and Walden Venture Capital. For more for information, visit www.cloudability.com.
The ever-growing complexity of scientific and engineering problems continues to pose new computational challenges. Thus, we present a novel federation model that enables end-users with the ability to aggregate heterogeneous resource scale problems. The feasibility of this federation model has been proven, in the context of the UberCloud HPC Experiment, by gathering the most comprehensive information to date on the effects of pillars on microfluid channel flow.
Large-scale, worldwide scientific initiatives rely on some cloud-based system to both coordinate efforts and manage computational efforts at peak times that cannot be contained within the combined in-house HPC resources. Last week at Google I/O, Brookhaven National Lab’s Sergey Panitkin discussed the role of the Google Compute Engine in providing computational support to ATLAS, a detector of high-energy particles at the Large Hadron Collider (LHC).
Frank Ding, engineering analysis & technical computing manager at Simpson Strong-Tie, discussed the advantages of utilizing the cloud for occasional scientific computing, identified the obstacles to doing so, and proposed workarounds to some of those obstacles.
May 23, 2013 |
The study of climate change is one of those scientific problems where it is almost essential to model the entire Earth to attain accurate results and make worthwhile predictions. In an attempt to make climate science more accessible to smaller research facilities, NASA introduced what they call ‘Climate in a Box,’ a system they note acts as a desktop supercomputer.
May 16, 2013 |
When it comes to cloud, long distances mean unacceptably high latencies. Researchers from the University of Bonn in Germany examined those latency issues of doing CFD modeling in the cloud by utilizing a common CFD and its utilization in HPC instance types including both CPU and GPU cores of Amazon EC2.
05/10/2013 | Cleversafe, Cray, DDN, NetApp, & Panasas | From Wall Street to Hollywood, drug discovery to homeland security, companies and organizations of all sizes and stripes are coming face to face with the challenges – and opportunities – afforded by Big Data. Before anyone can utilize these extraordinary data repositories, however, they must first harness and manage their data stores, and do so utilizing technologies that underscore affordability, security, and scalability.
04/02/2012 | AMD | Developers today are just beginning to explore the potential of heterogeneous computing, but the potential for this new paradigm is huge. This brief article reviews how the technology might impact a range of application development areas, including client experiences and cloud-based data management. As platforms like OpenCL continue to evolve, the benefits of heterogeneous computing will become even more accessible. Use this quick article to jump-start your own thinking on heterogeneous computing.