ParkMyCloud raised $1.65M



What does ParkMyCloud do?

ParkMyCloud, is the leading automated scheduling and optimization tool for Amazon Web Services. It is a simple, single purpose software as a service tool which enables users in automatically scheduling on and off times for their idle non-production cloud computing servers, so they pay only for the time they use actually and avoid wasted spending. This self service web app quickly schedules on and off times for idle AWS instances. The company is a cost effective, lightweight app which automativally reduces cloud computing costs by sixty percent or more, in just fifteen minutes. The company allows AWS users in paying only for the computing resources they are actually using by scheduling on and off times for their idle cloud computing services. This is software as a service based, so there is nothing to download and no installation is needed

How much ParkMyCloud was funded?

The company raised $1.65M on September 6, 2016 from Lane Bess, Thomas E. Kolassa, John Chapel, Cofounders Capital and Tom McGowan.

Previous funding

$300k on July 1, 2015

$800k on February 1, 2016

What is next for ParkMyCloud?

ParkMyCloud plans to use the latest funding raised for bringing savings to more of AWS’s 1 million customers. The company plans to add support for extra cloud service providers, including Microsoft Azure and Google Compute Engine, later in 2016.

 More about ParkMyCloud

ParkMyCloud was founded in on July 1, 2015. It has its headquarters in Dulles, Virginia. This is a simple and single purpose software as a service tool which helps users in automatically schduling on and off times for their idel non-production cloud computing servers, so they have to pay only for the time they actually use and avoid wasted spending. Customers of this company such as Sage Softwares, McDonald’s, Avid, Neustar, ZestFinance and Wolters Kluwer, save sixty percent or more on their non-production spend.