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Introducing Pump.co - The Fastest way to save 60% on AWS Spend
  • USA - English


News provided by

Pump

Jul 11, 2023, 09:01 ET

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Pump's main dashboard screenshot
Pump's main dashboard screenshot

San Francisco, CA (PRWEB) July 11, 2023 -- Pump.co is excited to announce the official launch of its innovative cost reduction platform, designed to help businesses optimize their cloud infrastructure and reduce costs of up to 60% on Amazon Web Services (AWS) with just a few minutes of effort. Pump’s AI-powered platform not only fully automates savings but also leverages the power of group buying for even greater discounts.

“By combining AI automated savings, an intuitive user experience, and our novel, completely free business model - Pump is democratizing AWS cost savings that historically only the very largest companies have had, access to" said Spandana Nakka, CEO & Co-Founder of Pump.co.

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As per Gartner, cloud spend is a whopping $600 billion/yr and, in fact, the fastest growing expense category for any tech company - tackling these costs requires so much effort and time from DevOps teams so that as many as half of companies claim they aren’t fully optimized. Pump’s mission is to use AI to transform the status quo of cloud cost optimization.

Pump is a Y Combinator company whose founding team consists of serial entrepreneurs with a prior exit (Sleek); featured on Forbes AI 50 - America's 50 most promising companies in AI. Pump is also an ‘Advanced Tier Partner’ with AWS, a feat that under 1000 companies in the world claim.

Key Features of Pump.co:

  • No Engineering Effort - Pump operates only on billing level permissions, the discount instruments that Pump optimizes using AI - Reserved Instances & Savings plans, are similar to discount coupons to online purchasing. Pump does not have access to any customer data or infrastructure, making it not only secure but also requiring no developer effort. The platform can be deployed in seconds.
  • Fully automated Cost Savings: Using advanced AI algorithms, Pump.co automatically identifies areas where cost savings can be achieved. It provides instant algorithmic buying and selling of savings products (Reserved Instances and Savings Plans) on behalf of customers achieving up to 60% AWS savings with no engineering effort. Pump is the industry leader in the breadth of AWS services; it can provide instant savings on 12 different AWS services including EC2, RDS, ECS, etc. (you can view the full list here).
  • Group Buying: In addition to these automatically purchased Reserved Instances and Savings Plans, Pump is the first company to offer additional savings in the form of group and collective spend billing discounts. Pump’s customers benefit from group buying power and economies of scale. Every new account that joins Pump actually increases the power of this collective and actually enhances the discounts across the board resulting in enhanced cost efficiencies and savings for all participants.
  • FinOps as a service: Pump aims to be the fully automated FinOps solution, every customer has access to a full suite of AWS cost optimization experts 24x7 available to answer any cost related questions.
  • Free: Pump is proud to offer the best pricing model on the market - FREE. Similar to how Robinhood democratized stock trading by making it free, they have identified a model that allows Pump to provide the service at no cost to its customers. Pump earns a small percentage from the volume discounts achieved through collective large spending. All of our revenue comes from AWS. We firmly believe that saving costs should not be an additional cost for our customers.

Visit http://www.pump.co today to start optimizing your AWS costs and maximizing the value of your cloud infrastructure.

About Pump.co: Pump is a platform designed to help businesses reduce AWS costs with no engineering effort. With real-time cost visibility, automated optimization, and continuous monitoring, Pump empowers organizations to achieve cost efficiency and maximize their AWS investment.

For media inquiries, please contact: Spandana Nakka, CEO & Co-Founder of Pump.co Email:

[email protected] Phone: 650-468-6788

Spandana Nakka, Pump, https://www.pump.co/, 1 6503148330, [email protected]

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