Cloudthread Introduces a New Solution to Reduce Cloud Spending and Optimize Performance

SAN FRANCISCO, CA / ACCESSWIRE / May 18, 2023 / Cloudthread, a leading Cloud cost optimization platform, has just announced the release of its newest product – Cloud Savings Hub. This new solution is designed to help businesses gain greater control over their Cloud operations and get more out of their IT spending.

Industry experts report that 30% of Cloud spend is wasted – adding additional pressure on engineers to lower Cloud costs for their respective companies. This is precisely what Cloudthread looks to solve.

With Savings Hub, companies can quickly identify areas where they are wasting resources or overspending, allowing them to fine-tune strategies and optimize performance across all aspects of their Cloud infrastructure.

Savings Hub – A New Product Setting a New Standard

Savings Hub is the latest addition to Cloudthread’s suite of Cloud optimization products aimed at helping companies save time and money while maximizing their Cloud performance. The startup accomplishes this by focusing on four foundational pillars:

1. Uncover all the waste: Aggregate all native (Trusted Advisor and Compute Optimizer) and Cloudthread computed savings opportunities.
2. Easily filter and prioritize: Centrally filter all savings opportunities by difficulty, cost impact, service, region, and account.
3. Create engineering action: Group opportunities into threads, assign them to the right owner in Jira, provide evaluation context, and track progress.
4. Analyze and attribute savings: Close the loop with centralized savings tracking and stay aware of the waste that creeps up with reporting.

Savings Opportunities Explorer

Cloudthread is proud to be at the forefront of a new wave of data-driven solutions. These new products will ensure businesses maximize their Cloud investments and grow sustainably. By leveraging data-driven insights to uncover opportunities for savings, businesses can unlock greater value and financial returns for the long term.

Savings Dashboard

Built by experts

Cloudthread is backed by a highly capable team of Cloud engineers and Cloud economists. This includes Co-Founder and CPO, Ilia Semenov, a leader in Lyft’s Cloud cost management initiative that went on to cut AWS spending by 40% and become an influential case study.

“In the modern landscape of abundant Cloud cost management solutions, effectively saving money remains a challenge due to the influx of data and unclear action steps. Cloudthread addresses this issue with a focused approach to Cloud waste reduction, gathering pertinent recommendations and presenting them in easily implementable chunks, enabling engineers to take action without typical roadblocks.”

Ilia reiterates Cloudthread’s dedication to providing detailed and action-oriented insights, with the aim to take on one of the industry’s top challenges – getting engineers to take action. The platform’s actionable feedback ensures that users have the information they need to act on and make an informed choice.

About Cloudthread

Cloudthread is a tech startup and YCombinator graduate founded by Daniele Packard, Ilia Semenov, and Thomas Yopes. The team has an extensive background in Cloud optimization and IT consultancy in some of today’s most prominent tech companies.

The company aims to provide clarity to businesses struggling with cloud waste build-up. This will enable teams to optimize performance while increasing cash flow to the bottom line.

To find out more about Cloudthread and Cloud Savings Hub, visit:

Website
Twitter
LinkedIn

Press Contact: Jamie Kingsley [email protected]

SOURCE: Cloudthread