nOps Raises $30M Series A to Revolutionize AWS Cloud Management and Cost Optimization

Today, we’re excited to announce that nOps has raised $30 million in a Series A funding round led by Headlight Partners. The new funding will help us accelerate the development of our platform, further expand integrations with AWS products and open-source technologies like Karpenter and improve the overall platform experience for our customers.

This is a major milestone as we continue to focus on creating an effortless experience for DevOps, Engineering, and FinOps teams to optimize cloud resources, giving engineers the freedom to focus on innovation and growth.

Understanding, controlling and reducing cloud spending is one of the largest IT challenges enterprises have faced in the last decade. According to Gartner, worldwide end-user spending on public cloud services is forecast to grow by 20.4% in 2024, surpassing $675 billion; 30% of that spending is wasted on underutilized cloud resources, and as many as 80% of companies report that they consistently go over budget on their cloud spend.

As companies tighten budgets ahead of fiscal 2025 planning, nOps is the only end-to-end solution giving a holistic view of an organization’s total cloud spend with an AI-driven system that automatically adapts their cloud for efficiency, reliability and cost.

Over the past 18 months, we’ve grown our customer base by 450% and announced multiple new platform enhancements and features. In June, we launched updates to nOps Essentials, the premier suite of automation tools for reducing cloud waste. Shortly after, we announced Business Contexts+, providing unparalleled visibility into all your AWS costs from your largest resources all the way down to container costs, as well as container rightsizing recommendations with Compute Copilot.

If you’re interested in learning more about how our customers use nOps to understand cloud costs and leverage automation with complete confidence, book a demo today.

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