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31.49%
Savings on EC2, RDS, and ECS costs
15%
Reduction in overall AWS spend
Overview
SignalFire is the first venture capital firm built like a technology company to better solve for the needs of founders. The core of its value-add is Beacon, the AI engine SignalFire has been refining since the firm’s launch in 2013. Beacon tracks more than 495 million employees and 80 million companies to guide the fund’s investing and assist portfolio companies with scaling their teams and revenue. SignalFire also helps early-stage founders navigate the toughest parts of building a company at every stage, with expert advisors, 200 skill-building workshops a year, and an in-house team of recruiters, data scientists, PR experts and go-to-market leaders. With over $1.8 billion in assets under management, SignalFire focuses on investing from seed to scale. The firm’s key sectors include AI/ML, developer tools, B2B Saas, healthcare, cybersecurity, and consumer.
Customer Challenges / The Opportunity
1 Cost Savings: SignalFire sought to optimize their costs associated with their Amazon Web Services (AWS) infrastructure.
2 Risk-Free Commitment: They needed a solution to effectively manage their risk-free commitments and ensure maximum savings.
The Solution
SignalFire chose to implement nOps, a comprehensive cloud management and cost optimization platform.
nOps offered the following key features to address their challenges:
- Risk-Free Commitment Management: nOps provided a risk-free commitment management solution, allowing SignalFire to optimize their Reserved Instances (RIs) effectively. With nOps, they no longer needed to manage their RIs manually, saving them months of planning and execution time.
- Cost Optimization: nOps offered robust cost optimization capabilities, enabling SignalFire to identify cost-saving opportunities and make data-driven decisions. The platform provided cost visibility, helping them analyze their costs through showbacks and compare amortized vs. unblended costs with ease.
- nSwitch Functionality: SignalFire leveraged nOps' nSwitch functionality to optimize their EC2, RDS, and ECS costs. By leveraging nSwitch, they were able to achieve significant cost savings and enhance their cost allocation process.
Why we won?
SignalFire selected nOps as their preferred cloud management solution due to the following factors:
- Risk-Free Commitment: nOps' risk-free commitment management functionality provided SignalFire with a hassle-free approach to managing their RIs, saving them time and effort.
- Cost Optimization: By leveraging nOps' cost optimization capabilities, SignalFire achieved substantial savings of 31.49% on their EC2, RDS, and ECS costs in May 2023. They also realized a 15% reduction in their overall AWS spend, translating to significant cost savings.
- Cost Visibility: nOps' intuitive cost analysis dashboard empowered SignalFire with clear visibility into their resource-wise spend, making cost allocation and analysis effortless.
