Intel Capital partners with Spotinst to offer portfolio $500k in savings
What is Spotinst?
Spotinst is an Intel Capital portfolio company that offers a platform for automatically leveraging spare capacity at AWS, Azure, and GCP, helping companies reduce 80% on their cloud compute costs.
How does Spotinst reduce your costs by 80%?
Cloud providers sell their spare capacity (eg Spot Instances) for heavy discounts (~80%), but this spare capacity can be terminated at any time with no prior warning. Leveraging algorithms that predict these terminations ahead of time, Spotinst offers an SLA guaranteeing 100% availability, consistency, and data integrity on this spare capacity.