Less than half of companies believe they have 'healthy' cloud costs, with 58% feeling their costs are too high, despite discounts from public cloud providers like AWS, Google Cloud, and Azure.
Archera, founded by ex-AWS engineer Aran Khanna, transforms cloud providers' long-term discount plans into short-term, insured commitments for customers, charging a variable premium based on the risk underwritten.
Aran Khanna's struggle at AWS to get customers to commit to long-term compute instances led him to develop Archera with his brother Nikhil, focusing on innovative, short-term solutions to optimize cloud spending.
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