3 reasons why Flyer One Ventures invested in Cloudсhipr

By Oleksii Yermolenko 🇺🇦, co-founder & partner at F1V

Startup Cloudсhipr, which helps businesses optimize their cloud infrastructure and cut cloud bills, raised its latest $500k pre-seed round in April 2023.

We invested alongside Y Combinator, Decacorn Capital, and Triple S Ventures. The company has raised over $1.25M to date, according to Crunchbase.

Here are three reasons why F1V invested in CloudChipr.

Reason #1. Founded by entrepreneurs with solid tech background

Cloudсhipr was founded in 2022 by Ashot Ayvazyan and Suren Marashlyan, experienced software engineers who know the DevOps field from the inside out.

Ayvazyan, the CEO, has worked for 14 years designing, deploying, and managing distributed computing systems across cloud and bare-metal infrastructures. Before launching Cloudchipr, he was the co-founder and CTO of another company that specialized in cloud management.

Marashlyan, the VP of engineering, has over 10 years of experience in software development. Before co-founding Cloudchipr, he worked at renowned companies such as Wayfair, AWS, and Picsart.

Both founders are Y Combinator alumni (W23).

Reason #2. AI platform helping businesses promptly automate cloud cost-saving

IT companies waste about 32% of their cloud budgets. Statista estimates total cloud spending at $669B in 2023, meaning businesses could have wasted over $200B in cloud resources. It’s huge! This amount is greater than the combined GDP of all Baltic countries.

The main reasons for cloud overspending include the inefficient use of resources, and a lack of cloud management expertise.

With Cloudchipr, businesses can track and receive instant notifications about anomalies across major cloud providers, including AWS, Google Cloud, and Microsoft Azure, in a few clicks and start cutting cloud costs within an hour.

Here’s how it looks:

Its AI platform analyzes how cloud resources are used across different accounts and geos, identifying spending issues. It then offers quick optimization fixes that can be done right there with a few clicks.

Users can also create scheduled or rule-based actions, such as stopping certain resources on weekends, and use analytics to track budgets for different departments or tasks.

Reason #3. Huge fast-growing market, exceptional product

The cloud industry is projected to reach $1.8T in 2029, growing at a CAGR of 18.49%.

About 94% of organizations with over 1k employees have already adopted cloud services. According to Flexera, 89% of companies use multiple cloud service providers, and managing cloud costs remains their key challenge for the second year in a row.

Cloudchipr has over 150 competitors in the cloud spend management niche, Tracxn reports. However, the platforms of big competitors are often hard to integrate.

They typically offer consultancy, visualization, and some automation features like budget alerts or anomaly detection. Still, they don’t automate actions in the cloud based on client-defined rules or schedules, as CloudChipr does.

Unlike its rivals, Cloudchipr is a self-service platform. It doesn’t require long setups or complex customer support, offering four subscription plans starting from $49 per month and a free trial.

If you are an early-stage startup founder building a company that aligns with our investment thesis and seeking to raise funds, you can send your pitch to F1V: Use our Typeform. Hope we can work together.

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