Press release

Spot named Cloud Infrastructure Solution of the Year at the 2020 Tech Ascension Awards

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Sponsored by Businesswire

Spot’s end-to-end cloud infrastructure automation and optimisation product suite has won the Cloud Infrastructure Solution of the Year title at the annual 2020 Tech Ascension Awards.

Spot – formerly Spotinst – offers a portfolio of products that enables companies, from startups to enterprise, to have the best possible cloud infrastructure at the lowest possible cost. Through the use of advanced analytics and machine learning, Spot saves customers up to 90% on their cloud compute costs, automatically, while freeing up CloudOps teams to work more efficiently.

Spot’s products use sophisticated analytics and machine learning to automate cloud infrastructure, automatically and continuously helping organizations meet availability and performance requirements while using the lowest-possible cost resources.

Spot starts by providing a holistic and actionable view into how a company is currently using cloud infrastructure, including how much it is spending and how it’s distributing its resources. Usage analytics detect trends and predict where costs are likely to fluctuate.

Spot then uses these analytics and machine learning to recommend ways to maximize resource utilisation and minimize costs via Spot’s suite of connected products. These recommendations can be implemented in just a few clicks by Spot’s products, which manage them automatically and continuously.

The Tech Ascension Awards recognise the very best innovations in B2C and B2B technology. The awards judge applicants based on technology innovation and uniqueness, market research (analyst reports, media coverage, customer case studies), hard performance stats, and competitive differentiators.

This means the class-leading vendors that receive recognition from the Tech Ascension Awards have proved their technology solves critical industry challenges and produces invaluable business outcomes for their customers.

Amiram Shachar, CEO of Spot, commented: “We’re thrilled to be recognised as the Cloud Infrastructure Solution of the Year at the Tech Ascension awards. Our end-to-end portfolio takes the hassle and cost out of managing cloud infrastructure – no matter what the business size, or level of insight required. Our customers regularly tell us how our products help them solve critical challenges so it’s fantastic to get recognition from the Tech Ascension awards as well.”

For more information about the Tech Ascension Awards, please visit www.techascensionawards.com

About Spot

Spot, formerly Spotinst, is a leading provider of software that empowers CloudOps team to get the most out of their cloud. Its product portfolio helps companies optimize and automate their cloud use to maximize the value and availability of their cloud infrastructure while minimizing waste. Through the use of actionable visibility and insight, Spot continuously and automatically improves efficiency in real-time. Founded by Amiram Shachar and Liran Polak in 2015, Spot currently has over 180 staff across offices in San Francisco, New York, Washington DC, Tel Aviv and London.

About the Tech Ascension Awards

The Tech Ascension Awards elevate companies that possess cutting-edge, innovative technology that solve critical challenges in their respective markets. Tech Ascension winners rise above the crowded consumer and enterprise technology industries and receive validation from an independent organization. Applicants are judged based on technology innovation and uniqueness, market research (analyst reports, media coverage, customer case studies), hard performance stats, and competitive differentiators. The awards recognize leaders in cybersecurity, DevOps, big data and consumer technology. For information about the Tech Ascension Awards, please visit www.techascensionawards.com.