MAVA Member ParkMyCloud (TechBUZZ ’16 Summer) Closes $1.65M Seed Round
ParkMyCloud, the leading automated scheduling and optimization tool for Amazon Web Services (AWS), today announced that it has raised a $1.65 million Series Seed round led by Cofounders Capital, with contributions from Tom McGowan of ENRGM LLC, Thomas E. Kolassa, Lane Bess of Bess Ventures, and John Chapel of White Hall Capital.
ParkMyCloud is a simple, single-purpose SaaS tool that enables users to automatically schedule on/off times for their idle non-production cloud computing servers, so they pay only for the time they actually use and avoid wasted spending.
“Companies are spending billions of dollars a year on 24×7 servers, when many of those resources are idle much of the time,” said Jay Chapel, ParkMyCloud CEO and Co-Founder. “ParkMyCloud customers can ‘park’ or pause non-production servers such as development, staging, testing and QA when they aren’t needed, saving companies up to 60% on their AWS bills.”