WiseOps acquired by CloudKeeper in a mix of equity and cash to enhance cloud cost optimization offerings

August 12th, 2024: WiseOps, a pioneering platform specializing in AWS cost and usage optimization, has announced its acquisition by CloudKeeper, a leading provider of comprehensive cloud cost optimization services.

The acquisition was completed for an undisclosed amount in a mix of equity and cash, making it a milestone in WiseOps’ mission to enhance cloud cost management for businesses around the world.

The company has previously secured an undisclosed pre-seed investment from CORE91.VC in December 2023. With a growing customer base of 50 clients, the company has achieved over $100,000 in revenue till date.

WiseOps has already set the benchmark in AWS cost optimization, as they are known for AI-driven recommendations and automated optimizations, empowering teams to significantly reduce cloud spend without compromising on performance or workflow efficiency.

By integrating WiseOps’ intelligent tools into CloudKeeper’s robust ecosystem, clients can now access a truly end-to-end cloud optimization solution that promises enhanced savings and workflow efficiency.

Ronak Goyal, Co-founder of WiseOps commented, “This represents a significant opportunity for both WiseOps and CloudKeeper to drive innovation and deliver exceptional value. We look forward to integrating our technologies and expertise to offer even more powerful solutions for cloud cost optimization.”

Sharing about the journey of the company, Praneet Chandra, Co-founder of WiseOps, stated, “Fifteen months ago, Ronak and I founded WiseOps in response to companies struggling with rising costs and cloud infrastructure challenges, leading to layoffs. Our journey began with our first customer, where we reduced their cloud bill by 50%.”

“WiseOps was the missing piece of the puzzle,” said Deepak Mittal, co-founder and CEO of CloudKeeper. “By joining forces with them, CloudKeeper has become a truly comprehensive cloud cost optimization solution. It will enable us to cater to a broader range of clients, address more complex use cases, and help businesses optimize and engineer their cloud environments more effectively.”

This acquisition is imperative in the future landscape of cloud optimization, as WiseOps and CloudKeeper, forces are combined to drive a new frontier of cost efficiency in business across the world. This assures that together, unmatched value and innovation will be delivered in cloud cost management.

About WiseOps

WiseOps distinguishes itself by competing against DevOps consulting and managed services companies. These traditional players often struggle to fully implement optimization recommendations due to the significant DevOps bandwidth required.

Our solution automates these processes through a Grammarly-like tool within the AWS console, providing a visibility dashboard with a performance score. This approach has resulted in 25-40% cost optimization, significantly higher than typical consulting engagements at a fraction of time.

About CloudKeeper

CloudKeeper is a comprehensive cloud cost optimization partner that combines the power of group buying & commitments management, expert cloud consulting & support, and an enhanced visibility & analytics platform to reduce cloud cost & help maximize the value from AWS, Microsoft Azure, & Google Cloud.

A certified AWS Premier Partner, Azure Technology Consulting Partner, Google Cloud Partner, and FinOps Foundation Premier Member, CloudKeeper has helped 350+ global companies save an average of 20% on their cloud bills, modernize their cloud set-up and maximize value – all while maintaining flexibility and avoiding any long-term commitments or cost.

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