ProsperOps Secures $72 Million Investment Led by H.I.G. Growth Partners to Accelerate AI-Based FinOps Platform Adoption

ProsperOps, the autonomous cloud cost optimization platform, has secured a $72 million investment led by H.I.G. Growth Partners and other strategic investors. This investment will enable ProsperOps to accelerate the adoption of its AI-Based FinOps platform for enterprises looking to reduce costs and maximize value from the cloud.

With the top FinOps challenge being getting engineers to focus on reducing cloud spend, ProsperOps offers a solution by autonomously managing Savings Plans and Reserved Instances across various compute services. This approach helps companies unlock significant savings and value from their cloud investments.

Currently, ProsperOps manages savings for nearly $800 million of compute usage and analyzes millions of customer environment changes each month. Some of the world’s leading born-in-the-cloud businesses, such as Coinbase, Drift, and Wix, rely on ProsperOps to optimize their cloud costs and achieve an average savings of 40%.

The backing from investors like H.I.G. Growth Partners will allow ProsperOps to expand its platform capabilities, engineering teams, and customer reach. This investment comes at a time when the demand for cloud cost optimization solutions is on the rise, as enterprises seek to maximize the benefits of the public cloud while controlling costs effectively.

Overall, ProsperOps’ innovative approach to cloud cost optimization and its track record of delivering significant savings to customers make it a key player in the FinOps ecosystem. With this latest investment, ProsperOps is well-positioned to further enhance its platform and help more businesses prosper in the cloud.