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Anodot Unveils CostGPT to Help Businesses Better Manage Cloud Costs

October 17, 2023
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Analytics and monitoring options firm Anodot has launched CostGPT to assist companies monitor cloud prices.

Anodot’s CostGPT leverages AI to allow enterprise managers to study and handle their cloud prices knowledge conversationally by way of chat.

Headquartered in Virginia, Anodot made its Finovate debut final 12 months at FinovateEurope in London.

Superior analytics and monitoring options supplier Anodot has unveiled its newest answer, CostGPT. The brand new AI-powered providing permits cloud customers to entry correct and personalised evaluation of their cloud prices. With CostGPT, customers will have the ability to higher handle all the pieces from advanced pricing fashions to cloud useful resource allocation with a easy question.

Along with with the ability to ask the platform questions on cloud prices by way of chat, CostGPT offers optimization suggestions to assist customers higher perceive their cloud spending. The know-how helps companies keep away from pointless prices, optimize useful resource utilization, and leverages real-time, intuitive knowledge visualizations to make evaluation, planning, and decision-making simpler.

“This function permits customers to work together with their cloud price knowledge conversationally, making it extra accessible and easy than ever earlier than,” Anodot Head of Product Limor Tepper stated. “It’s all about making certain that our customers have the solutions they want at their fingertips. And it doesn’t cease at textual content responses; it provides the solutions with graphical outcomes which might be simple to grasp at a look.”

Based in 2014 and headquartered in Ashburn, Virginia, Anodot made its Finovate debut at FinovateEurope 2022. On the occasion, the corporate demoed its Funds Monitoring Software. The know-how leverages AI to watch and correlate funds exercise and enterprise efficiency. This allows Anodot to identify potential points and supply customers with actionable alerts and forecasts in real-time. Companies use Anodot to watch a variety of operations from entrance finish functions to APIs to funds. Anodot says it has helped corporations reduce the time-to-detection of revenue-critical points by as much as 80%.

Anodot has raised $64.5 million in funding from traders together with Alicorn Enterprise Capital and Redline Capital. Additionally final month, Anodot introduced a “long-term strategic partnership” with DevOps and FinOps providers Automat-IT. The partnership is designed to assist customers maximize their deployments on Amazon Net Companies (AWS). Over the summer time, Anodot launched its annual State of Cloud Price survey. The report highlighted developments such because the rise of third-party options and the problem of cloud price transparency.

Photograph by Timur Saglambilek

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