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Amazon, the world's largest cloud infrastructure services provider, has made the strategic acquisition, paying $20-50 million for the Palo Alto-based startup.
Launched in 2013 and based in Palo Alto, Calif,, ClusterK provides software that enables high availability in the AWS Spot Market, to accelerate and save up to 90% for mission-critical applications. Before the acquisition, ClusterK has raised $1.2 million in seed round. Investors included, Data Collective, Mayo Foundation for Medical Education and Research and Rally Ventures. The ClusterK team will join and relocate at Amazon headquarters in Seattle, Washington.
Amazon has been working hard to meet increasing demand and growing competition in the market, last year it bought Amiato, which built cloud-based data warehouse for storing and querying data as a simple alternative to expensive hardware and software from database companies like Teradata. In March, it acquired Denver-based 2lemetry, an IoT startup.
Amazon recently announced that its AWS cloud business took in revenues of $1.57 billion in the first quarter of 2015.The cloud services market continues to grow at a rapid rate (without sign of slowing down0, with AWS at the top of the “food chain.” The latest data from Synergy Research shows its still larger than its four nearest rivals combined.
About Amazon Web Service
Launched in 2006, Amazon Web Services is a collection of remote computing services, also known as web services that make up a cloud computing platform offered by Amazon.com. It offers a broad set of global compute, storage, database, analytics, applications and deployment services that help companies and organizations move faster, lower IT costs, scale applications and achieve business goals.
Image Credit: Morks.net
Amazon Acquires ClusterK For High Performance Solutions
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Reviewed by Erwin Castro
on
April 30, 2015
Rating:
Reviewed by Erwin Castro
on
April 30, 2015
Rating:
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