I Market-Make AWS Cloud Contracts to Save Companies $40M+
Hey HN: Kaveh here, the founder of https://www.usage.ai/ We help companies drive down AWS EC2 spend by buying and selling 3-year no-upfront reserved instances. Why? Because there's almost no liquidity on the AWS EC2 RI Marketplace and it can take a while, if at all, to sell an RI if you need to stop using one. Previous to founding Usage, I worked at JPMorgan Chase as a summer analyst. Here's how it works: We are typically brought in by a DevOps manager to cut AWS EC2 costs. The app is entirely self-service and the savings are generated automatically, typically we do this live…
I Market-Make AWS Cloud Contracts to Save Companies $40M+ launched on January 7, 2023 with 9 votes, #1,438 of 3,901 launches that month and more than 75% of that year's launches.
What it does
In the maker’s words, at launch
Hey HN: Kaveh here, the founder of https://www.usage.ai/ We help companies drive down AWS EC2 spend by buying and selling 3-year no-upfront reserved instances. Why? Because there's almost no liquidity on the AWS EC2 RI Marketplace and it can take a while, if at all, to sell an RI if you need to stop…
Does a similar job
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I built a service to help companies reduce AWS spend by 50%2022 · usage.ai · ▲123Hey HN: Kaveh here, the founder of https://www.usage.ai/ We help companies drive down AWS EC2 spend. Why? Because the way it's done now is a pain. DevOps and Software Engineers end up spending time managing costs rather than focusing on business problems. Previous to founding Usage, I worked on high-performance computing research at JP Morgan Chase and as a software engineer at a number of smaller startups. Here's how it works: We are typically brought in by a DevOps manager to cut AWS EC2 costs. The app is entirely self-service and the savings are generated automatically,…
- IBI built a service to help companies save on their AWS bills2020 · ▲73
Hey HN: I'm Kaveh, the founder of Usage (https://www.usage.ai/) We help companies drive down AWS costs. Why? Because the way it's done now is a pain. Stakeholders, especially engineers, are required to spend unnecessary time manually finding underutilized or overly expensive EC2s. We believe the optimization process should be done automatically through a series of sophisticated algorithms. At the moment, there are over 70,000 AWS EC2 prices - doing that manually just won't scale at most organizations. My background is in software engineering. Previous to founding Usage, I…
- U2Usage 2.0 – Cut AWS Spend by 57% in 5 Minutes2023 · ▲135
Hey HN: Kaveh here, the founder of https://www.usage.ai/ We launched on Hacker News for the first time early last year, and we've made a lot of progress since then. We've saved tens of millions of dollars for companies, and we are even more excited to announce the launch of a new product: insured reservations for RDS! We worked closely with AWS on this feature and are excited to finally make it generally available. We help companies drive down AWS EC2 & RDS spend. Why? Because the way it's done now is a pain. DevOps and Software Engineers end up spending time managing costs…
- ASAWS Savings CoPilot to save up to 50%2024 · ▲8
Hi HN community, My name is Kaveh, I'm the founder and CEO of www.usage.ai I launched on HN last year with the first version of Usage AI, we used Standard RIs and the RI marketplace to give customers the ability to buy 3-year no-upfront RIs which yielded 57% savings with none of the commitment. In conjunction with AWS, we have since moved to using Convertible Reserved Instances which are the most misunderstood but powerful savings instrument on AWS. As long as you have servers in any of the popular AWS regions, you can achieve up to 50% savings with no code change and the flexibility to…
- UCUsage, Cut your AWS Bill by 50%+ in 5 Minutes2022 · ▲43
Hi HN community, [Direct Link: www.usage.ai] I’m Kaveh, founder and CEO of Usage, and am excited to show you Usage, an app that helps you slash your AWS EC2 bill by 50% in ~5min by trading reservations. As of today, Usage is in General Availability and any AWS user can use it. It works by creating a limited-access IAM role (ReadOnly + Ability to Manage Reservations) into your AWS account(s). The AWS console interface has made it hard for companies to optimize their AWS spend. After years of working for different companies that use AWS, I still find it difficult to understand how much money…
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Hey HN! Some more info: I’m an NHS doctor and the founder of Pi-A (https://www.pi-a.io) which developed Lungy (https://www.lungy.app). Lungy is an app (iOS only for now) that responds to breathing in real-time and was designed to make breathing exercises more engaging and beneficial to do. It hopefully has many aspects of interest to the HN community – real-time fluid, cloth and soft body sims running on the phone’s GPU. My background is as a junior surgical trainee and I started building Lungy in 2020 during the first COVID lockdown in London. During COVID, there were…
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