Archera Company Research Report
Company Overview
Name:
Archera
Mission:
Archera empowers organizations to purchase cloud services with unprecedented flexibility, leveraging short-term, insured savings plans and Reserved Instances (RIs) to reduce costs and operate dynamically with no lock-in.
Founding:
- Founded By: Aran Khanna and Nikhil Khanna
- Founded In: No information is available
Key People:
- Aran Khanna - Co-Founder and CEO
- Nikhil Khanna - Co-Founder and CTO
- James Walters - COO
- Sarah Hussainy - VP, Customer Success
- Jabari Norton - VP, Sales
- Aniqa Hassan - VP, Product and Operations
- Joshua Corbett - Field CTO
- BJ Raynor - Director, Partner Sales
Headquarters:
- Location: Seattle, WA (Remote-first policy)
Number of Employees:
No information is available
Revenue:
No information is available
Known For:
Archera is known for its innovative cloud cost management platform that leverages commitment insurance to secure discounts on cloud services while providing flexibility to users.
Products
Insured Commitments
- Description: Short-term, insured savings plans for AWS and Azure, enabling users to secure the discounts of one- or three-year commitments with reduced risks.
- Key Features:
- Flexible terms as short as 30 days
- Coverage for uncertain cloud usage that was previously undiscountable
- Automation of cloud cost optimization
Free Cloud Management Platform
- Description: A no-cost platform for purchasing cloud resources and managing commitments.
- Key Features:
- Automate cost optimization
- Cloud cost and usage visibility
- Long-term forecasting and planning
- No fees based on spend or savings
Commitment Management
- Description: Tools to manage and visualize multicloud costs, allocate resources, and track savings.
- Key Features:
- Visualize cost and resource usage data across AWS and Azure
- Track costs and savings from complex billing instruments like savings plans and private pricing discounts
- Identify long-term growth strategies
Forecasting and Planning
- Description: Automated assessments and forecast-based models to plan efficient growth.
- Key Features:
- Qualify for compliance- and best-practices-driven discounts
- Generate and optimize long-term purchasing strategies
- Accelerate private pricing negotiations
Recent Developments
Series B Funding
- Details: Announced a $17 million Series B funding led by Highsage Ventures, Ridge Ventures, Amplify, and PSL Ventures.
- Purpose: To scale product offerings, embrace more platforms and partners, and enhance insurance products.
Expansion and Partnerships
- New Partner: Established strategic relationships with insurance partners like Relm Insurance.
- New Launches:
- Azure Insured Commitments: General availability for cost management and insured commitments for Microsoft Azure.
- Planned Products: Insured Commitments for Google Cloud and new commitment insurance and financing products.
Growth Metrics
- Customer Growth: Increased customer count more than 12x over the last year.
- Revenue Growth: Achieved over 500% revenue growth and net profitability in 2023.
- AWS Collaboration: Collaborated on 400+ opportunities with Amazon sellers.
New Features and Products
- Next Generation Commitment Planner: Launched new and advanced features in the commitment planner for optimized cloud commitments.
- Affiliate Marketing Program: Introduced an affiliate program to broaden reach and provide commissions for promoting Archera’s solutions.
Summary
Archera is at the forefront of cloud cost management, providing innovative solutions to optimize cloud spending while reducing financial risks. With ambitious growth plans backed by significant funding and strategic partnerships, Archera is poised to continue its trajectory as a leader in the cloud management space.
