Cloud optimization platform Spotinst closes $2 million round

Spotinst, an infrastructure as a service platform for enterprises of all sizes, closed a $2 million series A round led by PICO Venture Partners, the startup announced today.

The Tel Aviv-based Spotinst says it offers a cloud optimization service that “chooses the most effective cloud option for its customers, ensuring reliability and stability, while saving customers up to 80% on cloud operating costs.”

Spotinst will use the funds to further expand its technology and grow its client list, said PICO Venture Partners’ Todd Kesselman.