Spot
Cloud Optimization Platform
Company Overview
Snapshot
Founded in February 2015 by Amiram Shachar, Aharon Twizer, and Liran Polak, Spot operated with 51–200 employees. The company raised a total of $52.6 million across 4 funding rounds from 9 investors. In June 2020, Spot was acquired by NetApp.
Business overview
Spot provides a SaaS optimization platform designed to help businesses reduce costs while maintaining high availability and performance in cloud environments. The company offers a virtual cloud-agnostic layer that functions as a multi-cloud enabler, providing high availability across Amazon Spot Market, Microsoft Azure low-priority virtual machines, Google preemptible virtual machines, and Packet bare metal servers. Spot facilitates the balance between various infrastructure purchase options and offers smart infrastructure products, primarily serving enterprises within the Business Software sector, focusing on cloud, data storage, and AI/machine learning technologies.
Strategic signal
In November 2025, it was reported that Flexera, which had acquired Spot from NetApp, decided to cease the startup's operations in Israel, leading to employee layoffs. This indicates a significant operational restructuring and a shift in the company's regional presence and strategic direction under its current ownership.
Log in to access full profile ›Company Intelligence Q&A
- What was a significant acquisition event for Spot?
- In June 2020, Spot was acquired by NetApp for $450 million. This acquisition was completed in July 2020.
- What was the latest reported funding round for Spot?
- Spot secured a B Round of funding in August 2018 from investors including Intel Capital and Leaders Fund.
- Did Spot make any acquisitions?
- In April 2019, Spot acquired StratCloud, a company focused on cloud capacity management.
- What was the strategic partnership announced by Spotinst?
- In February 2019, Spotinst announced a partnership with Amazon Web Services to enhance its cloud optimization offerings.
- What was the outcome of the acquisition of Spot by NetApp?
- In January 2025, NetApp sold Spot to Flexera for $100 million, four years after its initial $450 million acquisition.