Spot

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 $52.6M across 4 funding rounds from 9 investors. Spot was acquired by NetApp in June 2020.

Business overview

Spot provides a SaaS optimization platform designed to help businesses reduce costs while maintaining high availability and performance in cloud environments. Functioning as a virtual cloud-agnostic layer, the company acts as a multi-cloud enabler, offering 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 different infrastructure purchase options and offers smart infrastructure products that extend the public cloud experience to various hardware and facilities, operating within the Business Software sector.

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 local employee layoffs. This indicates a significant strategic shift and operational restructuring for the company following its acquisition journey, signaling a change in its operational footprint and future direction under new ownership.

Company Intelligence Q&A

Which company acquired Spot from NetApp?

In January 2025, NetApp sold Spot to Flexera for $100 million.

What was a key strategic partnership for Spot?

In February 2019, Spotinst announced a partnership with Amazon Web Services to enhance its cloud capacity management services.

What was Spot's last disclosed funding round before its acquisition?

In August 2018, Spotinst secured a Series B funding round from investors including Intel Capital.

What was the reported outcome for Spot's operations in Israel following its acquisition by Flexera?

In November 2025, Flexera decided to close Spot's operations in Israel, resulting in the layoff of local employees.