Company:Cloudcheckr
| Type | Private (acquired) |
|---|---|
| Industry | Cloud management software |
| Founded | 2011 |
| Founders | Aaron Charles Newman, Aaron Klein |
Key people | Tim McKinnon (CEO, from 2019); Aaron C. Newman (Executive Chairman) |
| Parent | NetApp (via Spot by NetApp) |
CloudCheckr is an American cloud management software company headquartered in Rochester, New York.[1][2] The company provides tools for cloud cost optimization, security, compliance, automation, and governance for organizations operating on public cloud services.[2]
History
CloudCheckr was founded in 2011 by Aaron C. Newman and Aaron Klein.[3] Newman, a serial entrepreneur, served as CEO during the company’s early years and later transitioned to executive chairman.[4][5]
The company expanded from Amazon Web Services (AWS) support to a multi-cloud platform incorporating Microsoft Azure, Google Cloud, and others.[6] In June 2019, CloudCheckr appointed Tim McKinnon as CEO, while Newman became executive chairman.[7][5]
In October 2021, NetApp announced its acquisition of CloudCheckr, integrating the product into its Spot by NetApp CloudOps portfolio.[8][9][10]
Funding
The company raised approximately US$50 million in a 2017 Series A round led by Level Equity, followed by a US$15 million Series B round in 2019.[8][11]
In 2021, CloudCheckr reportedly had about 600 customers and around US$29 million in annual revenue, with a staff of roughly 150.[9]
Acquisition by NetApp
NetApp’s 2021 acquisition of CloudCheckr was part of its broader strategy to expand FinOps capabilities and cloud resource optimization.[8] Industry analysts noted that the combination of CloudCheckr’s cost visibility and Spot’s automation offered enterprises a more comprehensive FinOps solution.[12]
Philanthropy
Co-founder Aaron Newman has contributed to educational and STEM programs, including establishing a US$25,000 endowed STEM scholarship at Monroe Community College.[13]
References
- ↑ Ericson, Paul (2021-10-05). "CloudCheckr to be acquired by Fortune 500 firm" (in en-US). https://rochesterbeacon.com/2021/10/05/cloudcheckr-to-be-acquired-by-fortune-500-firm/.
- ↑ 2.0 2.1 Fanelli, Gino (2019-05-16). "Climbing the startup mountain with Aaron Newman" (in en-US). https://rbj.net/2019/05/16/climbing-the-start-up-mountain-with-aaron-newman/.
- ↑ Clausen, Todd. "CloudCheckr grows at Village Gate and in the 'cloud'" (in en-US). https://www.democratandchronicle.com/story/money/business/2017/06/05/cloudcheckr-moves-into-larger-rochester-headquarters/369328001/.
- ↑ "Advice From a Founder: Q&A with CloudCheckr’s Aaron Newman | AWS Startups Blog". 2014-07-22. https://aws.amazon.com/blogs/startups/qa-with-aaron-newman-founder-of-cloudcheckr/.
- ↑ 5.0 5.1 Clausen, Todd. "CloudCheckr grows at Village Gate and in the 'cloud'" (in en-US). https://www.democratandchronicle.com/story/money/business/2017/06/05/cloudcheckr-moves-into-larger-rochester-headquarters/369328001/.
- ↑ Muthusamy, Arunprabhu (2023-03-27). "What does CloudCheckr offer for Azure Cost Optimization?" (in en-US). https://turbo360.com/blog/what-does-cloudcheckr-offer-for-azure-cost-optimization-and-its-considerations.
- ↑ Mellor, Chris (2021-10-04). "NetApp buys CloudCheckr so its customers can control cloud costs better" (in en-US). https://blocksandfiles.com/2021/10/04/netapp-buys-cloudcheckr-so-its-customers-can-control-cloud-costs-better/.
- ↑ 8.0 8.1 8.2 "NetApp buys CloudCheckr so its customers can control cloud costs better". Blocks & Files. October 4, 2021. https://blocksandfiles.com/2021/10/04/netapp-buys-cloudcheckr-so-its-customers-can-control-cloud-costs-better/.
- ↑ 9.0 9.1 "NetApp sells Spot and CloudCheckr to cloud cost control company Flexera" (in en-US). 2025-01-15. https://siliconangle.com/2025/01/15/netapp-sells-spot-cloudcheckr-cloud-cost-control-company-flexera/.
- ↑ "Flexera to scoop up parts of NetApp's portfolio" (in en). 2025-01-15. https://www.techzine.eu/news/infrastructure/127829/flexera-to-scoop-up-parts-of-netapps-portfolio/.
- ↑ Falconer, Kirk (2017-05-26). "Mistral Venture Partners II raises most of $35 mln target, invests in Blue J Legal" (in en-US). https://www.venturecapitaljournal.com/mistral-venture-partners-closes-fund-ii-26-mln-invests-in-blue-j-legal/.
- ↑ "Market Alert: NetApp Agrees to Acquire CloudCheckr". Amalgam Insights. October 5, 2021. https://amalgaminsights.com/2021/10/05/market-alert-netapp-agrees-to-acquire-cloudcheckr-and-to-improve-cloud-cost-environments/.
- ↑ "Activity Report June 1, 2018 through August 31, 2018". Monroe Community College. https://www.monroecc.edu/ArchAnnou.nsf/4348e1fdc948aa3085256b8a005a8e8b/8100296FB7523C1E8525831500555001/%24file/Activity%20Report%20June%201%2C%202018%20through%20August%2031%2C%202018.pdf.
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