• Cost management platform Anodot has inked a strategic partnership with FinOps and TBM platform.
• The partnership will integrate technology from both firms to help clients better manage cloud costs.
• Virginia-based Anodot made its Finovate debut at FinovateEurope 2022.

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Cloud-based cost management platform Anodot has forged a strategic partnership with FinOps and TBM platform YäRKEN. The partnership will integrate technology from both firms to enable clients to manage cloud costs – both on-premises and in the private cloud – from a single interface.

“Anodot and YäRKEN are a perfect strategic match,” Anodot CEO and Co-founder David Drai said. “Our technology uses AI to help enterprises discover inefficiencies in their cloud spend, and YäRKEN’s platform helps those same organizations manage cloud spend across on-prem and cloud deployments.”

YäRKEN offers a tech cost management platform that gives users comprehensive cost optimization across cloud, on-premise, and hybrid environments to enhance profitability and reduce tech spend. YäRKEN’s platform features legacy platform TCO, Application TCO, IT planning, and Showback/Chargeback. Based in Auckland, New Zealand, YäRKEN announced earlier this year that the company’s solutions were now available on the AWS Marketplace. This news followed confirmation that YäRKEN had secured FinOps platform certification from the FinOps Foundation, underscoring the firm’s commitment to excellence and industry best practices. Ravi Kuppan is YäRKEN CEO and Co-founder.

For its part, Anodot is a cost management platform that identifies waste, tracks savings, and gives users transparency into both current and future costs. The platform enables users to facilitate strategic financial planning and management of multi-cloud, Kubernetes pods and SaaS tools. The solution also features a multi-tenant, multi-billing platform that optimizes costs across departments, teams, products, and unit economics.

“Anodot’s AI capabilities in cost optimization are a perfect match for YäRKEN, enabling us to cover the full spectrum for Anodot’s and YäRKEN’s existing client base,” Kuppan said. “Together, we extend the power of FinOps to include on-prem tech spend.”

Founded in 2014 and headquartered in Ashburn, Virginia, Anodot made its Finovate debut at FinovateEurope 2022. At the conference, Anodot demoed its payments monitoring tool that leverages AI to constantly monitor and correlate payments activity and business performance to identify revenue-critical issues and provide real-time actionable alerts.

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Photo by engin akyurt on Unsplash

• Analytics and monitoring solutions company Anodot has launched CostGPT to help businesses monitor cloud costs.
• Anodot’s CostGPT leverages AI to enable business managers to learn about and manage their cloud costs data conversationally via chat.
• Headquartered in Virginia, Anodot made its Finovate debut last year at FinovateEurope in London.

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Advanced analytics and monitoring solutions provider Anodot has unveiled its latest solution, CostGPT. The new AI-powered offering enables cloud users to access accurate and personalized analysis of their cloud costs. With CostGPT, users will be able to better address everything from complex pricing models to cloud resource allocation with a simple query.

In addition to being able to ask the platform questions about cloud costs via chat, CostGPT provides optimization recommendations to help users better understand their cloud spending. The technology helps businesses avoid unnecessary costs, optimize resource utilization, and leverages real-time, intuitive data visualizations to make analysis, planning, and decision-making easier.

“This feature enables users to interact with their cloud cost data conversationally, making it more accessible and effortless than ever before,” Anodot Head of Product Limor Tepper said. “It’s all about ensuring that our users have the answers they need at their fingertips. And it doesn’t stop at text responses; it supplies the answers with graphical results that are easy to understand at a glance.”

Founded in 2014 and headquartered in Ashburn, Virginia, Anodot made its Finovate debut at FinovateEurope 2022. At the event, the company demoed its Payments Monitoring Tool. The technology leverages AI to monitor and correlate payments activity and business performance. This enables Anodot to spot potential issues and provide users with actionable alerts and forecasts in real-time. Businesses use Anodot to monitor a wide range of operations from front end applications to APIs to payments. Anodot says it has helped companies cut the time-to-detection of revenue-critical issues by up to 80%.

Anodot has raised $64.5 million in funding from investors including Alicorn Venture Capital and Redline Capital. Also last month, Anodot announced a “long-term strategic partnership” with DevOps and FinOps services Automat-IT. The partnership is designed to help consumers maximize their deployments on Amazon Web Services (AWS). Over the summer, Anodot released its annual State of Cloud Cost survey. The report highlighted trends such as the rise of third-party solutions and the challenge of cloud cost transparency.

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Photo by Timur Saglambilek

• Business monitoring innovator Anodot and network telemetry and analytics solutions provider BENOCS teamed up to help Deutsche Telekom Global Carrier implement a new network monitoring solution.
• The new solution will help companies monitor a wide range of business operations.
• Anodot made its Finovate debut at FinovateEurope 2022 in March.

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Virginia-based business monitoring company and Finovate newcomer Anodot has helped Deutsche Telekom Global Carrier implement a new and improved network monitoring solution. Deployed in partnership with Anodot and network telemetry and analytics solutions provider BENOCS, the new service monitors network data and recognizes changes in traffic behavior and flow. This helps ensure that only relevant anomaly alerts are issued and received, reducing cost and effort.

“Telco service providers must process an immense amount of data from multiple sources to ensure optimal service across their complex network environments,” Anodot CEO David Drai said. “By monitoring granular performance and fault data in real-time and providing automated insights, Anodot enables communications services providers to identify and resolve issues quicker. Alert noise will now be a thing of the past for Deutsche Telekom Global Carrier.”

Anodot offers a business monitoring platform that leverages machine learning to analyze and correlate key business parameters and provide real-time alerts and forecasts. The company reports that members of the Fortune 500 have used Anodot’s technology to reduce time-to-detection for revenue-critical issues by up to 80%. The platform monitors a wide range of business operations, including front end applications, UX, backend servers, APIs to vendors and providers, payment flows, balances, ledgers, investments, trades, and more.

“Having been a satisfied BENOCS customer for a number of years now, we decided it was time to take the next monitoring step,” Deutsche Telekom Global Carrier VP of Internet & Content Services Carsten Bruns said. “The integration of Anodot’s anomaly detection technology with BENOCS’ comprehensive Flow Analytics has already saved us valuable time in identifying irregularities and rectifying network issues.”

Founded in 2014, Anodot made its Finovate debut at FinovateEurope earlier this year, demonstrating its payments monitoring tool. In the months since then, the company has forged partnerships with telecommunications service provider Altice Portugal, connectivity company Vodafone New Zealand and, most recently, technology intelligence leader Snow Software. Anodot has raised more than $64 million in funding from investors including Alicorn, Redline Capital, and Intel Capital.

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Photo by Brett Sayles