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ArcherA spent $7 million to help AWS and azure customers reduce costs and optimize use

Posted on September 30, 2021September 30, 2021 by William

ArcherA, a Seattle startup called reserved.ai, announced a series a financing of $7 million.
ArcherA was founded in 2019 to help companies using Amazon Web services, Microsoft azure and other platforms automate cloud resource management processes. It analyzes customers’ cloud usage patterns and matches them to a set of best buy options.

ArcherA’s revenue has increased by 150% this year. It has dozens of customers, including fortive, Hiya, valtix, guardian health, Kumu, zebrium and 4C insights.

The startup is led by the brothers Aran Khanna and Nikhil Khanna.

Aran wrote in a blog post: “our vision is to expand our solutions to meet the needs of customers at all stages of the cloud application process – from customers who have just begun to migrate to the cloud to customers currently operating in a multi cloud environment.”.

Aran is the finalist of the young entrepreneur of the year for the geekwire award in 2021. He previously co founded a retail startup called glia intelligence with Nikhil. He also worked as an Artificial Intelligence Engineer in Amazon Web services and interned in Microsoft azure. Nikhil completed engineering internships on Facebook and Uber.
Both brothers graduated from Bill Gates’ alma mater, the Lakeside School in Seattle.

Christianto is the company’s vice president of engineering. He has worked in AWS, azure and apple, where he worked as a member of the company’s icloud team for four years.

Geekwire had written about Aran before, when his internship on Facebook was cancelled because he exposed vulnerabilities in the messenger application of the social media company. In 2013, Nikhil founded a mobile game company as a teenager and later became the protagonist of the company.

Ridge ventures and amplify partners led the round, including PSL ventures, mark and Josh Leslie of Leslie ventures, Stephen garden, former chief executive of onica, and others.

To date, ArcherA’s total funding is $10.3 million. The company has 18 employees and is expected to double the number of employees by the end of next year. Daniel Christianto was the co-founder of the company, but later left.

Aran wrote in his blog post: “as we gradually become a glass of cloud resource management, we will build functions such as cloud migration planning and advanced modeling and prediction for multi cloud resource provisioning.”.

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