Pump is a cloud savings tool powered by AI, designed to optimize Amazon Web Services (AWS) bills automatically, without requiring input from engineers. The tool aims to help businesses reduce their AWS expenses by up to 60% through features such as group discounts and real-time algorithmic arbitrage to align AWS consumption with commitments.
Operating at the billing layer level with minimal IAM permissions, Pump emphasizes maximum security while assuring no impact on the user’s infrastructure.
Businesses can start using Pump for free, with no commitment required until they are satisfied with the cost savings achieved. Pump encourages a year-long commitment from users to balance risks, monetizing through a small percentage from the collective spend’s volume discounts.
Pump currently supports various AWS services, including EC2, Sagemaker, RedShift, ECS, Lambda, EBS, ElasticCache, and OpenSearch, with plans to include support for RDS, EC2 Data Transfer, and S3 soon.
Key benefits of Pump include free estimate savings, zero financial risk, and minimal engineering effort. For any additional inquiries not addressed in the FAQ section on their website, users can reach out to Pump’s support team.
Although presently focused solely on AWS, Pump intends to expand its support to include GCP and Azure in the future.
More details about Pump
What is the onboarding process for new users of Pump?
New Pump users go through an onboarding process that begins with receiving an estimate of potential savings. Following this, they specify where they prefer to receive the cost savings and proceed to integrate their AWS account into Pump’s collective, enabling autonomous savings.
Does Pump offer services beyond AWS?
Presently, Pump exclusively provides services for AWS. However, there are plans to expand support to include GCP and Azure, slated for Q2 2023.
What exactly is Pump?
Pump is an AI-powered cloud savings tool designed to optimize Amazon Web Services (AWS) bills automatically. It operates without the need for input from engineers and aims to help businesses reduce their AWS expenses by up to 60%. Pump achieves this through group discounts and real-time algorithmic arbitrage to align AWS consumption with commitments.
How does Pump generate revenue?
Pump generates revenue by taking a small percentage from the volume discounts achieved through the collective spend of its users.
