Sync Computing nabs $15.5M to automatically optimize cloud resources – TechCrunch

After a pandemic-driven cloud adoption boom in the enterprise, costs are finally coming under a microscope. More than a third of businesses report having cloud budget overruns of up to 40%, according to a recent poll by observability software vendor Pepperdata. A separate survey from Flexera found that optimizing the existing use of cloud services is a top initiative at 59% of companies -- cost being the main motivation. An entire cottage industry of startups has sprung up around optimizing cloud compute. But one in the race, Sync Computing, claims to uniquely tie business objectives like cost and runtime reduction directly to low-level infrastructure configurations.