Managing today’s complex hybrid and multi-cloud environments can be a major challenge. As part of CRN’s Stellar Startups for 2024, here are four cloud startups developing next-generation tools for managing cloud systems and keeping cloud costs under control that solution providers should be aware of.

The New Generation Of Cloud Computing Companies

Worldwide public cloud end-user spending is expected to surpass $675 billion this year, according to market researcher Gartner, up 20.4 percent from $561 billion in 2023. Cloud growth drivers include generative AI and application modernization initiatives, Gartner said in a July report.

While a great deal of IT hardware and software remains installed in on-premises data centers, businesses and organizations are running more of their applications and storing more of their data in cloud-based systems – including public and private clouds.

Increasingly dispersed hybrid-cloud and multi-cloud networks can be challenging to manage, however. Applications need to be connected and integrated. Data needed for operational and analytical tasks may be dispersed across multiple silos. Just keeping track of which cloud services an organization is using – and paying for – can be a significant problem.

To help with these challenges, a new generation of startups is building leading-edge products for deploying, connecting and managing cloud infrastructure systems and applications – and keeping cloud computing costs in check. As part of CRN’s Stellar Startups for 2024, here’s a look at for startups – founded in 2018 or later, that solution providers should know.

Kloudfuse

Founded: 2021

Top Executive: Krishna Yadappanavar, CEO and Co-Founder

Kloudfuse is an AI-powered observability platform deployed within your VPC, offering full control over costs and security. It provides comprehensive stack observability across metrics, events, logs, and traces, with an observability data lake, advanced analytics, and 700-plus connectors. Kloudfuse integrates seamlessly with existing vendors or open-source agents, ensuring fast onboarding.

Website: www.kloudfuse.com

Kubecost

Founded: 2019

Top Executive: Webb Brown, CEO

Kubecost provides a solution for monitoring, managing, and optimizing cloud computing and Kubernetes spending at scale and in real-time. Kubecost is trusted by partners and customers to monitor costs across all major cloud providers, and in on-prem and air-gapped environments.

Website: https://www.kubecost.com/

Prosimo

Founded: 2019

Top Executive: Ramesh Prabagaran, CEO and Co-Founder

The evolution of cloud has significantly influenced the development of cloud network architecture, contributing to the challenges enterprises face. Prosimo came up with a radical new way to empower a true multi-cloud infrastructure strategy that allows large enterprises to deliver apps that are fast, secure, and cost-optimized.

Website: https://prosimo.io/

Ternary

Founded: 2020

Top Executive: Sasha Kipervarg, CEO and Co-Founder

Purpose-built for FinOps, Ternary empowers organizations to establish cloud cost transparency, improve cost and usage efficiency, and foster communication between teams. Today, Ternary manages more than $7 billion in multi-cloud spending across hundreds of customers and managed service providers.

Website: https://ternary.app