Archera, a Seattle startup formerly known as Reserved.ai, announced a $ 7 million Series A funding round.
Founded in 2019, Archera helps companies using Amazon Web Services, Microsoft Azure, and other platforms automate the process of managing resources in the cloud. Analyze a customer’s cloud usage patterns and match them with an optimal set of purchasing options.
Archera has increased revenues by 150% this year. It has dozens of clients, including Fortive, Hiya, Valtix, Guardant Health, kumu, Zebrium, and 4C Insights.
The startup is led by brothers Aran Khanna and Nikhil Khanna. Daniel Christianto is the other co-founder.
“Our vision is to expand our solution to address customer needs at all stages of the cloud adoption journey, from those just beginning the cloud migration to those currently operating in a multi-cloud environment.” wrote Aran in a blog post.
Aran, a finalist for the Young Entrepreneur of the Year Award at the 2021 GeekWire Awards, previously co-founded a retail startup called Glia Intelligence with Nikhil. He also worked as an AI engineer at Amazon Web Services and did an internship at Microsoft Azure. Nikhil completed engineering internships at Facebook and Uber.
Both brothers graduated from Lakeside School in the Seattle region, Bill Gates’ alma mater.
Christianto, the company’s vice president of engineering, has experience working at AWS, Azure, and Apple, where he spent four years as part of the company’s iCloud team.
GeekWire previously wrote about Aran when his Facebook internship was terminated after he exposed a glitch in the social media company’s Messenger app. Nikhil appeared in 2013 after starting a mobile game company when he was a teenager.
Ridge Ventures and Amplify Partners led the round, which included participation from PSL Ventures, Leslie Ventures’ Mark and Josh Leslie, former Onica CEO Stephen Garden, and others.
Total funding is $ 10.3 million to date for Archera. The company has 18 employees and expects to double the workforce by the end of next year.
“As we move toward becoming a single pane of glass for cloud resource management, we will create features such as cloud migration planning and advanced modeling and forecasting for multi-cloud provisioning,” Aran wrote in the blog post.