Grumatic is a cloud cost optimization startup that promises to be a global leader in the field. With a slogan of "A global leader of Cloud Cost Optimization," the company guarantees a minimum of 10% savings for AWS costs. As of 2020, many organizations were overshooting their cloud IaaS budgets, with an average of 35% of their cloud bills being wasted on resources. Grumatic aims to address this issue by providing a cloud cost optimizer, which helps organizations save time, money, and resources by providing relevant information, alerts for usage anomalies, and optimization suggestions.
Founded in 2018 and headquartered in the United States, Grumatic secured a Seed Round investment on December 21, 2021, with participation from prominent investors including Nextrans, Olive Tree Ventures, PMF Investments, and Vision Creator. With its focus on Information Technology, the company offers a compelling solution to a pressing challenge faced by many organizations in today's cloud-centric business environment.