Pump is a free tool designed to help startups save on cloud expenses by leveraging group buying and AI technology. It is described as the "Costco for Cloud Compute" by Forbes. Pump aims to reduce cloud costs by up to 60% through automated solutions, allowing finance and engineering teams to focus on innovation without the burden of managing cloud expenses. The tool offers features such as automated AWS savings, advanced intelligence support, and testimonials from over 200 startups experiencing substantial cost reductions.
Pump operates on a revenue model where the company monetizes through a small percentage from volume discounts across the collective large AWS spend. The tool does not require contracts or credit cards on file, and users can cancel at any time. The service includes auto-reserved instances, auto-saving plans, unlimited accounts, unlimited users, and 24/7 support. According to customer testimonials, Pump has delivered significant savings, even from the first month of usage.
In summary, Pump is a free platform that helps startups save on cloud expenses by offering automated solutions and leveraging group buying to achieve substantial cost reductions without the need for extensive engineering effort.
Pump was created by Morgan Zysman, the co-founder of OlaClick. The company, Pump Billing, Inc., offers a free product that leverages group buying and AI to save on cloud costs for startups spending between $1k to $200k monthly on services like AWS or GCP. The business model monetizes through a small percentage from volume discounts across collective large AWS spend, with all revenue coming from AWS. Pump focuses on providing significant cost reductions effortlessly without the need for engineering input, ensuring startups can focus on innovation without the hassle of managing cloud expenses.
To use Pump effectively, follow these steps:
Sign up for Pump: Register for a free account on Pump's website with no need for credit cards or contracts.
Grant Permissions: Allow Pump read-only access first to view potential savings, then write access to activate savings, following their simple KYB approval process.
Start Saving: Benefit from Pump's automated AI tool that identifies and applies the best cost-saving opportunities without requiring engineering involvement.
Monitor Savings: Keep track of your savings directly from Pump's dashboard after receiving KYB approval.
Utilize Group Buying: Take advantage of Pump's collective approach to saving, where larger groups enjoy more significant discounts together.
Enjoy Cost Reductions: Experience substantial cost reductions of up to 60% on your monthly AWS or GCP spending, similar to the savings enjoyed by major tech companies.
By following these steps, you can leverage Pump's innovative tool to optimize your cloud costs effortlessly and efficiently while focusing on your core business activities.
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