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 cloud resource management process. It analyzes a customer’s cloud usage patterns and matches them to an optimal set of purchasing options.
Archera has grown revenue by 150% this year. It has dozens of customers including Fortive, Hiya, Valtix, Guardant Health, kumu, Zebrium and 4C Insights.
“Our vision is to expand our solution to address the needs of customers across all stages of the cloud adoption journey — from those who are just beginning migration to the cloud to those who are currently operating in a multi-cloud environment,” Aran wrote in a blog post.
Aran, a finalist for Young Entrepreneur of the Year at the 2021 Mekhato Awards, previously co-founded a retail startup called Glia Intelligence with Nikhil. He also worked as an AI engineer at Amazon Web Services and interned at Microsoft Azure. Nikhil completed engineering internships at Facebook and Uber.
Both brothers graduated from Lakeside School in the Seattle region — the alma mater of Bill Gates.
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.
Mekhato previously wrote about Aran when his Facebook internship was rescinded after he exposed a flaw in the social media company’s Messenger app. Nikhil was featured in 2013 after he created a mobile game company as a teenager.
Ridge Ventures and Amplify Partners led the round, which included participation from PSL Ventures, Mark and Josh Leslie of Leslie Ventures, 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 headcount by the end of next year.
“As we move towards becoming a single pane of glass for cloud resource management, we will build features such as cloud migration planning and advanced modeling and forecasting for multi-cloud provisioning,” Aran wrote in the blog post.