Smart allocation of capital matters to all businesses, but especially to growing startups where every dollar counts. Saving money on capital-intensive costs like technology infrastructure is super important, particularly when those savings can be reinvested back into the company to increase efficiencies and maximize profits. When cost savings come with a better performing product, that’s a price-performance ratio that’ll make your CFO and investors smile.
Consider Snap Tech founder and CEO Jenny Griffiths. She migrated her cloud startup to Oracle and saved enough on hosting costs to re-allocate into scale.
“We moved all our hosting to Oracle Cloud using managed Kubernetes and saved 40% of our hosting costs,” she said. “We reinvested that cost savings into GPU shapes and have been able to deliver technology we never could have dreamed of. Oracle Cloud is instrumental in helping us scale and innovate.”
Jenny’s experience is not an anomaly. Here, six more startups discuss their successful migrations to Oracle Cloud and how they have saved costs and re-invested capital to scale their cloud startups.
“As you scale, it’s crucial you don’t incur costs to move data. Oracle allows 10 terabytes free and then goes to a fraction of the costs of AWS, which is huge for a growing startup. You can’t underestimate the storage cost advantage with Oracle.”
– Amro Shihadah, Founder and COO, IDenTV
“Our Data Virtualization platform runs on bare-metal and we find that OCI's infrastructure outperforms the others in pure cost/performance by a wide margin. We have documented how our open source platform, Pilosa, benchmarks against the other clouds and Oracle shines.”
– HO Maycotte, Founder and CEO, Molecula
“We found that the price structure on OCI is clear and offers a competitive price compared to other cloud providers. And Oracle Cloud was easy to learn and intuitive, as our cloud engineer has been able to pick it up quite fast and deploy our solution in record time.”
– Dr. Abdulrahman Alsultan, Founder and CEO, Awini App
“Oracle has by far the most transparent and value-based pricing in the market. I know exactly what I’m paying for – no surprises. We have saved around 40% of our costs and are able to reinvest that back into the business. And we are scaling across EMEA, and that’s basically all because of Oracle.”
–Asser Smidt, CEO and Cofounder, BotSupply
“The Transmute team found hosting Private Ethereum Networks to be much easier to use on Oracle Blockchain platform over Azure Kubernetes Engine. The experience was also significantly less expensive when accounting for all the engineering time spent chasing infrastructure ghosts.”
– Karyl Fowler, CEO and Cofounder, Transmute
“The startup program is delivering incredible value for us. It starts with the 70% discount for two years, which is a smart equity-free investment in our development, but the value extends beyond that. Oracle Cloud gives us the assurance we need to deliver value to our customers and to keep innovating with confidence.”
– Guy Mounier, Cofounder and CEO, AptivIO
[This is the second blog in a five-part series exploring why startups are migrating from other cloud providers to Oracle Cloud Infrastructure. Read the first installment: Startups Are Migrating to Oracle for Superior High Performance Computing.]