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Platform9 CEO Sirish Raghuram says an Arbitrage capability added to the Platform9 Managed Kubernetes service can now continuously monitor Spot and standard EC2 instances to determine where the most cost-effective location is for a Kubernetes cluster based on the service level agreements (SLAs) established.

Madhura Maskasky, co-founder and vice president of product, Platform9, speaks at the GeekWire Cloud Tech Summit.

The solution provides improved cloud cost control for organizations by continuously evaluating the pricing of cloud resources against target SLAs to automatically decide whether Spot instances or standard EC2 instances are deployed.

Platform9 recently released ‘Arbitrage,’ which allows users to dynamically run nodes in a cluster on Amazon EC2 Spot Instances. The company also offers solutions for Kubernetes management, a serverless framework, and more.

With Arbitrage, users can now define the total number of nodes in a Kubernetes cluster and deploy them as Spot Instances on Amazon EC2.

Business Intelligence Group announces winners of the 2018 Stratus Awards for Cloud Computing. Platform9 wins as a leader in the “hybrid cloud provider” category.

Platform9 offers a one-of-a-kind SaaS-managed hybrid cloud solution, enabling IT Operations teams to easily deploy and manage VMs, Containers and Serverless applications across any infrastructure – on premises and on public clouds.

“Serverless on Kubernetes is a real thing, and this could kill off non-Kubernetes FaaS or PaaS (platform-as-a-service) products.”