Platform9’s Managed Kubernetes Solution Adds ‘Arbitrage’ Capabilities to Dynamically Run Nodes in a Cluster on Amazon EC2 Spot Instances

The solution automatically optimizes cost and infrastructure utilization by continuously evaluating cloud costs and dynamically allocating capacity at the lowest price available, while ensuring availability and performance SLAs are met.

Sunnyvale, CA – August 28, 2018 – Platform9, the leader in SaaS-managed hybrid cloud, today announced Arbitrage – a new capability for Platform9 Managed Kubernetes that allows companies to define what percentage of their total number of nodes in a Kubernetes cluster to deploy as Spot instances on Amazon EC2 at adjustable Spot bid prices, and what level of fault tolerance and performance to maintain. 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. The advantages of Arbitrage are further realized when combined with Fission, the open source Serverless framework, for the execution of Functions for Kubernetes using cheaper cloud resources than the more expensive EC2 instances or the dedicated Kubernetes services offered by public clouds.

Learn more about Arbitrage and other Platform9 Managed Kubernetes capabilities here.

With Arbitrage, organizations can significantly lower their Amazon EC2 costs without sacrificing fault tolerance for mission-critical Kubernetes-based applications,” said Sirish Raghuram, Co-Founder and CEO of Platform9. “Arbitrage is another example of the automated management capabilities  we offer our customers to enable them to take advantage of new technologies, such as Kubernetes, while reducing infrastructure costs and management overhead.

Platform9 Managed Kubernetes is the industry’s only enterprise-grade, SaaS-managed solution that is infrastructure agnostic, working across any public cloud or on-premises infrastructure. This remotely-managed service eliminates the operational complexity around using Kubernetes for enterprise workloads, by delivering it as a Service – with deployments, monitoring, upgrades, fault tolerance and troubleshooting — all handled automatically. Platform9 Managed Kubernetes allows enterprises to benefit from a robust production-grade Kubernetes solution within an hour, on any infrastructure environment, with all the enterprise features built in –  such as SSO, backups, failover and HA clusters, auto-healing, and more – all of which are backed by the company’s 247x7x365 SLA.

To allow users to accelerate their time-to-value with Kubernetes even further, Platform9 created Fission, the industry-leading open source Serverless framework that is Kubernetes-native, and is free to use under the Apache license. With Fission, developers can easily code, deploy and operate Serverless applications that are production-ready from the get-go – without having to learn anything about Kubernetes. It allows Operations to enable a Lambda-like experience (the Serverless service from AWS) in their own backyard – on any infrastructure, without risking lock-in or incurring additional cloud costs.

Furthermore, Platform9’s hybrid cloud solution provides a single pane of glass with a unified experience across VMs, Kubernetes, and Serverless functions. This ensures enterprises have consistent management and visibility across all their technology stacks and environments – on-prem and in the cloud.

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New ‘Arbitrage’ Feature Added to Managed #Kubernetes Solution from @Platform9Sys to Dynamically Run Nodes in a Cluster on Amazon #EC2 Spot Instances #AWS #cloud #K8s #cloudcost #spotinstances

About Platform9

Platform9 delivers a SaaS-managed hybrid cloud solution that turns existing infrastructure into a cloud, instantly. We help enterprises drive digital transformation by enabling them to manage VMs, Containers and Serverless Functions on ANY infrastructure — on-premises, in public clouds, or at the edge – with a self-service, simple and unified experience. Customers such as Cadence, Autodesk, Splunk, EBSCO, Bitly, LogMeIn, and Aruba see upwards of 300 percent improvement in IT efficiency, 33 percent faster time to market, and 50-80 percent improvement in data center utilization and cost reduction. The company is headquartered in Sunnyvale, CA, and is backed by Redpoint Ventures, Menlo Ventures, Canvas Ventures, and HPE.

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