CloudBolt has announced the launch of its new CloudBolt Platform, designed to address the growing challenges enterprises face with escalating cloud costs and increased complexity. The platform utilises artificial intelligence (AI) and machine learning (ML) to enable continuous, intelligent cloud optimisation across both public and private cloud environments, providing a third-generation FinOps solution, according to analysts.
The company has highlighted three key innovations in the new platform: Continuous Optimisation via Cloud Native Actions (CNA), a Unified Cloud Fabric via CloudBolt Agent and Expanded Cloud ROI Capabilities via a Tech Alliance Programme. These innovations aim to redefine full lifecycle cloud cost management. Craig Hinkley, Chief Executive Officer of CloudBolt, emphasised the importance of these advancements, stating, "At the start of this year, CloudBolt shared a clear path forward aimed at making Augmented FinOps a reality."
The Continuous Optimisation via CNA feature seeks to transform traditional FinOps processes by automating cloud resource management. This new approach drastically reduces the lead time for turning insights into actions, from weeks to minutes, and scales the impact of FinOps without increasing headcount. The goal is to eliminate waste and optimise costs efficiently. "CNA transforms manual FinOps processes into a continuous, efficient optimisation loop," said the company in its statement.
The Unified Cloud Fabric via CloudBolt Agent is another significant development. This feature extends the capabilities of CloudBolt's Augmented FinOps Platform beyond public clouds to include private cloud, Kubernetes, and platform as a service (PaaS) environments. The CloudBolt Agent enhances data collection and intelligent automation beyond public clouds, allowing customers to unify cloud management and maximise return on investment (ROI) by integrating with platforms such as VMware, OpenStack, and Kubernetes. "This is only the beginning," Hinkley added, underscoring the broad scope and potential of the new features.
The Expanded Cloud ROI Capabilities aim to broaden CloudBolt's optimisation offerings through deeper integration with leading FinOps solutions sharing CloudBolt's vision of maximising ROI in the cloud. The inaugural partnership with StormForge, announced in April, is part of this expansion, and the company is actively exploring additional partnerships. CloudBolt invites inquiries from interested solution providers to further this initiative.
According to industry research, 91% of the market believes FinOps will not fully scale or achieve true effectiveness without tools powered by AI/ML-driven insights. Kyle Campos, Chief Technology and Product Officer at CloudBolt, remarked on the alignment of the FinOps community's evolving priorities with the company's vision for the future. "Whether it be the increasing demand for more mature automation solutions to scale FinOps outcomes, the continued exploration of AI applications and uses, or the questioning of the boundaries of FinOps scope, we are confident that we are building solutions that are enabling the next evolution of FinOps," said Campos.
Leading enterprises are already employing the CloudBolt Platform to streamline both public and private cloud management. They gain real-time visibility and automate resource optimisation to seamlessly control costs and improve overall cloud efficiency. CloudBolt's approach goes beyond traditional methods by anticipating the need for AI/ML-powered insights, continuous optimisation, and unified cloud management across the entire cloud resource lifecycle.
The CloudBolt Platform is now generally available. Those interested can learn more about its capabilities or inquire about the Tech Alliance Programme. An exclusive webinar titled "FinOps Reimagined: AI, Automation, and the Rise of 3rd Generation Tools" is scheduled for October 22, featuring guest presenter Tracy Woo, Principal Analyst at Forrester Research.
