Usage.ai's insured CUDs add an insurance component to mitigate this risk. The commitments to public cloud providers are fully insured by Usage.ai and backed by a cash-back guarantee. If actual usage is less than the committed amount, the insurance covers the difference, ensuring companies receive the full benefit of the CUD without the risk of overpaying. The company charges a percentage of the savings in exchange for insuring the full value of the commitment.
Key takeaways:
- Usage.ai, a cloud cost optimization company, is now available for customers on GCP and Azure, in addition to AWS.
- Usage.ai offers insured committed use-discounts (CUDs) to reduce commitment risk and enable higher savings for companies on the cloud.
- If a company's actual usage falls below the committed amount, Usage.ai's insurance covers the difference, ensuring the company receives the full benefit of the CUD without the risk of overpaying.
- Usage.ai charges a percentage of the savings in exchange for insuring the full value of the commitment.