CloudSplit

CloudSplit was a financial technology company that provided a real-time analytics platform for cloud computing expenditure. Founded in 2009 by Joe Drumgoole in Dublin, Ireland, the firm aimed to address the challenge of unexpected cloud service costs.

The company's core offering was an application designed to give businesses a transparent, real-time view of their spending on the Amazon cloud grid. Its service worked by actively tracking cloud usage and presenting the data through clear graphical breakdowns. This enabled clients to understand precisely how their costs were being accrued. A key feature of the platform was the ability for administrators to establish custom policies and warnings, which would trigger alerts to prevent accidental overspending on cloud resources.

CloudSplit's business model was centered on providing this specialized monitoring tool to companies utilizing cloud infrastructure, helping them manage operational expenses more effectively. The company secured a total of $151K in funding through two rounds, including a seed round in late 2009 and a grant from the NDRC in April 2010. Despite its early-stage funding and a clear value proposition in the growing cloud market, the company is now considered deadpooled and is no longer operational.

Keywords: cloud cost management, real-time cloud analytics, Amazon grid spending, cloud expenditure tracking, financial technology, Dublin startup, Joe Drumgoole, NDRC, cloud budget monitoring, IT cost optimization, cloud financial management, spend analysis, overspending alerts, deadpooled company, tech startup Ireland