OpenMetal Acquires Economize, Launches Labs For Cloud Cost Management

OpenMetal has acquired Economize, a cloud cost management platform for engineering, finance and FinOps teams, and launched OpenMetal Labs for custom infrastructure and cost solutions. 

The deal brings Economize’s tools for cloud cost visibility, anomaly detection and optimisation together with OpenMetal’s infrastructure, giving customers access to both offerings through a single relationship. The combined services are designed to help businesses understand their cloud spending, determine where workloads should run and optimise costs across public and private infrastructure, including AI and GPU workloads.

“Companies running infrastructure-heavy businesses have needed a FinOps tool and an infrastructure vendor that understands their cost structure, and rarely got both from the same place,” said Todd Robinson, Co-Founder and President of OpenMetal.

“Bringing Economize and OpenMetal together closes that gap because it's a full suite from one directly accountable provider,” he added.

Economize has focused on helping engineering, finance and FinOps teams understand and manage public cloud spending, while OpenMetal provides hosted private cloud, bare-metal servers and GPU infrastructure. The combined offering will allow customers to move workloads to private infrastructure where appropriate, while businesses using a mix of public and private infrastructure can monitor and optimise both environments.

“We started Economize with a mission to give teams transparency into their public cloud spend. Together with OpenMetal, we can now help companies act on those insights, building the right mix of public and private cloud for their workloads and balancing cost and performance as they scale,” said Anirudh Murali, Co-Founder and CEO of Economize.

The companies are also targeting businesses managing AI and GPU infrastructure spending. OpenMetal provides GPU servers and clusters alongside its private cloud and bare-metal offerings, while Economize provides cost visibility and optimisation capabilities across cloud and AI infrastructure.

OpenMetal Labs will focus on infrastructure and cost-management challenges that standard products do not address. The company said Labs will combine expertise from both organisations, including OpenMetal’s work with OpenStack and Ceph engineering and Economize’s capabilities in cloud cost monitoring, anomaly detection, reporting and alerts.

The new offering joins Hosted Private Cloud, Bare Metal Dedicated Servers, GPU Servers and Clusters, and Ceph Storage Clusters as OpenMetal’s fifth offering and is available now.