Amazon pays $20M-$50M for ClusterK, the startup that can run apps on AWS at 10% of the regular price | VentureBeat | Cloud | by Jordan Novet

Spot on

"ClusterK devised a clever way to rely on Spot Instances — which let you name your price for slices of servers in Amazon Web Services (AWS) — to run applications for 1/10 of the cost of using Amazon’s far more popular on-demand instances.

Note that ClusterK isn’t a competitor to Amazon. It’s just helping customers use a cheaper AWS product in place of a more expensive one.

Amazon made the acquisition yesterday, paying $20-50 million, Marc Parrish, an investor in the startup, told VentureBeat in an interview."

Amazon pays $20M-$50M for ClusterK, the startup that can run apps on AWS at 10% of the regular price | VentureBeat | Cloud | by Jordan Novet