Pump.co: “Fastest way to save 60% on AWS!” Forbes called the Pump startup “Costco for Computer” last year. The innovative combination of group buying and AI, is transforming the AWS cost savings in the landscape for startups and small business owners. The unique group billing approach further amplifies savings, making Pump.co a game-changer in the realm of cloud financial operations. If you are the SMB business owner, pump.co is the best way how to reduce AWS cost drastically.
Here’s a comprehensive review of Pump.co, exploring its features, benefits, pricing, and how it stands out in the competitive market.
What is Pump.co?
This platform, founded by Spandana Nakkaan (founder of Sleek) in 2022, harnesses the power of collective purchasing and advanced AI technology to provide discounts previously accessible only to larger enterprises.
Pump.co is a revolutionary platform designed to help startups, small and middle businesses save up to 60% on their AWS bills without incurring any costs or disrupting their workflow. Leveraging cutting-edge AI technology, Pump analyzes usage patterns to identify optimization opportunities, ensuring users benefit from commitment-based discounts such as Reserved Instances and Savings Plans for AWS Cost Savings.
>>Read the related post AWS Reserved Instances vs. AWS Savings Plans<<
Pump.co market positioning
Leveraging insights from 1,760 Cloud Cost Management software reviews contributed by G2 users affiliated with small-sized companies the Pump.co is best rated. The potential to gain better market presence is pretty high.
The analysis covers 123 distinct Cloud Cost Management products, taking into account the essential features, pricing structures, and support options that resonate with small businesses.
Which Cloud Cost Management software products do small companies rate the highest on G2?
- Pump – 4.9-stars according to 27 professionals at small businesses.
- nOps – 4.8-stars according to 118 professionals at small businesses.
- Zesty – 4.8-stars according to 70 professionals at small businesses.
- Economize – 4.8-stars according to 36 professionals at small businesses.
- CAST AI – 4.8-stars according to 34 professionals at small businesses.
Pump’s Pricing Model for AWS Cost Savings
Pump.co stands out with its unique pricing model – it’s entirely free. Unlike competitors that charge businesses directly, Pump focuses on collective savings and profits indirectly by capturing a small percentage from the volume tier discount of the collective group buying spend. This ensures all companies get maximum value from their cloud services, and Pump’s success is directly tied to the savings it generates for other companies.
How does Pump’s group buying work?
Prominent enterprises secure exclusive deals and discounts with cloud providers that are beyond the reach of startups. However, through consolidated billing, Pump bridge this gap! In addition to the negotiated volume-based discounts, Pump’s AI consistently strategizes, procures, and optimizes the most advantageous AWS commitments on your behalf. As your environments undergo expansions, contractions, or experience inevitable spikes, Pump dynamically adjusts to these changes.
Here is a list of AWS services that is Pump’s arbitraging for their customers:
| AWS Services | Before ($/mo.) | After ($/mo.) |
|---|---|---|
| EC2 (Linux/Unix) | $100 | $41 |
| RDS | $100 | $58 |
| ECS | $100 | $51 |
| ElasticCache | $100 | $52 |
| Lambda | $100 | $51 |
| OpenSearch | $100 | $52 |
| Sagemaker | $100 | $42 |
| EBS | $100 | $51 |
| RedShift | $100 | $44 |
| EC2 Data Transfer* | $100 | $44 |
| MediaLive* | $100 | $41 |
| S3* | $100 | $91 |
*Discounts for S3, MediaLive & EC2 transfer are based on the collective spend, subject to vary. (Source: pump.co)
In general the cost reduction could mean for some organisations more than 50%.
Who Should Use Pump.co to increase AWS Cost Savings?
Depends your organisational size and cloud need, here are the top 5 benefits of using pump.co:
1. Startups and SMEs
Pump.co is tailored for SMB. Smaller businesses lacking in-house expertise can capitalize on Pump’s free model to optimize their AWS bills without extra budget allocation. Startups want to save money to allocate the extra budget where it is needed.
2. Large Enterprises
Businesses with significant AWS usage can benefit from Pump’s advanced AI-driven cost optimization, ensuring the best prices for their usage patterns.
3. Dynamic AWS Needs
Companies with fluctuating workloads and diverse requirements throughout the year find flexibility in Pump’s approach with Reserved Instances and Savings Plans.
4. Organizations without Dedicated FinOps Teams
Companies without dedicated financial operations teams can use Pump as their external FinOps team to stay on top of cost-saving opportunities.
5. Businesses Seeking Group Benefits
Any organization looking to leverage group billing, access economies of scale, and secure discounts usually reserved for high-volume companies can benefit from Pump.
Key Features of Pump.co
- Autopilot Reserved Instances: Detailed data points on each reserved instance, including subscription ID, type, term, and discounted rate.
- Autopilot Savings Plans: Information on committed amount, end date, and term length of savings plans.
- Group Discount & Unlimited AWS Accounts: Easy management of multiple projects under a single Pump account, suitable for startups and large enterprises alike.
- Unlimited Users: Regardless of company size, anyone needing an account can set one up.
- 24×7 Slack Support
- Demo option
- PumpGPT: Provides AWS Answers at Your Fingertips directly in the tool.
- Monthly Billing Reviews
- 60-Day Cancel Policy
- Money-Back Guarantee: Pump provides comprehensive support and assurance for its users. If there is an excess commitment due to unused savings plans or reserved instances procured by Pump on your behalf within any 30-day period, you qualify for the entire sum as AWS credits for the subsequent month. These credits are limited to your total AWS bill for that month, a contrast to other companies in the market that simply waive their fees for the month, irrespective of the terminology they use. Pump not only refrains from charging you for the identified cost savings but also believes it’s equitable that their customers aren’t accountable for overcommitment resulting from Pump’s oversight.
Pump’s onboarding in three simple steps
Estimate Costs
Eager to begin the journey with Pump? You can effortlessly automate your savings without the need for engineering involvement or financial risks. Our AI takes charge, handling the planning, purchasing, and selling of AWS commitments on your behalf, adjusting to your AWS usage in real-time. To initiate the process, we simply request you to link your AWS account to Pump.
Authorise Pump
After exploring the initial estimated savings offered by Pump, granting authorization to Pump enables the platform to engage in buying and selling reserved instances and savings plans on your behalf.
Through group buying, Pump maximizes efficiencies by reallocating unused resources among customers and securing valuable group discounts.
Know your business
After authorizing Pump, it conducts a brief Know Your Business (KYB) process, as Pump assumes responsibility for your AWS billing. As part of Pumps group-buying initiative, your monthly invoice will originate from Pump, featuring additional savings. Pump consolidates all payments and remit them to AWS through a single invoice. Pumps goal is to maintain our service as a free offering for customers, and it derives a small percentage from AWS based on the collective spend across all our customers via group buying.
Cons & Pros for using Pump.co
Pros
- Completely Free: Users benefit from Pump’s advanced AI optimization and major cost savings without incurring any charges.
- Group Billing Advantage: The collective purchasing power of group billing enhances savings.
- Backed by Reputable Institutions: Pump is supported by well-known institutions, providing confidence in its reliability.
- Support for Multiple AWS Services: Pump covers a wide range of AWS services, offering a comprehensive solution.
- New cloud solutions added this year: Other cloud solutions like Google Cloud Platform, DigitalOcean, Heroku, Snowflake or Microsoft Azure are planned to be added.
Cons
- Dependence on AWS: Pump relies on AWS services, potentially leading to dependency issues for now. However Azure and GCP is on its way in the Q1 2024
- Potential Complexity Issues: Users may face complexities, especially in dynamic AWS environments. That challenge will probably occur by larger organisations rather than by SMBs.
- Young Startup: Pump has not so long market history even with more than 200 startups onboard. The more clients they will acquire, the more stable this cost cutting tool can get.
Popular Alternatives to Pump.co of AWS Cost Savings
- Zesty.co: Users note differences in user experience, praising Pump for its user-friendly interface. Zesty primarily focuses on EC2 savings, while Pump offers savings for multiple services.
- Prosperops.com: Described as a “plug-and-forget model,” Prosperops is considered simple to set up. Pricing details are unclear, but users appreciate the product and its services.
- Usage.ai: Known for simplicity, Usage.ai works with specific services like EC2, RDS, Redshift, OpenSearch, and ElasticCache. Pump covers a broader range of 12 AWS services and is entirely free.
User Feedback on Pump.co
User feedback highlights Pump’s efficacy in managing costs without sacrificing performance. The potential for 60% savings, simplicity in onboarding, and intuitive communication are praised. Users appreciate Pump‘s group buying volume discounts, expressing eagerness to witness actual savings on their AWS costs. Some even suggest Pump could charge for its excellent offerings.
Final Remarks on Pump.co
As cloud computing expenses soar, Pump.co emerges as an indispensable tool for businesses of all sizes using AWS. Its unique approach to optimization, coupled with collective savings through group billing and commitment-based discounts, positions Pump as a valuable asset for cost-conscious companies. With a minimum AWS spend of $1,000/month, Pump caters to a wide range of businesses seeking substantial savings without compromising on performance.
Final Frequently Asked Questions
1. How Does Group Buying Work?
Pump’s group buying consolidates billing, unlocking volume discounts for small to medium-sized companies. The AI makes smart buying decisions on AWS commitments, adapting dynamically to changing needs.
2. What Does Pump Need Access To?
Pump only requires access to your billing, using roles and permissions to optimize costs and tap into AWS APIs for savings.
3. What Are The Risks?
There are no risks associated with Pump. It doesn’t interfere with actual infrastructure, ensuring no changes or disruptions.
4. Is there a risk to your existing AWS environment with Pump?
Rest assured, Pump has ZERO capability to alter your environment. Pump’s approach is completely hands-off to your infrastructure, eliminating any possibility of server downtime or disruptions to your developer workflows!
5. What permissions are customers handing off?
Pump’s permissions are limited to the billing layer exclusively. We request you to join our AWS organization and utilize only IAM roles and permissions for executing all necessary cost optimizations, leveraging AWS APIs to facilitate these savings.
6. I possess complimentary AWS credits. Can Pump provide assistance?
It depends on the case; although we can’t assist most companies with free credits, we can help those with specific types of free AWS credits.
