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Turbonomic (company)

Turbonomic (company)

Turbonomic provides an AI-powered platform for full stack application observability and management to assure performance and cost minimization by optimizing resource use in containers, VMs, servers, storage, networks, and databases.

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Contents

turbonomic.com
Is a
Organization
Organization
Company
Company

Company attributes

Industry
Enterprise software
Enterprise software
‌
Service Mesh
Cloud computing
Cloud computing
Technology
Technology
Software
Software
Location
Boston
Boston
Massachusetts
Massachusetts
B2X
B2B
B2B
CEO
Benjamin Nye
Benjamin Nye
Founder
Shai Benjamin
Shai Benjamin
Yechiam Yemini
Yechiam Yemini
Danilo Florissi
Danilo Florissi
Yuri Rabover
Yuri Rabover
Shmuel Kliger
Shmuel Kliger
AngelList URL
angel.co/turbonomic1
Pitchbook URL
pitchbook.com/profiles.../53000-02
Legal Name
Turbonomic Inc.
Parent Organization
IBM
IBM
Subsidiary
ParkMyCloud
ParkMyCloud
SevOne
SevOne
Number of Employees (Ranges)
10,001+0
Number of Employees
553
Full Address
500 Boylston St, 7th floor Boston, MA 02116
CIK Number
1,794,339
Investors
General Atlantic
General Atlantic
Globespan Capital
Globespan Capital
Bain Capital
Bain Capital
Cisco Systems
Cisco Systems
ICONIQ Capital
ICONIQ Capital
Highland Capital Partners
Highland Capital Partners
Red Hat
Red Hat
Bain Capital Ventures
Bain Capital Ventures
Founded Date
2019
0
Total Funding Amount (USD)
199,500,000
Latest Funding Round Date
January 23, 2017
Competitors
Kaseya
Kaseya
HashiCorp
HashiCorp
Hewlett Packard Enterprise
Hewlett Packard Enterprise
Morpheus Data
Morpheus Data
LogicMonitor
LogicMonitor
Cloudability
Cloudability
ActiveEon
ActiveEon
Jamcracker
Jamcracker
...
Business Model
Subscription (with freemium option)
CTO
‌
Yash Shah
CFO
‌
Dicken Chaplin
Key People
‌
Meg Langan
Jack Sweeney
Jack Sweeney
Acquisition Transaction
Acquisition of Turbonomic by IBM
Acquisition of Turbonomic by IBM
Also Known As
VMTurbo
Latest Funding Type
Series E
Series E
Patents Assigned (Count)
23
Wellfound ID
turbonomic1

Other attributes

Announcement URL
turbonomic.com/company...ewsroom/
Blog
blog.turbonomic.com
Company Operating Status
Active
Medium URL
medium.com/ibm-cloud...turbonomic
Overview

Turbonomic provides an Application Resource Management (ARM) and Network Performance Management (NPM) platform. It connects business-critical applications to the underlying supply chain of resources to monitor and manage resource relationships and risks to performance throughout all layers of the network, including applications, containers, cloud, on-premises software, and more.

The platform adopts an application-aware approach that leverages insights into applications’ fluctuating demand and configuration to dynamically match demand to the required resources. Turbonomic promises anywhere from 15-65% savings per action, by deleting waste, scaling storage and computation, suspending workloads, and leveraging cloud discount models. It features:

  • Insight into the complete application stack, software and hardware, enabling users to see how the top business applications and top business transactions are performing in the context of the application stack.
  • Insight into how every entity consumes resources, allowing the user to navigate to the applications seeing the most significant increases in demand and to locate performance risks.
  • APM, Kubernetes, cloud, hybrid, and multicloud support.

An overview of the Turbonomic platform

Overprovisioning and always-on resources contribute to wasted cloud spend that is expected to exceed $26.6 billion in 2021. This is caused by a lack of visibility, increasingly complex multi-cloud environments, and inaction on the part of business units in regards to addressing the potential for cost reduction.

Turbonomic uses multiple metrics and cloud constraints in its analysis. It generates prescriptive actions based on real-time metrics and IT policies that can improve application performance and reduce the workload of application teams. These actions are fully automatable and can be integrated with ITSM (IT service management) or approval workflows.

History of the company

Shmuel Kliger co-founded Turbonomic with Danilo Florissi, Yechiam Yemini, Shai Benjamin, and Yuri Rabover. Shmuel Kliger was president of the company for its first twelve years, heading product development, strategy, and management. Before founding Turbonomic, Shmuel served as Vice President of Architecture and Applied Research at EMC's CTO Office (now part of Dell Technologies). Prior to that, he was the CTO of the Resource Management Software Group at EMC, which he joined through EMC's acquisition of Smarts where he was a co-founder and CTO.

Turbonomic was launched in 2009 and is headquartered in Boston, Massachusetts. Its subsidiaries include SevOne and ParkMyCloud. Together with its strategic partners, including Cisco, IBM, Microsoft, and AWS, Turbonomic serves more than 3,300 customers, including 36% of Fortune 500 companies. Turbonomic was formerly known as VMTurbo, before being renamed in 2016.

Features of the Turbonomic platform
Percentile-based scaling

Turbonomic’s research found that more than 60% of all VMs (virtual machines) are oversized. The company’s resizing solution, which adjusts the size of the VM to match particular resourcing needs, can result in a cost reduction of 30-40%. In contrast to other scaling solutions that estimate data size in accordance with performance peaks or averages, which may result in mismatched capacity, overspending, or performance failures, Turbonomic uses percentile-based scaling to achieve cloud elasticity and provide greater accuracy and stability.

Cloud volumes optimization

Turbonomic cloud volumes optimization involves mostly non-disruptive actions that increase volume sizes to improve performance (IOPS and throughput) and modify the provisioned capacity of advanced volume types (Azure Ultra, EBS IO1, IO2, and GP3).

PaaS optimization

Turbonomic provides full visibility of PaaS services and optimizes database PaaS services (Azure SQL and Amazon RDS) as well as container-based PaaS services (AKS, EKS, and GKE). Optimization actions include database scaling, containers scaling, and continuous pods placement. These actions result in near-zero downtime impact. Customers that employ optimization on PaaS resources yield up to 66% additional savings on top of savings gained from Infrastructure-as-a-Service (IaaS).

Turbonomic provides specific and automatable RI-aware compute scaling actions to increase existing RI (reserved instance) inventory utilization. Turbonomic RI purchasing actions, which are based on observed utilization, maximize reservation-to-VM coverage to minimize costs. Turbonomic automatically ingests and displays negotiated discount rates as part of an AWS EDP or Microsoft Azure Enterprise Agreement.

Scheduled resource suspension

Since non-production cloud resources (such as those needed for development, testing, staging, and QA) are typically only needed during the workday, they should be deactivated outside of operating hours. Non-optimized systems keep these resources active with on average 65% more uptime than necessary, significantly contributing to the overprovisioning problem.

Turbonomic’s ParkMyCloud platform uses resource utilization history to automatically recommend on/off schedules for resources to optimize costs. ParkMyCloud manages compute, scaling groups, databases, and storage on all major public clouds, as well as nodes within AKS, EKS, and GKE clusters.

Cloud migration planning

Turbonomic’s cloud migration planning and modeling engine aids users in the optimization of cloud migration by using application-aware historical utilization data to select the best VM/instance type for every resource and RI recommendation for steady-state workloads.

Minimization of mean time to resolution (MTTR)

The insight into the application and infrastructure stack provided by the platform can be used to determine whether issues are caused by application code or application resource contention. The automatization of actions can completely prevent resource contention.

Kubernetes management

While Kubernetes provides a platform to manage and orchestrate containerized environments, unlike the Turbonomic platform it does not make application resource decisions. Additionally, Turbonomic offers the following features:

  • The software sets service level objectives (SLOs) and automatically ensure they are continuously met.
  • The platform can be set to full automation and execute actions in real time, or the user can execute them as part of the existing processes, e.g. CI/CD (continuous integration/continuous delivery).
  • It visualizes and informs how services correlate to the platform and the underlying infrastructure and its analytics continuously make optimal resource decisions. For instance, it will not determine that scaling out pods is necessary without ensuring that there is enough capacity in the nodes to handle the workload.
  • The platform scales container limits/requests up or down based on application demand, freeing developers to focus on application features and functionality.
  • Turbonomic reschedules pods while maintaining service availability to avoid resource fragmentation and/or contention on the node, which increases density while ensuring that pods can always be deployed.
  • The software models prospective scenarios based on the real-time environment by determining how much surplus space there is in the clusters or simulating adding or removing demand (Kubernetes pods), enabling planning the onboarding of new services.
IBM acquisition

IBM acquired Turbonomic on April 28th, 2021. IBM plans to leverage Turbonomic’s Application Resource Management (ARM) and Network Performance Management (NPM) capabilities. Following the acquisition, IBM is the only company that can provide customers with AI-powered automation capabilities that span from AIOps (the use of AI to automate IT Operations) to application and infrastructure observability. Red Hat OpenShift, on which the system is built, will allow it to operate in any hybrid cloud environment.

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Funding Rounds

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Patents

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