What is Pump?
Pump is an AI-powered cloud savings tool that automatically optimizes Amazon Web Services (AWS) bills without any input from engineers. The tool aims to help businesses save up to 60% on their AWS bills by providing group discounts and using algorithmic arbitrage to match AWS consumption with commitments in real-time. With minimal IAM permissions and operations solely at the billing layer level, Pump claims to ensure maximum security with zero impact on the user's infrastructure. Businesses can get started with Pump for free, with no obligation to commit unless they are satisfied with the cost savings that Pump provides. Pump requires users to commit to working together for a year to balance risks, and monetizes through a small percentage from the volume discounts of the collective spend achieved. Pump supports many AWS services including EC2, Sagemaker, RedShift, ECS, Lambda, EBS, ElasticCache, OpenSearch, and plans to add support for RDS, EC2 Data Transfer, and S3 soon. Pump offers free estimate savings, zero financial risk, and zero engineering effort. Contacting their support team can help answer other questions that may not be listed in the FAQ section on their website. While currently focused only on AWS, Pump plans to add support for GCP and Azure in the future as well.
Pros
- Operates at billing layer only
- Minimal IAM permissions
- Zero impact on user's infrastructure
- Free trials available
- Pledges up to 60% savings
- Dedicated account manager
- Arbitrage algorithm for best savings
- Supports multiple AWS services
- Plans for RDS
- EC2
- S3 support
- Real-time AWS consumption monitoring
- Allocates unused resources efficiently
- Group buying for volume discounts
- Fast onboarding process
- Non-obligatory savings estimate
- Plans to support GCP
- Azure
- Zero-financial-risk policy
- Consolidated billing option
- No server downtime risk
- 24x7 support via Slack
- Automated RI management
- Support for collective spend
- Future roadmap clear and shared
- Easy way to join AWS collective
Cons
- Only supports AWS
- No GCP and Azure support
- Mandatory one-year commitment
- Limited range of AWS services
- Only on the billing layer
- Monetizes only through volume discounts
- Pricing information not clear
- Limited dedicated support
- Doesn't support all billing scenarios
- Optimization strategy not explicit
Pump FAQ
What is Pump?
Pump is an AI-powered cloud savings tool that automatically optimizes Amazon Web Services (AWS) bills without any needed input from engineers. It aims to help businesses save up to 60% on their AWS bills by providing group discounts and algorithmic arbitrage to match AWS consumption with commitments in real-time.
How does Pump help me save on my AWS bill?
Pump saves users on their AWS bill by providing group discounts and using algorithmic arbitrage to align AWS consumption with commitments in real time. This prevents overspending on the default on-demand option. Pump requires minimal IAM permissions and affects only the billing layer, maintaining maximum security with zero impact on the infrastructure.
What AWS services does Pump support?
Pump supports numerous AWS services including EC2, Sagemaker, RedShift, ECS, Lambda, EBS, ElasticCache, and OpenSearch.
How does Pump ensure maximum security?
Pump ensures maximum security by operating solely on the billing layer level with minimal IAM permissions. This tenet is sufficient for Pump to claim discounts on the user's behalf without acquiring unnecessary access to any other sensitive parts of the infrastructure.
Does using Pump have any impact on my infrastructure?
There is no impact on the user infrastructure when using Pump. It operates only on the billing layer level, with no ability to alter the user environment.
What commitment is expected from Pump users?
Pump users are expected to commit to working together for a period of one year in order to balance risks.
How does Pump monetize its service?
Pump monetizes its service by taking a small percentage from the volume discounts of the collective spend achieved.
Can Pump provide services outside AWS?
Currently, Pump provides services exclusively for AWS. However, support for GCP and Azure is part of the roadmap for Q2 2023.
