ParkMyCloud Raises $1.65M in Funding

parkmycloudParkMyCloud, a Sterling, VA-based automated scheduling and optimization tool for Amazon Web Services (AWS), raised $1.65m in seed funding.

The round was led by Cofounders Capital, with participation from Tom McGowan of ENRGM LLC, Thomas E. Kolassa, Lane Bess of Bess Ventures, and John Chapel of White Hall Capital.

The company intends to use the funds to expand operations and add support for additional cloud service providers, including Microsoft Azure and Google Compute Engine, later this year.

Founded in July of 2015 by Jay Chapel, CEO, ParkMyCloud provides a SaaS-based tool that enables users to automatically schedule on/off times for their idle non-production cloud computing servers, so they pay only for the time they actually use and avoid wasted spending.
Current customers include McDonald’s, Sage Software, Avid and Wolters Kluwer.



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