Source:https:\/\/techcrunch.com\/2023\/07\/01\/finops-parametric-insurance-rise\/<\/a><\/br>
\nWhat do FinOps and parametric insurance have in common?<\/br>
\n2023-07-02 21:39:45<\/br><\/p>\n

\n

\n\t\t\t\n\t\t<\/div>\n<\/p><\/div>\n

\n

W<\/em>
elcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It\u2019s inspired by the daily TechCrunch+ column<\/a> where it gets its name. Want it in your inbox every Saturday? Sign up here<\/a>.<\/em><\/p>\n

The rise of FinOps<\/span> already fueled multiple acquisitions, including IBM\u2019s plan to acquire Apptio for a whopping $4.6 billion, but I bet there\u2019s more to come. And there\u2019s another trend I\u2019m sure we\u2019re not done hearing about: parametric insurance. \u2014 Anna<\/i><\/a><\/p>\n

The ongoing rise of FinOps<\/h2>\n

When cloud optimization startup ProsperOps raised a $72 million funding round<\/a> last February, my colleague Kyle Wiggers argued that consolidation in this space wasn\u2019t necessarily over.<\/p>\n

Sure, several cloud optimization companies had been nabbed by incumbents over the years, from Cloudyn\u2019s acquisition by Microsoft in 2017 to CloudHealth Technologies\u2019 purchase<\/a> by VMware in 2018. But more could still follow, Kyle argued, citing Intel\u2019s 2022 $650 million purchase of Granulate<\/a> as evidence.<\/p>\n

He was right: In a busy week for M&A news<\/a>, IBM announced its intent to buy Apptio from its current private equity owner for $4.6 billion in cash. In 2019, Apptio itself had acquired Cloudability<\/a>, a cloud spending management vendor. Reporting on IBM\u2019s announcement, Ingrid Lunden noted<\/a> that Apptio\u2019s activities fall into a broader category.<\/p>\n<\/p><\/div>\n

<\/br><\/br><\/br><\/p>\n

Science, Tech, Technology<\/br>
\n<\/br>
\nSource:https:\/\/techcrunch.com\/2023\/07\/01\/finops-parametric-insurance-rise\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/07\/01\/finops-parametric-insurance-rise\/ What do FinOps and parametric insurance have in common? 2023-07-02 21:39:45 Welcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It\u2019s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. The rise of FinOps already fueled multiple acquisitions, including IBM\u2019s plan to […]<\/p>\n","protected":false},"author":1,"featured_media":36397,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-36396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\n