All businesses need a certain level of computing power to run their operations. Some, especially tech companies and startups, need a lot. The cost of this power is coming down, but it’s still expensive, especially for a young company. There is a trick, though. Cloud computing is seldom used to its fullest, and this excess can be moved around. Spotinst, LTD, is a company that lets business make use of this spare computing power.

To get a better idea of what Spotinst does, Jeff Frick, cohost of theCUBE, from the SiliconANGLE Media team, talked with Amiram Shachar, founder and CEO of Spotinst, at the RSA Conference 2016 event in San Francisco.

Finding a market

There is a marketplace for excess compute resources, Shachar said, opening the conversation. These resources are useful not just for batch processing, but also for online, mission-critical performance.

He then explained where Spotinst fits in. Everything is a matter of how hybrid you are, he said. A company needs to buy its own resources but can also use the excess capacity of the cloud. This gives a business high-scale resources at a low cost.

Boosting security

Shachar pointed out a number of use-cases for these resources. One of these is security; the extra power can help protect a business from DDOS attacks and give it more power to sort through traffic from third parties.

Customers, he said, included financial and security firms, but also any other business that needs more computing power. Spotinst allows a company to scale, at low cost, to match their needs. Just as Spotinst helps with security, it takes its own security seriously. The most important thing, Shachar said, is protecting customer data.

Watch the full video interview below:

Photo by SiliconANGLE