Subj : AWS is making it easier for start-ups to use its cloud services
To   : All
From : TechnologyDaily
Date : Mon Jul 01 2024 13:15:05

AWS is making it easier for start-ups to use its cloud services

Date:
Mon, 01 Jul 2024 12:05:17 +0000

Description:
Amazon Web Services has doubled the amount of cloud credits certain startups 
can get to help them even more.

FULL STORY
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Amazon Web Sevices (AWS) is increasing the value of cloud credits available 
to eligible startups. 

Effective from today (July 1), startups that have secured a Series A funding 
round within the past 12 months can access $200,000 AWS credits double the 
$100,000 previously available. 

The extra availability of credits that can be used for Amazons cloud 
computing resources forms part of the AWS Activate program, which is designed 
to foster innovation among early-stage companies that dont have the financial 
resources to scale sufficiently. AWS doubles startup cloud computing credits 

According to CNBC , the announcement was communicated to venture investors 
via email this week. Recently appointed AWS CEO Matt Garman emphasized during 
a recent meeting with Silicon Valley founders that partnering with startups 
remains a core focus for the business. 

Speaking about Amazon Web Services ideal customers, Garman confirmed that 
those utilizing artificial intelligence, particularly those with an aim of 
solving core global issues, remain a priority. 

AWS also upped its credit expiry, from one year to three years, enabling 
startups to scale their businesses with more flexibility. 

An AWS spokesperson confirmed that 280,000 startups run on its 
infrastructure, including 96% of unicorns in AI and ML. 

However, while the extra computing power is welcome news to many startups, 
many have criticized Amazon for using the scheme to build on its 
monopolization by enticing companies to use its services. Amazons cloud 
business accounts for around one-third of the entire cloud market, which 
equals the combined market share of both Microsoft and Google. 

AWS isnt alone, though. Microsoft also offers substantial incentives, 
including up to $350,000 in Azure credits for startups in programs like Y 
Combinator. More from TechRadar Pro Weve rounded up a list of all the best 
cloud hosting providers Check out the best cloud storage and best cloud 
backup tools AWS is investing millions backing generative AI startups



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Link to news story:
https://www.techradar.com/pro/aws-is-making-it-easier-for-start-ups-to-use-its
-cloud-services


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