Cloud management platform for service providers
Apiculus monetized primarily through usage-based fees linked to the capacity utilized in their customers' cloud services. They also generated revenue from recurring subscriptions and services including consulting engagements.
“We were north of, I would say, one and a half million dollars of revenue.”
“the moment COVID hit, cloud adoption went through the roof. Everybody wanted to shut down their small servers in their offices and move everything to some cloud provider. So all my customers sort of grew massively during that phase. And since our billing was linked to the capacity being utilized ...”
“It started with a consulting engagement, then moved on to a complete services and software engagement.”