5 Cloud Management Software Success Stories [2024]
In a world rapidly moving towards digital transformation, cloud management software stands as a pillar of modern business operations. This business idea revolves around developing software that helps companies manage their cloud resources efficiently, overseeing everything from data storage to security compliance.
Creating cloud management software involves designing user-friendly interfaces and robust backend systems that allow businesses to monitor and optimize their cloud infrastructure. You'll be diving into a highly technical yet rewarding field, meeting a critical need as more organizations migrate their operations to the cloud.
The potential market for cloud management tools is immense, covering industries from healthcare to finance. By starting this venture, you'd be stepping into a growth industry with high demand. If you're motivated by the prospect of solving complex problems and have a knack for software development, cloud management software could be the rewarding business idea you're seeking.
In this list, you'll find real-world cloud management software success stories and very profitable examples of starting a cloud management software that makes money.
1. Third Wave Analytics ($3.96M/year)
Savitra Sharma, the founder of Third Wave Analytics, came up with the idea for her business after witnessing the inefficiencies of technology in laboratories during her previous consulting roles. Realizing the need for a more optimal system, she reached out to Salesforce and proposed a collaboration to bring a new kind of software into the laboratory. With just $200 in capital, Sharma started Third Wave Analytics and built the world's first cloud-based laboratory information management system (LIMS) called Lockbox LIMS, which is now used internationally by organizations in various industries.
How much money it makes: $3.96M/year
How much did it cost to start: $200
How many people on the team: 7
Third Wave Analytics developed the world's first cloud-based and customizable LIMS platform on Salesforce, generating $330k monthly revenue from clients such as Ohio State University and Boston University School of Medicine while partnering with the University of California-Berkeley for a COVID-19 study; founder Savitra Sharma advises aspiring entrepreneurs to focus on clear objectives to meet their goals.
2. ggCircuit ($3.6M/year)
Zack Johnson, the founder of ggCircuit, came up with the idea for his business while running his own esports arena, eBash Gaming Center. He realized that the management software used by his competitors was outdated and lacked customer engagement. Seeing an opportunity, Zack and his team decided to develop their own cloud-based software, ggLeap, which revolutionized the industry. With a strong focus on customer service and marketing efforts such as YouTube shows, ggCircuit has attracted over 700 locations worldwide and generated $4 million in revenue in the past year, with plans to double that in the next 12 months.
How much money it makes: $3.6M/year
How much did it cost to start: $50K
How many people on the team: 25
Esports management software company ggCircuit has doubled its revenue every year since inception and amassed $4 million in revenue in the past year alone, while offering services to over 700 customers globally and projecting double that in revenue over the next 12 months.
3. FoodDocs ($480K/year)
Katrin, the co-founder of FoodDocs, was inspired to start her business after working as a food safety consultant and witnessing the challenges that food businesses faced in ensuring compliance with food safety regulations. She recognized the need for a solution to make food safety rules easy to understand and follow. With the goal of saving food business owners time and money, FoodDocs developed a machine-learning-based software that solves compliance issues 500 times faster and has achieved impressive monthly revenue growth of 15% and approximately 1000+ new users each month.
How much money it makes: $480K/year
How much did it cost to start: $500K
How many people on the team: 20
FoodDocs, a machine learning-based software for food safety compliance, saves food businesses at least 20% of time and has grown to over 1000 new users monthly in Northern America with a monthly revenue of $40K and 15% monthly growth.
4. OpsLyft ($420K/year)
Aayush, the Founder & CEO of OpsLyft, came up with the idea for his business while working as an Infrastructure and DevOps engineer at a startup. He saw the immense costs incurred by the company on cloud services and the struggle to account for those costs. He built a solution that saved the company close to a million dollars and realized that this problem was industry-wide, leading him to start OpsLyft.
How much money it makes: $420K/year
How many people on the team: 25
OpsLyft is a two-year-old high-growth startup built out of India and managing over $100 million of cloud investments each year, offering help to enterprise software companies globally to manage their cloud infrastructure costs without compromising the performance and reliability of applications running on it.
5. Bunnyshell ($300K/year)
Alin Dobra, the CEO and Co-founder of Bunnyshell, came up with the idea for his business while working as a CTO for an outsourcing development company. Facing technical challenges with servers and high costs, Alin realized there was a need for an automated cloud management solution. He and his co-founder launched Bunnyshell in 2018, and they have since secured €750K in investment, built a team of 15 people, and generated a revenue of $12k/month.
How much money it makes: $300K/year
How many people on the team: 15
Bunnyshell CEO and co-founder Alin Dobra discusses how he created the managed cloud automation SaaS solution from scratch, securing €750,000 in investment in under 18 months, and generating $12k/month in revenue from providing services to corporate clients worldwide.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
