Archera offers a platform providing flexible-term, insurance-backed commitments for cloud services, aiming to optimize cost management for enterprises using AWS, Microsoft Azure, and Google Cloud. The platform facilitates cloud commitment management, cost forecasting, planning, and automated assessments to maximize savings and streamline pricing negotiations. Archera also enables advanced reporting to understand multicloud unit costs and automates the management of savings plans and reserved instances. The company's approach addresses a disconnect in cloud resource optimization by enhancing backward-looking price visibility, ultimately aiding organizations in making cost-effective cloud commitments. Archera's CEO, Aran Khanna, identified these challenges during his tenure at AWS and Azure, leading to the development of solutions that include proactive planning and a secondary marketplace to reduce risk and accelerate cloud innovation.