Octopus Cloud is a new hosted and managed version of the Octopus Deploy software, launched after extensive development to ensure it offers the same features as the self-hosted version. It provides a hassle-free experience by managing infrastructure, backups, performance monitoring, and upgrades, allowing users to focus on software delivery without managing virtual machines. The pricing model is designed to be accessible, with a Starter Edition for small teams at $10/month and a Standard Edition at $20/user per month, with Enterprise options coming later in 2018. Octopus Cloud offers secure data handling with backups and encryption, along with robust support included in the price. Users can start using Octopus Cloud immediately with a trial, ensuring they can experience cloud deployments without delay.