Productivity software startup Asana is going public, and its filing shows it committed to spend at least $20 million with Amazon Web Services
- Asana agreed to spend at least $20 million on Amazon Web Services, according to paperwork the company filed to go public in a direct listing.
- The productivity software startup, which is led by Facebook cofounder Dustin Moskovitz, had $5.4 million left in its commitment as of April 30.
- The filing provides a rare window into the amounts companies like Asana spend on cloud services, spending that companies often don't disclose.
- Are you an Amazon Web Services employee or customer? Contact this reporter via encrypted messaging app Signal (+1-425-344-8242) or email ([email protected]).
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Productivity software startup Asana agreed to spend at least $20 million on Amazon Web Services cloud services, the company disclosed when it filed to go public this week.
Asana in December 2018 agreed to a 27-month contract with AWS, committing to spend at least $9 million on cloud services in 2019, and an additional $11 million in 2020. The company had $5.4 million left to spend to fulfill the minimum as of April 30 of this year.
Asana, founded by Facebook cofounder Dustin Moskovitz, disclosed the commitment when it filed paperwork on Monday to go public through a direct listing. Asana's filing provides a rare window into the amounts companies spend on cloud services.
Most companies don't disclose this kind of spending, but publicly traded firms occasionally disclose when they agree to multi-year deals committing to spending a minimum amount with a cloud provider. Signing those deals often yields a discount over the sticker price for cloud services.
Business Insider recently pored over earnings statements and other securities filings to compile a list of current public commitments to cloud providers AWS, Google Cloud Platform (GCP), and Oracle Cloud. Cloud data warehousing startup Snowflake, which also filed paperwork on Monday to go public, committed to spending at least $1.2 billion on cloud infrastructure by 2025.
Palantir, which filed to go public on Tuesday, disclosed it could spend as much as $1.5 billion on Amazon Web Services and Microsoft Azure over the next five or more years.
Got a tip? Contact reporter Ashley Stewart via encrypted messaging app Signal (+1-425-344-8242) or email ([email protected]).
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