IBM buys Kubernetes cost control startup Kubecost to expand its FinOps suite [Video]

IBM Corp. said today it’s expanding its cloud financial operations capabilities after announcing its plan to acquire Kubecost, a startup focused on Kubernetes environment cost management.

The company didn’t disclose what price it’s paying to buy Kubecost, officially known as Stackwatch Inc., but it’s the latest in a string of acquisitions involving related companies.

Founded in 2019, San Francisco-based Kubecost is the creator of a cloud-based service that helps organizations to monitor and optimize Kubernetes clusters that host the components of modern applications. It’s designed to ensure those clusters are making the most efficient use of their computing resources to enable better cost management.

Kubecost’s flagship product is called Kubecost Cloud, which is based on the open-source OpenCost project. It provides developers and engineering teams with actionable and accurate cost-related datafor Kubernetes installations, plus various other tools that can help to reduce the expense of running that software. It can be deployed inside any Kubernetes cluster, where it tries …