Our Spring Pre-accelerator program 2023 was full of skilled founders with innovative start-up ideas. We introduce Cloud Cost Compression, which has decided to bring control over expenditure to companies with a significant spent on data management in the cloud, and LTTR/FACE, focusing on tailoring fonts to brand design, artwork style or emotions.
Cloud Cost Compression revolutionizes cloud cost optimization
In the world of cloud computing, companies often struggle with spiraling costs and inefficient resource utilization. However, a promising start-up Cloud Cost Compression has emerged with a groundbreaking solution that aims to optimize cloud spending and bring substantial cost savings to businesses.
Flexibility, sustainability and seamless integration
Cloud Cost Compression has positioned themselves as a radical technology innovation that minimizes disruption to customer environments while maximizing financial and sustainability benefits. Their unique approach focuses on compressing data processing workloads in the cloud, resulting in a 10x increase in efficiency and a significant reduction in operational costs.
The seamless integration of Cloud Cost Compression into the customer's software development lifecycle processes empowers businesses to experience these benefits:
- regaining more freedom and flexibility in their cloud operations,
- contribution to a more sustainable future by minimizing businesses´ carbon footprint,
- seamless integration with major cloud ecosystems (such as AWS, Google Cloud, and Azure) as the solution is platform-independent,
- cost savings that allows businesses to reinvest their funds more efficiently into innovation and accelerate their growth and competitiveness,
- delivery of tangible financial benefits with an estimated 350% return on investment (ROI).
Visionary founders with 15+ years of experience
Cloud Cost Compression has a strong and experienced team, covering all aspects of sales, technology, consulting, and management.
Petr Horcicka, CEO, has over 20 years of experience in the ICT industry, including 15 years of hands-on experience with complex business intelligence and data warehousing solutions.
Jan Stepnicka, the CTO and chief architect of Cloud Cost Compression with more than 15 years of experience in data management, has worked with various enterprise customers in the telecommunications and financial services industries.
The third member of the team is Stepan Korec, a dynamic and entrepreneurial business leader, who plays a pivotal role in driving growth for consulting and SaaS businesses within Cloud Cost Compression. With over 15 years of experience in senior appointments, Stepan has built organizations across multiple EMEA and APJ markets.
Total addressable market of 58 billion dollars
Cloud Cost Compression has already garnered attention from prospective customers and partners, generating positive feedback during their validation phase. As they move forward, their goal is to secure their first paying customers in Q3 2023 and establish strategic partnerships with boutique consulting firms specializing in cloud implementation. They aim to expand their market reach, initially targeting the total addressable market of $58.3 billion spent annually on cloud analytics.
The company's revenue model offers customers flexible options, including annual subscriptions based on current data processing spend, pay-as-you-go models tied to data volume processed, and outcome-based models for achieving cost savings. These commercial options provide customers with the flexibility to choose the most suitable pricing structure for their specific needs.
Cloud Cost Compression's website provides more information about their innovative solution, while their LinkedIn offers opportunities to connect and engage with the company's updates and industry insights.
LTTR/FACE creates personalized fonts with AI generator
Start-up builds DALL •E like generative AI for fonts. Currently, LTTR/FACE offers this solution as a bespoke font service for branding and packaging studios which can benefit from the delivery time and the final cost. Once the product is ready for a wider audience like graphic designers, the benefit is not only time and costs but the creative options that become available.
Get a font style tailored to the needs of your artwork and expression of emotions
The goal is to substitute the default system fonts so that every text communication, like messaging become personalized. By using default system fonts, we completely lost tone of voice – that means there is a lot of misunderstandings due to the wrong interpretation of emotions in the message. With the system, there is the possibility of a huge reduction in misunderstanding.
The vision is to offer LTTR/FACE as a seamless feature in creative tools like Adobe CC, Canva, Webflow, Figma etc., so that the designer can preview the impact of the changed font directly in the tool and use it directly.
There is no need for extra skill to use LTTR/FACE. For instance, a graphic designer designing a banner can describe the style in natural language and, in return, receive a new font style applied to the selected artwork. Or a designer can describe the brand style to receive a brand-new font style for a product´s package design. Another possibility is to pick two or more existing font examples and merge them into a fresh font style.
Not the first product
LTTR/FACE is not the only product this team, consisting of Martin Cetkovsky and Matus Zdansky, has developed. They started a couple of years ago with a calligraphic stroke engine for type designers and letterers called LTTR/INK. It is a plugin for Glyphs, and in the upcoming month there is going to be a release of version for Adobe Illustrator.
Starting in London, then China, Japan, Korea
The team currently focuses on building a network of studios in London, later they will expand to other cities where creative studios tend to operate. However, the most interesting market is the CJK region (China, Japan, Korea), where the typographic options are limited and generally people care more about its aesthetic than in the west.