When it comes to multicloud management, “people definitely want automated cost control,” said ParkMyCloud CEO Jay Chapel. “They want to be able to automate changes that can affect the bill.”

This week, the two-year-old startup launched a product that does just that.

The company’s flagship technology — the ParkMyCloud platform — is a multi-clould management tool that today works across Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). “That data is used to make recommendations to ‘park’ things, or turn off cloud resources when they are not being used at night and on weekends,” Chapel explained.

The new SmartParking release adds automation to the mix. The platform will look for patterns in utilization data from AWS CloudWatch and create recommendation schedules for each instance to turn them off when they are typically idle. Customers can choose to receive SmartParking schedules that are low, moderate, or high risk.

“High risk is a more aggressive parking schedule,” Chapel explained, meaning that a company will park instances — and thus save money — for the most time. The “risk” here is having an instance turned off when someone needs it.

“Low risk sets a less aggressive schedule,” he said. “You can either automate this or manually set it.”

By minimizing idle time, this new tool can save customers 65 percent or more on cloud resources, the company claims.

The SmartParking release supports AWS. The company plans to add automation support for Microsoft Azure and Google Cloud in the first half of this year. “Every feature is built to be able to support multicloud,” Chapel said. “We brought in CloudWatch first because AWS is the largest cloud provider, and 80 percent of our customers use it.”

ParkMyCloud customers include McDonald’s, Capital One, Unilever, Fox, Avid, and Sage Software.

Also this week, ParkMyCloud announced a partnership with CloudHealth Technologies, another cloud management startup that provides integrated reporting, recommendations, and policy management across clouds.

The two companies plan to develop an integrated product that includes CloudHealth’s hybrid cloud governance and ParkMyCloud’s automated cost control. It’s slated for general availability by the end of the first quarter.

“CloudHealth, in my opinion and based on customer feedback, is the best platform for aggregating cost, governance, and optimization data,” Chapel said. “We have the best platform for automating cost control. So integrating these two things makes great sense for customers.”

Once again, it’s about automation. This, in fact, is why Chapel founded the company in 2015, he said. “There’ a lot of good vendors, CloudHealth being one of them, that offer cloud optimization, governance, and reporting, but there weren’t a lot of technologies around to automate those.”

So Chapel and his team developed a technology to allow enterprises to automatically integrate cost control into their DevOps processes. “We’re more of a DevOps, ITOps, infrastructure play than a reporting play,” he said.

Before starting the company, he spent more than 10 years with Micromuse and IBM Tivoli, a provider of business infrastructure management software.

ParkMyCloud has raised about $3.5 million in initial funding. Cofounders Capital led the seed round. Lane Bess, former Palo Alto Networks CEO and former Zscaler COO, also invested in the company.

Looking ahead, the company plans to work feature parity across the three major public cloud providers in the first half of 2018. It currently provides more features in AWS and wants to up its game in Azure and Google Cloud. “We also plan to add Alibaba Cloud this year,” Chapel said.

The company is also working on a new product, called SmartSizing, that will automate right sizing of cloud resources. This will allow enterprises to match cloud workloads to underlying infrastructure to minimize waste and money spent on unused resources.

Chapel hopes to launch this product over the summer.