Opens in a new tab

Rackspace Technology Introduces Rackspace Spot, Cloud Infrastructure Auctioned in a Real-time Open Market and Delivered as Turnkey, Fully Managed Kubernetes Clusters

March 19, 2024

Rackspace Technology Introduces Rackspace Spot, Cloud Infrastructure Auctioned in a Real-time Open Market and Delivered as Turnkey, Fully Managed Kubernetes Clusters

Rackspace Technology Introduces Rackspace Spot, Cloud Infrastructure Auctioned in a Real-time Open Market and Delivered as Turnkey, Fully Managed Kubernetes Clusters

Spot offers cloud infrastructure auctioned in an open market model with a dynamic customer-driven bidding process that sets compute market price

SAN ANTONIO, TX – March 19, 2024, Rackspace Technology® (NASDAQ: RXT), a leading end-to-end hybrid, multicloud, and AI technology solutions company, introduced today Rackspace Spot, the world’s only open market auction for cloud servers. Rackspace Spot offers instant online sign-up, a customer-driven bidding process that allows users to set compute market prices, with capacity delivered as turnkey, fully managed Kubernetes clusters.

“Rackspace Spot offers a unique open market auction model that provides cost-effective cloud infrastructure solutions for small to medium enterprises, startups, digital companies, and developers,” said Lance Weaver, Rackspace Technology Chief Product and Technology Officer, Private Cloud Business Unit. “With high-availability Kubernetes clusters and market-based dynamic pricing, organizations can scale resources up or down as needed and obtain cloud infrastructure at the best possible price. The transparency of the auction process provides information to compare prices and choose the most cost-effective options.”

Rackspace Spot was co-developed by teams at Rackspace Technology and Platform9, the leading independent provider of SaaS-managed Kubernetes.

“We are pleased to contribute to Rackspace Spot, a major innovation in the cloud computing market,” said Sirish Raghuram, Co-founder and Chief Growth Officer at Platform9.  “Spot features several Platform9 innovations, such as a new centrally hosted Kubernetes control plane that lowers costs to customers. This allows users to deploy a fully managed Kubernetes cluster from as little as $0.72 per month, which is two orders of magnitude cheaper than comparable alternatives.”

Rackspace Spot Key Features

  • Kubernetes clusters suited for preemptible workloads.
  • Kubernetes control plane built-in with HA control plane option.
  • Autoscaling Kubernetes clusters
  • Available today in five global regions with thousands of servers
  • Dynamic market pricing through bidding ensures the most competitive and up-to-date price.
  • Developer-oriented Application Programming Interface (APIs) and Open Tofu/Terraform providers.

Rackspace Spot Key Benefits

  • Open market lowers prices.
  • Bid for cloud servers from Rackspace’s large cloud capacity inventory. Bids are fulfilled by an open market auction within minutes.
  • Scalable and distributed solution for demanding workloads.
  • The final cut-off price in the auction determines the market price for servers.
  • alerts for node pre-emption via Slack webbooks.

Kubernetes Solutions

Leverage Kubernetes without the complexity of managing all the moving parts; you don’t have to worry about configuring high-availability upgrades or troubleshooting.

In addition, Rackspace Spot comes out of the box with two storage classes: Solid-State Drive (SSD) and Serial ATA (SATA) for persistent storage, a network-policy-capable Calico Container Network Interface (CNI), and load balancers.

Rich Add-Ons

Bring your own favorite K8s Helm charts or Operators today while our engineers are hard at work to include these out-of-the-box, including:

  • DBaaS operators
  • Cluster backup
  • Enhanced monitoring
  • Security scanning
  • Machine Learning Operations (MLOps) tooling

Click here to learn more about Rackspace Spot.

About Rackspace Technology

Rackspace Technology is a leading end-to-end hybrid, multicloud, and AI technology services company. We design, build, and operate our customers’ cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products, and adopt innovative technologies.

Media Contact: Natalie Silva, publicrelations@rackspace.com 

About Rackspace Technology

Rackspace Technology® (NASDAQ: RXT) is the operator of the full enterprise AI stack from governed private cloud to AI inference and agents in production. With an Outcomes-as-a-Service model built on secure infrastructure, data foundations, and forward-deployed engineering, Rackspace delivers business results for regulated and mission-critical industries where governance, sovereignty, and uptime are non-negotiable. Learn more at www.rackspace.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events and can be identified by terminology such as “believe,” “may,” “will,” “potentially,” “estimate,” “continues,” “anticipate,” “intend,” “could,” “would,” “project,” “plan,” “expect,” “is putting,” “designed to,” or the negative of such terms or other similar expressions, although not all forward-looking statements contain these words.

 These statements include, but are not limited to, Rackspace Technology’s relationship with NVIDIA and the NVIDIA Cloud Partner Program, its Enterprise AI Cloud strategy, the anticipated capabilities, benefits and timing of its Institutional Sovereign Pod architecture, Rackspace’s outlook on the AI industry and its ability to deliver, operate, and scale AI infrastructure and solutions for regulated, institutional and sovereign enterprises. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially, including, without limitation: Rackspace's ability to realize the anticipated benefits of its relationship with NVIDIA and the NCP program; the availability, cost, and timing of deployment of NVIDIA and other third-party technology; Rackspace's ability to develop, market, and scale the Institutional Sovereign Pod and related offerings on the anticipated timeline or at all; market acceptance of and demand for sovereign and governed AI infrastructure solutions; competition in the AI infrastructure and cloud services markets; capital expenditure requirements associated with AI infrastructure buildout; availability of financing for the AI infrastructure buildout on terms acceptable to Rackspace; Rackspace’s reliance on a limited number of technology partners, including NVIDIA; cybersecurity, data privacy, and regulatory compliance risks associated with serving regulated and sovereign customers; general economic and industry conditions; and other risks and uncertainties described in Rackspace's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Rackspace undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.