.webp)
Saving Authentic 44% : “We can spend the time building new features instead”
Authentic is an insurance technology company that provides a "turnkey platform" for various organizations to create their own captive insurance programs. It handles the complex logistics of setting up and managing a captive, allowing companies like software providers, franchisors, or associations to offer tailored insurance to their own customers without needing to be an insurance expert themselves. The platform includes services such as legal setup, underwriting, claims management, and regulatory compliance.
Authentic Insurance is an insurtech company redefining how businesses of all sizes access and manage coverage. Authentic enables partners to launch and operate their own insurance programs - handling everything from underwriting and compliance to claims and reinsurance - without the heavy infrastructure or cost of becoming a carrier.
Authentic and Snowflake
Authentic primarily uses Snowflake to store all of its data from disparate sources and also to write ad hoc queries. Both their external and internal facing dashboards rely on Snowflake.
“We knew the combination of having more data and doing more with it was going to increase Snowflake spend by a ton.” - Saravana Kumar
Their Snowflake spend was slowly increasing before they started using Espresso, and they anticipated it increasing quickly as they began to scale rapidly.
Cost saving was a priority because not only were they expecting both their business to scale, but they also were planning to integrate more external data sources and build more data models. They quickly realized Snowflake was going to become quite expensive.
Authentic and Espresso: From savings estimate to production in 2 weeks
“We tried other cost-cutting measures to varying success and saved a bit, but nothing was as effective as Espresso.” - Saravana Kumar
Authentic uploaded 2 weeks of metadata for us to run simulation of their environment and produce a savings estimate. We predicted 53% savings, and within a week they switched us on and saw exactly 53% savings in production.
“We have been really satisfied with Espresso overall. The sales process was extremely fast, the implementation process was seamless - they made setup extremely easy for us.” - Saravana Kumar
Fast forward to today: “Nothing else we’ve tried has saved us nearly as much”
As the Authentic team projected, their spend has increased significantly as their business and data volumes have grown. Our real-time optimizations continued on their growing workloads, and today we save them 44% on their daily spend.
“The extra savings on budget have been helpful for growing our engineering org, and we would’ve had to spend even more time on optimizing our infrastructure than we currently do, which we can spend building new features instead.” - Saravana Kumar
.png){kind=logo}
