Last Updated: April 21, 2025
This End User License Agreement (“Agreement” or “EULA”) is a legal agreement between you (either an individual or a single entity) and Parsimo Inc. (“Parsimo,” “we,” “our,” or “us”) for the Parsimo.ai software application, services, and related materials (collectively, the “Software”) that provides AI-native FinOps infrastructure for cloud cost optimization.
By installing, accessing, or using the Software, you agree to be bound by the terms of this Agreement. If you do not agree to the terms of this Agreement, do not install, access, or use the Software.
Subject to the terms and conditions of this Agreement, Parsimo grants you a limited, non-exclusive, non-transferable, revocable license to use the Software for your internal business purposes only.
Parsimo provides cloud cost optimization services that help companies reduce cloud costs through:
Our Software is designed to help reduce cloud costs by an average of 30%, and up to 75%, while minimizing engineering effort.
You agree not to, and will not permit others to:
Parsimo collects and processes certain data to provide, maintain, and improve the Software. Our collection and use of this data is governed by our Privacy Policy, which is incorporated by reference into this Agreement. By using the Software, you consent to our collection, use, and processing of data as described in our Privacy Policy.
The Software may display, include, or make available third-party content (including data, information, applications, and other products, services, and/or materials) or provide links to third-party websites or services. You acknowledge and agree that Parsimo is not responsible for third-party content, including its accuracy, completeness, timeliness, validity, legality, decency, quality, or any other aspect. Parsimo does not assume and will not have any liability to you for any third-party content.
The Software, including all intellectual property rights therein, is and shall remain the property of Parsimo. This Agreement grants you no right, title, or interest in or to the Software or any intellectual property rights therein.
If you provide Parsimo with any feedback, suggestions, improvements, enhancements, or feature requests relating to the Software (collectively, “Feedback”), you grant Parsimo a worldwide, perpetual, irrevocable, fully-paid, royalty-free license to use, reproduce, modify, create derivative works from, distribute, publicly display, publicly perform, and otherwise exploit such Feedback in any manner.
Parsimo may provide you with support and maintenance services, the scope of which will be set forth in a separate agreement between you and Parsimo.
This Agreement shall remain in effect until terminated by you or Parsimo. Parsimo may terminate this Agreement at any time without notice if you fail to comply with any term of this Agreement. Upon termination, you shall cease all use of the Software and destroy all copies, full or partial, of the Software.
THE SOFTWARE IS PROVIDED “AS IS” AND “AS AVAILABLE,” WITHOUT WARRANTY OF ANY KIND. PARSIMO EXPRESSLY DISCLAIMS ALL WARRANTIES, WHETHER EXPRESS, IMPLIED, OR STATUTORY, INCLUDING BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. PARSIMO MAKES NO WARRANTY THAT THE SOFTWARE WILL MEET YOUR REQUIREMENTS, WILL BE AVAILABLE ON AN UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE BASIS, OR WILL BE ACCURATE, RELIABLE, COMPLETE, LEGAL, OR SAFE.
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL PARSIMO OR ITS SUPPLIERS BE LIABLE FOR ANY SPECIAL, INCIDENTAL, INDIRECT, OR CONSEQUENTIAL DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF BUSINESS PROFITS, BUSINESS INTERRUPTION, LOSS OF BUSINESS INFORMATION, OR ANY OTHER PECUNIARY LOSS) ARISING OUT OF THE USE OR INABILITY TO USE THE SOFTWARE, EVEN IF PARSIMO HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN ANY CASE, PARSIMO’S ENTIRE LIABILITY UNDER ANY PROVISION OF THIS AGREEMENT SHALL BE LIMITED TO THE AMOUNT ACTUALLY PAID BY YOU FOR THE SOFTWARE.
You agree to indemnify, defend, and hold harmless Parsimo and its officers, directors, employees, agents, affiliates, successors, and assigns from and against any and all losses, damages, liabilities, deficiencies, actions, judgments, settlements, interest, awards, penalties, fines, costs, or expenses of whatever kind, including reasonable attorneys’ fees, arising from or relating to your use or misuse of the Software or your breach of this Agreement.
The Software may be subject to U.S. export control laws, including the U.S. Export Administration Act and its associated regulations. You shall not, directly or indirectly, export, re-export, or release the Software to, or make the Software accessible from, any jurisdiction or country to which export, re-export, or release is prohibited by law, rule, or regulation.
This Agreement shall be governed by and construed in accordance with the laws of the State of California, without giving effect to any choice or conflict of law provision or rule. Any legal suit, action, or proceeding arising out of or related to this Agreement or the Software shall be instituted exclusively in the federal courts of the United States or the courts of the State of California, in each case located in San Francisco County, and each party irrevocably submits to the exclusive jurisdiction of such courts in any such suit, action, or proceeding.
This Agreement constitutes the entire agreement between you and Parsimo regarding your use of the Software and supersedes all prior and contemporaneous written or oral agreements between you and Parsimo.
No failure to exercise, and no delay in exercising, on the part of either party, any right or any power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right or power hereunder preclude further exercise of that or any other right hereunder.
If any provision of this Agreement is illegal or unenforceable under applicable law, the remainder of the provision will be amended to achieve as closely as possible the effect of the original term and all other provisions of this Agreement will continue in full force and effect.
Parsimo reserves the right, at its sole discretion, to modify or replace this Agreement at any time. If a revision is material, Parsimo will provide at least 30 days’ notice prior to any new terms taking effect. What constitutes a material change will be determined at Parsimo’s sole discretion.
If you have any questions about this Agreement, please contact Parsimo at:
Parsimo Inc.
Email: legal@parsimo.ai
Website: parsimo.ai
By installing, accessing, or using the Software, you acknowledge that you have read this Agreement, understand it, and agree to be bound by its terms and conditions.