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excluding lxc virtual servers.
IWStack has automated and manual snapshots including through CloudStack API. Storage is not free, though. You can take any number of snapshots and replace them within reason. Hourly snapshots, for example, are a stretch of what within reason means.
Snapshots are stored separately on secondary storage same as custom ISO and your templates so can be considered a form of backup, as long as you make sure they are not automatically overwritten and restored to be tested periodically (by transforming into a template and deploying temporarily for tests).