CloudZero Raises $32M to Help Businesses Reduce Cloud Spending and Analyze Costs

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CloudZero, a B2B firm that helps business customers understand and control their cloud costs, has raised $32m in Series B funding. The round was led by Innovius Capital and Threshold Ventures and included contributions from Matrix Partners, Underscore VC, and G20 Ventures. CloudZero’s platform offers complete visibility into every aspect of cloud expenditure through its AnyCost feature, which analyses all types of cloud spending in real-time and presents the data to stakeholders. Its CostFormation feature combines billing and telemetry data to allocate every cent of spend into taggable and untaggable categories, eliminating manual tagging or spreadsheet use. CloudZero aims to use the new capital to expand its platform features, develop its enterprise functionality and build its customer base.

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Frequently Asked Questions (FAQs) Related to the Above News

What is CloudZero?

CloudZero is a B2B firm that helps businesses understand and control their cloud costs.

How much funding did CloudZero raise in its Series B round?

CloudZero raised $32 million in its Series B funding round.

Who led CloudZero's Series B funding round?

Innovius Capital and Threshold Ventures led CloudZero's Series B funding round.

Which other companies contributed to CloudZero's Series B funding round?

Matrix Partners, Underscore VC, and G20 Ventures also contributed to CloudZero's Series B funding round.

What features does CloudZero's platform offer?

CloudZero's platform offers complete visibility into every aspect of cloud expenditure through its AnyCost feature, which analyzes all types of cloud spending in real-time and presents the data to stakeholders. Its CostFormation feature combines billing and telemetry data to allocate every cent of spend into taggable and untaggable categories, eliminating manual tagging or spreadsheet use.

What does CloudZero plan to do with the new capital it raised?

CloudZero aims to use the new capital to expand its platform features, develop its enterprise functionality, and build its customer base.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

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