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

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.