CloudZero, a cloud cost management startup, has secured $32 million in a Series B funding round led by Innovius Capital and Threshold Ventures, bringing its total raised to over $52 million. The tranche will enable the company to expand its platform and scale its go-to-market efforts, with a focus on savings insights and self-service analytics, according to CEO Erik Peterson. CloudZero provides engineering teams with cost data in a unified dashboard, combining data with different types of business- and system-level telemetry. All this is laid on top of cloud billing data, enabling CloudZero to answer questions such as how much an individual product or feature costs. CloudZero’s platform analyzes hourly cloud spend data to alert engineers of abnormal spend events and identifies cost drivers and anomalies instantly, enabling engineers to proactively address cost spikes. Despite competing in the cloud cost optimization market, CloudZero has over 100 customers and its revenue has increased tenfold since 2021, according to Peterson.
CloudZero Secures $32M Investment for Cloud Cost Management Startup
Date:
Frequently Asked Questions (FAQs) Related to the Above News
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.
More like thisRelated
Enhancing Credit Risk Assessments with Machine Learning Algorithms
Enhance credit risk assessments with machine learning algorithms to make data-driven decisions and gain a competitive edge in the market.
Foreign Investors Boost Asian Stocks in June with $7.16B Inflows
Foreign investors drove a $7.16B boost in Asian stocks in June, fueled by AI industry growth and positive Fed signals.
Samsung Launches Galaxy Book 4 Ultra with Intel Core Ultra AI Processors in India
Samsung launches Galaxy Book 4 Ultra in India with Intel Core Ultra AI processors, Windows 11, and advanced features to compete in the market.
Motorola Razr 50 Ultra Unveiled: Specs, Pricing, and Prime Day Sale Offer
Introducing the Motorola Razr 50 Ultra with a 4-inch pOLED 165Hz cover screen and Snapdragon 8s Gen 3 chipset. Get all the details and Prime Day sale offer here!