CloudZero Company Profile: Valuation & Investors

This allows organizations to align costs with meaningful business metrics, such as products, features, customers, and more — whether your tags are perfect or a total mess. Our most important features are fully-automated cost anomaly tracking & alerts, AI-driven cost mapping, streamlined and simplified graphs/charts, and automatically generated resolutions for issues that are actionable and straightforward. Unlike traditional cost management tools, which offer traditional customer success to get you onboarded and configured — CloudZero gives you a dedicated FinOps expert on demand. You’ll get a shared Slack channel, where you can ask questions and discuss priorities. Your expert will continuously monitor your cost for optimization opportunities and surface key insights.

• CloudZero's unique ability to provide granular insights for any cloud provider empowers software teams to collaboratively manage cloud spend down to how a specific product feature or customer impacts margin.
• The company intends to use the funds to expand platform features, advance its enterprise functionality, and scale headcount.
• Our most important features are fully-automated cost anomaly tracking & alerts, AI-driven cost mapping, streamlined and simplified graphs/charts, and automatically generated resolutions for issues that are actionable and straightforward.
• Unify all costs in a common data format, and determine exactly what it costs to deliver your customers value.
• With a powerful, flexible data model, CloudZero makes it possible to quickly align spend to your business.
• This enables software teams to understand what is driving their spend — customers, features, teams, microservices, etc. — and minimize time spent on manual tagging or in spreadsheets.

Many of our customers have replaced their cloud cost management tools with CloudZero’s platform. CloudZero doesn’t stand alone in the cloud cost optimization market, also known as FinOps — which isn’t exactly surprising given the huge market opportunity. There’s ProsperOps, which closed a $72 million investment in February for its software that automatically optimizes cloud resources to deliver savings. Other players include Xonai, Vantage, Cast AI and Zesty, as well as larger vendors like VMware and Apptio.

CloudZero Valuation & Funding

It’s like having another member of your team — powered by the collective intelligence of every CloudZero customer. Engineers can even investigate costs themselves and see the cost impact of their work.

As part of the financing, https://bookkeeping-reviews.com/cloudzero/ welcomes Justin Moore from Innovius Capital to its board of directors and Arpit Mittal from Threshold Ventures as a board observer. Erik Peterson co-founded CloudZero with Matt Manger nearly 10 years ago after identifying what he describes as an “intrinsic” connection between efficient architecture and cost-effective cloud solutions. The way Peterson sees it, every cloud engineering decision is essentially a buying one — yet the cost conversation often bypasses the engineers who drive these decisions. With a powerful, flexible data model, CloudZero makes it possible to quickly align spend to your business.

CloudZero Releases MongoDB, Databricks, New Relic Integrations, Building On AnyCost Technology

From there, it only takes a few additional hours to uncover additional cost intelligence like unit cost, COGS, cost per customer, etc. Eliminate wasteful spending, ship efficient code, and innovate profitably — all in one platform. PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Personalize which data points you want to see and create visualizations instantly. The company intends to use the funds to expand platform features, advance its enterprise functionality, and scale headcount.

On top of traditional cost optimization, CloudZero allows you to see costs in the metrics that matter most to your business — like unit cost, cost per customer, per feature, per product, COGS, and more. "Product and engineering leaders are under as much pressure as ever to deliver innovation, but now they are being asked to do so on leaner budgets," said Josh Stein, co-founder and managing partner at Threshold Ventures. "CloudZero provides engineers with the right data at the right time to make cost-efficient decisions without disrupting their workflow or slowing down new feature delivery." BOSTON, June 12, 2023 /PRNewswire/ — On the back of another year of triple-digit growth, CloudZero announced today that it closed $32 million in Series B funding to expand its cloud cost intelligence platform. The round was led by Innovius Capital and Threshold Ventures with continued support from existing investors Matrix Partners, Underscore VC, and G20 Ventures.

How SeatGeek Measures Cost Per Customer

CloudZero is the only solution that enables you to allocate 100% of your spend in hours — so you can align everyone around cost dimensions that matter to your business. According to a recent IDC survey, 55% of cloud buyers believe inflationary pressures over the past few months have negatively impacted their return on investment. In fact, those organizations claim that the cloud now makes up on average 32% of their IT budgets; a quarter of respondents say that they’re looking internally at where they can make cloud cost reductions. Bringing the company’s total raised to over $52 million, the tranche will be put toward expanding CloudZero’s platform and scaling its go-to-market efforts, CEO Phil Pergola says — with an emphasis on savings insights and self-service analytics. Eliminate wastefu spending, ship efficient code, and innovate profitably – all in one platform.

Whether CloudZero’s platform is actually “up-to-the-minute” and “instant” remains up for debate. For qualified accounts, we do offer a 30-day free trial where you can experience the power and capabilities of CloudZero’s cost intelligence platform. You can connect to the CloudZero platform in 10 minutes and start seeing value right away.

Led by Phil Pergola, CEO, CloudZero provides an intelligence platform that automates the collection, allocation, and analysis of cloud cost data to uncover savings opportunities and improve unit economics for organizations. It provides granular insights for any cloud provider and empowers software teams to collaboratively manage cloud spend down to how a specific product feature or customer impacts margin. This means engineering teams can see real-time, hourly data showing the consequences of software development decisions and can proactively optimize costs before waste occurs. CloudZero's unique ability to provide granular insights for any cloud provider empowers software teams to collaboratively manage cloud spend down to how a specific product feature or customer impacts margin. This means engineering teams can see real-time, hourly data showing the consequences of software development decisions and can proactively optimize costs before waste occurs — something no other cost management solution can provide.

We empower the world's engineers to build cost-efficient software without slowing down innovation. CloudZero's platform automates the collection, allocation, and analysis of cloud cost data to uncover savings opportunities and improve unit economics. Our unique approach ensures organizations have the most complete, accurate, and granular source of truth for their cloud costs. CloudZero is used by industry leaders worldwide, such as Demandbase, New Relic, Nubank, Rapid7, and Skyscanner.

CloudZero

With over $5 billion in cloud costs currently under management, these differentiators are why customers ranging from leading startups to Fortune 500 companies rely on CloudZero to build cost-efficient software. "CloudZero has one of the most powerful cloud cost intelligence platforms on the market," said Mike Rosenberg, senior director of engineering at Nubank. "As a fellow data-driven organization, CloudZero is a strong cultural fit for Nubank and we're glad to partner with the team." "Cost management is a challenge for every business that leverages the cloud. Most vendors in the market address small pieces of the overall problem, only providing surface-level insights into underlying cost drivers," said Justin Moore, CEO of Innovius Capital. Operator of a cloud cost intelligence platform intended to make informed decisions at all phases of the cloud adoption lifecycle.

CloudZero helps you organize your cloud cost into metrics like unit cost, cost per customer, cost per product feature, and more — without requiring tagging. Companies can get seamless COGS visibility, even on cloud-native architecture that can typically cause blindspots — such as Kubernetes, multi-tenancy, microservices, Snowflake, and more. The CloudZero Cloud Cost Intelligence Platform provides granular cloud cost visibility, across flexible, business-centric dimensions, without the typical pitfalls of cloud cost management. CloudZero puts engineering in control of cloud cost, by connecting technical decisions to business results.

Lists Featuring This Company

Answer any cost question, drill down, zoom out, and get the most granular, context-rich intelligence out there — all without endless tagging. Cloud cost intelligence is about aligning cost to your business and stakeholders, so cost becomes a meaningful data point as you discuss cost tradeoffs throughout your entire product life cycle. You’ll also proactively save where it matters most — and unfortunately for us we can’t take a percentage of the money you never spend. Pulling reports, building dashboards, setting budgets— these are all things of the past. https://bookkeeping-reviews.com/’s automatically brings items that require engineers’ attention to the surface in the spaces where they already work.

For software-driven companies focused on growing margins, the CloudZero Cloud Cost Intelligence Platform translates cost data into a shared language for finance and engineering — answering the what, why, and when, rather than just how much. CloudZero AnyCost™ ingests 100% of cloud spend (IaaS, PaaS, SaaS) in real time, normalizes it in a common data model, and presents it in a single pane of glass. This gives every stakeholder the most complete, accurate, and granular source of truth. CloudZero’s tech relies on hourly cloud spend data to alert engineers of “abnormal” spend events (as identified by an AI algorithm). The platform ingests customers’ cloud, platform-as-service and software-as-a-service spend to normalize it into a common data model.