CloudZero Analysis: $88M Raised
What is CloudZero?
CloudZero specializes in automating the collection, allocation, and analysis of cloud and AI spending. Their unique approach integrates various data sources into a single view, enabling organizations to identify waste and optimize costs effectively. This transformation allows businesses to improve unit economics and drive growth by making informed financial decisions.
Employees
51-200
Founded
2019
Industry
SaaS, Data Analytics, AI/ML
Latest Funding Round Size
Series C
Parent Company Website
Public Company Status
Private
Recent Venture Round Amount
$56,000,000
Product Features & Capabilities
- Cost optimization platform for cloud and AI spending
- Anomaly detection for unexpected cost spikes
- Budget management tools for financial accountability
- Integration with over 50 cloud and data providers
- Analytics for deep insights into unit economics
Use Cases
Optimize cloud spending to enhance profitability; Detect anomalies in cloud costs to prevent overspending; Allocate shared costs accurately across teams; Manage budgets effectively to ensure financial health; Measure AI ROI to justify investments
How much CloudZero raised
Series C - $56 million
2025-05-30Lead Investor: BlueCrest Capital Management, Innovius Capital, MongoDB Inc., Matrix Partners, Threshold Ventures, Underscore VC, G20 Ventures
Series B - $32 million
2023-06-12Lead Investor: Innovius Capital, Threshold Ventures, Matrix Partners, Underscore VC, G20 Ventures
Who are the founders of CloudZero
EP
Erik Peterson
Founder and CTO
PP
Phil Pergola
CEO
Other Considerations
Manages over $14 billion in cloud spend; Offers a 14-day free trial for qualified accounts; Recognized in the 2024 Gartner Magic Quadrant for Cloud Financial Management Tools
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Financial Overview
$88MTotal Raised
Series C$56 million
2025-05-30
Investors: BlueCrest Capital Management, Innovius Capital, MongoDB Inc., Matrix Partners, Threshold Ventures, Underscore VC, G20 Ventures
Series B$32 million
2023-06-12
Investors: Innovius Capital, Threshold Ventures, Matrix Partners, Underscore VC, G20 Ventures