CloudZero, a company working to help organizations scale their cloud technology efficiently, recently secured $56 million in a round of Series C funding. The investment was co-led by BlueCrest Capital Management and Innovius Capital.
The company’s platform automates the collection, allocation and analysis of cloud costs to help engineers maximize cost savings while developing software. CloudZero counts organizations like Coinbase, DraftKings, Expedia and Nubank among its customers and has recorded triple-digit growth of its solution in the past year.
Its new capital will allow CloudZero to invest in AI-driven cost analytics and forecasting capabilities, integrating developer and finance workflow tools and expanding strategic partnerships and cloud alliances.
