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- CloudZero
CloudZero Funding, Investors & Competitors
CloudZero has raised $119M across 8 funding rounds, most recently a $56M Series C in May 2025.
Last CloudZero funding round
$56M
Series C · May 2025
Cumulative funding CloudZero raised
$119M
across 8 funding rounds
Key investors in CloudZero
Matrix Partners
Underscore VC
G20 Ventures
Threshold
Innovius Capital
MongoDB
BlueCrest Capital Mangament
About CloudZero
CloudZero is a Boston-based cloud cost intelligence platform that tracks spending across AWS, Azure, and Google Cloud by engineering team, product, and customer. The tool offers real-time dashboards and AI predictions via CloudZero Intelligence for anomaly detection and optimization recommendations. CloudZero integrates with Kubernetes, Snowflake, and Databricks for granular allocation. Founded in 2019, it serves software companies managing AI workloads and multi-tenant SaaS expenses.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
CloudZero Funding History
CloudZero has raised a total of $119M across 8 funding rounds.
CloudZero's first fundraising round was a $500K seed round in September 2016. The most recent completed round was a $56M Series C in May 2025.
CloudZero funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| May 2025 | Series C | BlueCrest Capital Mangament (lead); Innovius Capital (lead); MongoDB; Matrix Partners; Underscore VC; G20 Ventures; Threshold | $56M | CloudZero, a Boston-based startup founded in 2016, develops a cloud FinOps platform that automates the collection, allocation, and analysis of cloud and AI spending data, providing real-time visibility and actionable insights to optimize costs, improve unit economics, and maximize ROI for engineering teams without hindering innovation. The platform serves major enterprises including Coinbase, DraftKings, Expedia, Nubank, Klaviyo, Miro, and Rapid7, and now manages over $14 billion in cloud spending for customers, who reportedly recoup their investment in CloudZero within an average of three months. On May 28, 2025, CloudZero announced a $56 million Series C funding round, bringing total outside funding to more than $85 million. The round was co-led by BlueCrest Capital Management and Innovius Capital, with participation from Matrix Partners, Threshold Ventures, Underscore VC, G20 Ventures, and a strategic investment from MongoDB. This followed another year of triple-digit growth, amid projections of cloud spending reaching $2 trillion by 2030 driven by AI workloads. Proceeds will accelerate AI-driven cost analytics and forecasting, deepen integrations with developer and finance workflows, expand sales and marketing, strengthen cloud provider partnerships, and support go-to-market initiatives. CEO Phil Pergola emphasized the need for precise cloud unit economics to sustain AI innovation responsibly. Investors like BlueCrest's Michael Platt highlighted CloudZero's role in providing financial control and predictability to boost profits and fuel further innovation. The funding positions CloudZero to address surging multi-cloud costs, particularly from AI infrastructure, in a market where enterprises struggle with optimization. While sufficient cash exists to reach profitability, future rounds remain possible to scale aggressively. |
| Oct 2024 | Series A | - | $6M | CloudZero develops a cloud FinOps platform that automates collection and analysis of cloud and AI spending data, providing visibility into infrastructure costs and helping organizations maximize ROI. The company, founded in 2016 and based in Boston, serves customers including Coinbase, DraftKings, Expedia, Moody's, and Nubank. It raised a $6 million funding round on October 11, 2024. In a later Series C round announced May 28, 2025, CloudZero secured $56 million led by BlueCrest Capital Management and Innovius Capital, with participation from Matrix Partners, Threshold Ventures, Underscore VC, G20 Ventures, and a strategic investment from MongoDB. The Series C followed another year of triple-digit growth and will fund AI-driven cost analytics, deeper workflow integrations, and partner ecosystem expansion. |
| Dec 2023 | Series B | - | $10M | CloudZero is a cloud cost intelligence platform that provides real-time cost anomaly detection, unifies cloud costs from providers like AWS, Azure, and Google Cloud, and enables engineering teams to manage spending granularly down to specific code lines or features. The company raised $32 million in its Series B funding round on June 12, 2023, led by Innovius Capital and Threshold Ventures, with participation from Matrix Partners, Underscore VC, and G20 Ventures, bringing total funding to over $47 million. Funds will expand platform features, enterprise functionality, go-to-market efforts, and headcount to scale operations. CloudZero serves over 100 customers, primarily SaaS and digital native businesses, amid rising cloud adoption and focus on profitability. The FinOps market includes competitors like ProsperOps, Xonai, Vantage, and Cast AI. In 2023, CloudZero achieved triple-digit annual recurring revenue growth, added customers like Braze, Cloudera, and Duolingo, and helped clients save hundreds of millions in cloud costs. |
| Jun 2023 | Series B | Innovius Capital (lead); Threshold (lead); Matrix Partners; Underscore VC; G20 Ventures | $32M | CloudZero is a Boston-based SaaS platform providing cloud cost intelligence, offering real-time cost anomaly detection, waste identification, and granular insights into cloud spending across providers like AWS, Azure, and Google Cloud. It enables engineering teams to track usage, unify costs, and optimize expenses down to specific code lines or features, helping customers achieve significant savings such as Upstart's $20 million reduction. In June 2023, CloudZero raised $32 million in a Series B funding round led by Innovius Capital and Threshold Ventures, with participation from existing investors Matrix Partners, Underscore VC, and G20 Ventures. This brought total funding to between $47 million and $52 million across sources. The capital supports platform expansion, including savings insights and self-service analytics, enterprise functionality, and go-to-market scaling amid rising cloud spend and profitability focus. The company reported triple-digit annual recurring revenue growth in 2023, significantly expanded its customer base with additions like Braze, Cloudera, and Duolingo across verticals including fintech, marketing, edtech, healthcare, data analytics, and security, and helped clients realize hundreds of millions in cloud savings. Product innovations included the Analytics module, integrations, and automated insights, while joining the FinOps Foundation as a Premier Member and winning the 2023 NEVY Award for Hottest Startup. By March 2024, total Series B funding reached $41 million, signaling continued momentum in cloud cost optimization. |
| Dec 2020 | Series A | - | $8M | CloudZero raised an $8 million Series A funding round on December 7, 2020. The company develops a cloud cost optimization platform that provides visibility into cloud infrastructure spending. CloudZero, founded in 2016 and based in Boston, automates the collection and analysis of cloud spending data to help organizations optimize costs and maximize ROI. The platform supports FinOps practices, connecting cloud decisions to business outcomes. |
| Dec 2019 | Seed | - | $2M | - |
| Oct 2017 | Series A | Matrix Partners (lead); Underscore VC (lead); G20 Ventures | $5M | CloudZero raised $5 million in a Series A funding round on October 11, 2017, led by Matrix Partners and Underscore VC, with participation from G20 Ventures. The company, founded by Erik Peterson and Matt Manger, developed the first site reliability management platform for cloud computing, focusing on serverless reliability management. The funding supported opening headquarters in Boston, growing its enterprise SaaS platform, and investing in its open source community. Tim Barrows from Matrix Partners and Michael Skok from Underscore VC joined the board, alongside advisors like Corey Thomas of Rapid7 and Bob Brennan, former CEO of Veracode. |
| Sep 2016 | Seed | Matrix Partners (lead); Underscore VC (lead) | $500K | - |
Who has invested in CloudZero?
7 investors have backed CloudZero across its funding rounds, including Matrix Partners, Underscore VC, G20 Ventures, Threshold, Innovius Capital and MongoDB.
Lead investors include BlueCrest Capital Mangament, Innovius Capital, Threshold, Matrix Partners and Underscore VC.
CloudZero Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Sep 2016 | ||
| 4 | Lead | Sep 2016 | ||
| 3 | Participant | Oct 2017 | ||
| 2 | Lead | Jun 2023 | ||
| 2 | Lead | Jun 2023 | ||
This data is available for Pro users. Sign up to see all 7 CloudZero investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialCloudZero Competitors
CloudZero competitors include listed companies like Verisk Analytics and Fair Isaac, and private ones like Transmit Security, Thought Machine, Quantexa and Feedzai.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $3.1B | $1.7B | $23B | 8.5x | ||
| Publicly listed | $2B | $951M | $21B | 10.4x | ||
| Private | $100M | - | $2.7B | 27.4x | ||
| Private | $63M | - | $2.7B | 42.9x | ||
| Private | $100M | - | $2.6B | 26.0x | ||
| Private | - | - | $2B | - |
CloudZero Public Comps
CloudZero is still privately-owned, but its public comps include Palantir, ServiceNow, S&P Global, Datadog, Moody's, RELX, Strategy, Constellation Software, Fiserv and Verisk Analytics.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.5B | $1.5B | 92.6x | 58.1x | 285.0x | 97.4x | |||
| $13B | $2.6B | 11.1x | 9.6x | 57.2x | 25.0x | |||
| $15B | $7.7B | 8.9x | 9.1x | 17.6x | 17.3x | |||
| $3.4B | ($588K) | 23.6x | 19.4x | (137813.0x) | 77.6x | |||
| $7.7B | $3.8B | 11.2x | 10.6x | 22.5x | 20.1x | |||
| $13B | $4.9B | 5.5x | 5.3x | 14.4x | 13.2x | |||
| $477M | ($5.4B) | 149.4x | 144.4x | (13.1x) | (12.3x) | |||
| $12B | $2.5B | 4.0x | 3.5x | 18.5x | 12.9x | |||
This data is available for Pro users. Sign up to see all CloudZero competitors and their valuation data. Start Free Trial | ||||||||
Common questions about CloudZero
| When was CloudZero founded? | CloudZero was founded in 2016. |
| Where is CloudZero headquartered? | CloudZero is headquartered in Boston, MA, United States. |
| Is CloudZero publicly listed? | No, CloudZero is a private, VC-backed company. |
| How much funding has CloudZero raised? | CloudZero has raised $119M across 8 funding rounds. |
| What was CloudZero's last funding round? | CloudZero's last funding round was a $56M Series C in May 2025, led by BlueCrest Capital Mangament and Innovius Capital. |
| Who are CloudZero's investors? | CloudZero's investors include Matrix Partners, Underscore VC, G20 Ventures, Threshold, Innovius Capital, MongoDB and BlueCrest Capital Mangament. |
| Which companies are comparable to CloudZero? | Companies comparable to CloudZero include Verisk Analytics, Fair Isaac, Transmit Security, Thought Machine, Quantexa and Feedzai. |
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