What is Cloudability?
Cloudability Inc. specializes in developing sophisticated software solutions designed to track, aggregate, and analyze cloud computing usage and spending. The company's platform generates detailed cost reports, empowering businesses to effectively manage their cloud budgets, identify and eliminate wasteful spending, and uncover opportunities for significant cost savings. Founded in 2011 and headquartered in Portland, Cloudability addresses the critical need for financial visibility and control in the increasingly complex landscape of cloud services.
How much funding has Cloudability raised?
Cloudability has raised a total of $59.9M across 7 funding rounds:
Angel/Seed
$1.1M
Other Financing Round
$18K
Series A
$8.7M
Multiple Rounds
$26M
Series B
$24M
Angel/Seed (2011): $1.1M with participation from WaldenVC and Trinity Ventures
Other Financing Round (2012): $18K led by Techstars and PIE
Series A (2012): $8.7M supported by Foundry Group, Wieden+Kennedy, Trinity Ventures, and 500.com
Private Equity (2015): $21.8M, investors not publicly disclosed
Private Equity (2015): $750K backed by Foundry Group
Private Equity (2015): $3.5M with participation from Foundry Group
Series B (2016): $24M led by Foundry Group Select Fund
Key Investors in Cloudability
Foundry Group Select Fund
Foundry Group Select Fund is an investment vehicle associated with Foundry Group, a venture capital firm known for its focus on early-stage information technology and software startups. They provide capital and strategic support to help companies scale.
Foundry Group
Foundry Group is a prominent venture capital firm that invests in early-stage technology companies, offering not just capital but also extensive operational experience and a strong network to foster growth.
Techstars
Techstars is a global network of accelerators that supports startups through mentorship, funding, and connections, helping early-stage companies develop and scale their businesses.
What's next for Cloudability?
With the recent influx of major strategic investment, Cloudability is poised for an accelerated growth trajectory. This capital will likely fuel further product development, enabling the company to expand its suite of cloud financial management tools and address emerging challenges in multi-cloud environments. Expect Cloudability to deepen its market penetration, potentially through strategic partnerships and enhanced sales and marketing initiatives, solidifying its position as a leader in cloud cost optimization and governance.
See full Cloudability company page
