What is Cloudability?
Founded in 2011 and headquartered in Portland, Cloudability provides a sophisticated software platform designed to track, aggregate, and optimize cloud computing usage and spending. By delivering actionable cost reports, the company empowers organizations to mitigate waste and identify significant cost-saving opportunities within their cloud environments. As a pioneer in the FinOps space, Cloudability occupies a vital market position, enabling enterprises to align their technical cloud consumption with broader financial objectives and operational efficiency mandates.
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 PIE and Techstars
Series A (2012): $8.7M supported by Trinity Ventures, Wieden+Kennedy, Foundry Group, 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
Foundry Group is a venture capital firm focused on investing in early-stage information technology, Internet, and software startups, leveraging deep industry expertise to help entrepreneurs scale.
Trinity Ventures
Trinity Ventures is an early-stage investment firm dedicated to supporting mission-driven entrepreneurs and transforming their ambitious visions into reality through hands-on engagement.
WaldenVC
Walden Venture Capital focuses on backing teams with products that have mass-market potential, specifically targeting digital media and cloud services for both consumers and enterprises.
What's next for Cloudability?
With a history of major enterprise-level funding, Cloudability is well-positioned to further scale its platform capabilities and expand its market reach. The strategic backing received throughout its growth phases suggests a focus on deepening its analytical engine and enhancing its integration ecosystem. As cloud adoption continues to accelerate, the company is likely to prioritize the development of advanced predictive modeling and automated governance tools, ensuring that its clients maintain fiscal discipline while scaling their digital infrastructure. The firm's ability to attract consistent institutional support highlights its enduring relevance in an increasingly complex multi-cloud landscape.
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