What is Cloudability?
Cloudability Inc. specializes in developing software that meticulously tracks and aggregates cloud computing usage and spending. The platform generates comprehensive cost reports designed to empower organizations in managing their cloud expenditures, identifying areas of waste, and uncovering opportunities for significant cost savings. Founded in 2011 and headquartered in Portland, Cloudability addresses a critical need for financial visibility and control in the complex landscape of cloud infrastructure.
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 500.com, Foundry Group, Trinity Ventures, and Wieden+Kennedy
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 likely an investment vehicle associated with Foundry Group, a venture capital firm known for investing in early-stage information technology, Internet, and software startups. Their focus on providing capital and leveraging their expertise suggests a strategic interest in companies that can scale rapidly within the tech sector.
Foundry Group
Foundry Group is a venture capital firm focused on investing in early-stage information technology, Internet, and software startups. They are known for actively supporting companies with their experience in starting and growing businesses, industry expertise, and extensive network.
Trinity Ventures
Trinity Ventures is an early-stage investment firm that supports mission-driven entrepreneurs. They invest in companies with mass-market potential and strong core technology, often focusing on digital media and cloud services, and provide hands-on support to help businesses scale.
What's next for Cloudability?
The recent major strategic investment and the overall enterprise-level funding context suggest Cloudability is poised for significant scaling and market penetration. This capital infusion will likely fuel further product development, enhance sales and marketing efforts, and potentially support strategic partnerships or acquisitions. The company's trajectory indicates a strong position within the cloud financial management sector, with future growth expected to be driven by its ability to deliver actionable insights and cost-saving solutions to a growing enterprise client base.
See full Cloudability company page
