What is CloudZero?
CloudZero provides a Self-Driving Cloud Cost Management Solution designed to eliminate manual work for engineers and DevOps users. The platform enables the building of cost-optimized software and aims to significantly lower AWS bills. Based in Boston, Massachusetts, CloudZero addresses a critical need for businesses seeking to gain control over their escalating cloud expenditures, offering an automated approach to cost optimization.
How much funding has CloudZero raised?
CloudZero has raised a total of $95.1M across 4 funding rounds:
Series A
$5M
Unspecified
$2.1M
Series B
$32M
Series C
$56M
Series A (2017): $5M with participation from Underscore VC and Matrix Partners
Unspecified (2019): $2.1M, investors not publicly disclosed
Series B (2023): $32M supported by Underscore VC, Matrix Partners, Threshold Ventures, and G20 Ventures
Series C (2025): $56M featuring BlueCrest Capital Management, Underscore VC, Matrix Partners, G20 Ventures, MongoDB, Innovius Capital, and Threshold Ventures
Key Investors in CloudZero
BlueCrest Capital Management
BlueCrest Capital Management is a premier hedge fund manager founded in 2000, managing significant assets and operating globally with offices in key financial centers.
Underscore VC
Underscore VC is a Boston-based venture capital firm specializing in early-stage B2B software founders, employing a collaborative, open-source investing model to foster community and success.
Matrix Partners
Matrix Partners is a venture capital firm founded in 1977, investing across various technology sectors including software, communications, and semiconductors.
What's next for CloudZero?
The substantial enterprise-level funding, particularly the recent strategic investment, positions CloudZero for aggressive expansion and product development. This capital injection will likely fuel advancements in its AI-driven cost management capabilities, enabling more sophisticated automation and deeper insights for its clientele. The company is poised to solidify its leadership in the cloud cost optimization market, potentially exploring new verticals or enhancing its platform's integration with a wider array of cloud services and tools. This strategic backing signals strong investor confidence in CloudZero's ability to address the complex challenges of cloud financial management.
See full CloudZero company page
