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CloudZero Raises $56M Series C To Redefine Cloud Cost Optimization In The AI Era

CloudZero announced a $56 million Series C funding round, after another year of triple-digit growth, to accelerate its mission of powering efficient innovation for cloud-driven organizations. The round was led by BlueCrest Capital Management & Innovius Capital, with participation from Matrix Partners, Threshold Ventures, Underscore VC, and G20 Ventures. MongoDB also made a strategic investment in the round.  
 
The funding will fuel AI-driven R&D, expand CloudZero's go-to-market efforts, and strengthen its partner ecosystem. 

As cloud spend races toward $2 trillion by 2030 and AI workloads reshape infrastructure needs, CloudZero enables enterprises to scale efficiently, improve unit economics, and stay ahead of the curve. 

"Organizations that optimize their cloud costs gain a competitive advantage, while those that neglect cost management risk limiting their growth and innovation," said Michael Platt, Founder and CEO of BlueCrest Capital Management. "CloudZero gives customers financial control and predictability in the cloud - helping them boost profit, eliminate surprises, and reinvest in the next wave of innovation in critical areas like AI." 

CloudZero helps modern engineering organizations understand, control, and optimize their cloud and AI infrastructure costs-connecting cloud decisions directly to business outcomes.  

"AI is redefining what's possible - but without a deep understanding of cloud unit economics, innovation becomes unsustainable," said Phil Pergola, CEO of CloudZero. "CloudZero is pioneering a new standard for cloud cost optimization, giving companies the precision they need to scale cloud and AI responsibly." 

Already trusted by many of the world's largest organizations - like Coinbase, DraftKings, Expedia, Moody's, and Nubank - CloudZero will use its Series C funding to accelerate: 

  • AI-driven cost analytics and forecasting
  • Deeper integrations across developer and finance workflows
  • Expansion of strategic partners and cloud alliances

"This was a perfect time to partner with CloudZero," said Benjamin Cefalo, senior vice president of product management at MongoDB. "The future of FinOps goes far beyond simple cost-cutting - it's about cloud business efficiency. CloudZero is the only player in the market that truly understands this and is actively innovating toward that broader vision." 

Published Wednesday, May 28, 2025 7:36 AM by David Marshall
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