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."