CloudZero raises $32M

 

Cloud cost management startup CloudZero announced a $32M Series B, bringing the total raised to $52M.  The company sees an opportunity in the digital business' struggle with visibility and control of cloud costs. CloudZero has over 100 customers. While the company did not disclose its revenue, it claims to have grown 10x since 2021. The round was led by Innovius Capital and Threshold Ventures, with participation from G20 Ventures, Underscore VC, and Matrix Partners. According to an IDC survey, cloud spending comprises 32% of IT budgets. In February, ProsperOps, which focuses on cloud savings optimization, raised $72M.