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Cloud cost optimization startup CloudZero closes $56M investment

  • CloudZero Inc. has secured $56 million in funding to enhance its software platform aimed at helping enterprises reduce cloud expenses.
  • The Series C round was led by BlueCrest Capital Management and Innovius Capital, with participation from other investors, bringing CloudZero's total funding to over $85 million.
  • CloudZero's platform automates the normalization of spending data and provides detailed breakdowns to help companies analyze and optimize their cloud costs efficiently.
  • The company plans to use the funding to expand partnerships, develop new platform features, including integrations with developer tools, and improve capabilities for forecasting cloud spending.

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