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.