Cloud cost management startup CloudZero lands $32M investment

CloudZero, a cloud cost management startup, today announced that it raised $32 million in a Series B funding round led by Innovius Capital and Threshold Ventures.
Bringing the company’s total raised to over $52 million, the tranche will be put toward expanding CloudZero’s platform and scaling its go-to-market efforts, CEO Phil Pergola says — with an emphasis on savings insights and self-service analytics.
“The pandemic accelerated digital transformation for many companies, which increased software development and spend in the public cloud, while the broader slowdown in tech increased the focus on profitability and unit economics and drove a shift away from …