Cloud Capital: Serial SaaS Founders Raise $7.7M to Put CFOs Back in Control of Cloud Spend
Summary
It helps companies forecast usage, unlock savings, and eliminate the financial risk of long-term commitments.Founded by Edward Barrow (CEO), Spencer Pingry (CTO), and Zack Liscio (CPO) the team behind Idio, Zaius, and Naytev the trio met at Optimizely, where they experienced the complexity of cloud cost management at scale. Their model relies on long-term contracts, shifting financial risk to buyers.Cloud is now the second-largest expense after headcount: 6% - 12% of revenue in SaaS, and up to 30% - 40% in AI-native firms\xb3. "Cloud has always been a massive cost center but, with AI workloads driving usage through the roof, its now the least controlled line item on the P&L," said Zack Liscio, Co-founder & CPO. "Unlike traditional tools we take a 100% FinTech approach, treating cloud like a financial asset and quantifying commitment risk. "Cloud Capital raised a $2.3M pre-seed round led by Connect Ventures, with top FinTech angels.