Cloud Cost Management Provider Cloudability Closes $24M Series B Funding
Summary
Cloudability, a Portland, Oregon-based cloud cost management provider, closed a $24M Series B round of funding.The round was led by the Foundry Group Select Fund.The company, has raised over $40M to date from Foundry Group, Techstars, 500 Startups, Trinity Ventures and First Round Capital.Led by Mat Ellis, CEO, Cloudability specializes in cloud cost management tools and services that enable companies running on public cloud services, like Amazon Web Services and Microsoft Azure to manage and direct cloud spending across departments, products and infrastructure.The solution is used by General Electric, Uber, Atlassian, etc.
Funding
Amount
$24.0M
Total raised
Date
June 6, 2016
Announcement date
Investors
Peninsula Ventures, Cloudability, 10 Branch LLC, Foundry Group
Lead investors
Company
http://www.cloudability.com
Funded company
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applications
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Linked Companies
Attribo
$1M to $5M
Cloudability
$1M to $5M