Vantage raises $4M in seed investment led by Andreessen Horowitz to help companies manage cloud costs.
Summary
Today were excited to share that Vantage has closed $4M of seed fundraising led by Andreessen Horowitz with additional participation from Brianne Kimmel, Stephanie Friedman, Julia Lipton, Jacqueline De La Rosa, Calvin French Owen, Ben Uretsky, Moisey Uretsky, Mitch Wainer, Justin Gage, Jeff Weinstein and Marc Bhargava Public cloud infrastructure and service costs are projected to be over $100B+ in 2021 and becoming increasingly more difficult to track, analyze, budget and forecast on. As organizations grow in cloud adoption, so too does the complexity of their underlying costs. In a recent Flexera report, it is estimated that up to 30% of cloud spend is waste. As organizations mature in their understanding and their accounting of cloud infrastructure spend, the use-cases and demands they have for accompanying software are also growing. Vantages mission is to build a suite of tools which make it easy for engineering, leadership and finance to analyze, collaborate on and optimize their cloud infrastructure costs.
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