CloudZero FinOps Certified Platform

For software-driven companies focused on growing margins, the CloudZero Cloud Cost Intelligence Platform translates cost data into a shared language for finance and engineering — answering the what, why, and when, rather than just how much. CloudZero AnyCost™ ingests 100% of cloud spend (IaaS, PaaS, SaaS) in real time, normalizes it in a common data model, and presents it in a single pane of glass. This gives every stakeholder the most complete, accurate, and granular source of truth. CloudZero’s tech relies on hourly cloud spend data to alert engineers of “abnormal” spend events (as identified by an AI algorithm). The platform ingests customers’ cloud, platform-as-service and software-as-a-service spend to normalize it into a common data model.

Led by Phil Pergola, CEO, CloudZero provides an intelligence platform that automates the collection, allocation, and analysis of cloud cost data to uncover savings opportunities and improve unit economics for organizations. It provides granular insights for any cloud provider and empowers software teams to collaboratively manage cloud spend down to how a specific product feature or customer impacts margin. This means engineering teams can see real-time, hourly data showing the consequences of software development decisions and can proactively optimize costs before waste occurs. CloudZero’s unique ability to provide granular insights for any cloud provider empowers software teams to collaboratively manage cloud spend down to how a specific product feature or customer impacts margin. This means engineering teams can see real-time, hourly data showing the consequences of software development decisions and can proactively optimize costs before waste occurs — something no other cost management solution can provide.

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It’s like having another member of your team — powered by the collective intelligence of every CloudZero customer. Engineers can even investigate costs themselves and see the cost impact of their work.

• Many of our customers have replaced their cloud cost management tools with CloudZero’s platform.
• “Despite the existence of first-generation cloud cost management solutions, the number one pain for FinOps professionals is consistently getting engineers to take action,” said Phil Pergola, CEO of CloudZero.
• Personalize which data points you want to see and create visualizations instantly.

While some special projects may require you to provide us with data, generally getting started requires very little effort. SeatGeek was able to save six to eight hours of investigation time per question about cost. Unlike other cost tools, CloudZero doesn’t charge based on a percentage of your savings. PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach. The solution is used by companies such as Demandbase, New Relic, Nubank, Rapid7, and Skyscanner. Pergola wouldn’t disclose revenue, but said that it’s increased 10x since 2021.

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That is why 73% of companies surveyed identify cloud costs as a board-level issue. To attempt to solve for this, CloudZero provides engineering teams with cost data in a unified dashboard, combining the data with different types of business- and system-level telemetry. All this is laid on top of cloud billing data, enabling CloudZero to answer questions, such as how much an individual product or feature costs. “Despite the existence of first-generation cloud cost management solutions, the number one pain for FinOps professionals is consistently getting engineers to take action,” said Phil Pergola, CEO of CloudZero. CloudZero CostFormation® combines billing and telemetry data to allocate every penny of taggable and untaggable spend — including shared resources, multi-tenant architecture, and Kubernetes. This enables software teams to understand what is driving their spend — customers, features, teams, microservices, etc. — and minimize time spent on manual tagging or in spreadsheets.

• While some special projects may require you to provide us with data, generally getting started requires very little effort.
• CloudZero doesn’t stand alone in the cloud cost optimization market, also known as FinOps — which isn’t exactly surprising given the huge market opportunity.
• With automated cost anomaly alerts in Slack, based on relevant cost dimensions like features and dev teams, teams can move fast and experiment with fast feedback and cost guardrails.
• With a powerful, flexible data model, CloudZero makes it possible to quickly align spend to your business.
• Unify all costs in a common data format, and determine exactly what it costs to deliver your customers value.

As part of the financing, CloudZero welcomes Justin Moore from Innovius Capital to its board of directors and Arpit Mittal from Threshold Ventures as a board observer. Erik Peterson co-founded CloudZero with Matt Manger nearly 10 years ago after identifying what he describes as an “intrinsic” connection between efficient architecture and cost-effective cloud solutions. The way Peterson sees it, every cloud engineering decision is essentially a buying one — yet the cost conversation often bypasses the engineers who drive these decisions. With a powerful, flexible data model, CloudZero makes it possible to quickly align spend to your business.

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Designed for engineering, CloudZero is simple, intuitive, and automated — enabling teams to decentralize cost data to engineering teams and build a culture of cost consciousness. With automated cost anomaly alerts in Slack, based on relevant cost dimensions like features and dev teams, teams can move fast and experiment with fast feedback and cost guardrails. Deep context and integrations with popular CI/CD tools help teams quickly explore and debug cost issues. In a world where every business is focused on driving cost savings, CloudZero is addressing one of the largest and most opaque expense buckets for modern organizations — cloud spend — which will reach nearly $600 billion worldwide in 2023.

On top of traditional cost optimization, CloudZero allows you to see costs in the metrics that matter most to your business — like unit cost, cost per customer, per feature, per product, COGS, and more. “Product and engineering leaders are under as much pressure as ever to deliver innovation, but now they are being asked to do so on leaner budgets,” said Josh Stein, co-founder and managing partner at Threshold Ventures. “CloudZero provides engineers with the right data at the right time to make cost-efficient decisions without disrupting their workflow or slowing down new feature delivery.” BOSTON, June 12, 2023 /PRNewswire/ — On the back of another year of triple-digit growth, CloudZero announced today that it closed $32 million in Series B funding to expand its cloud cost intelligence platform. The round was led by Innovius Capital and Threshold Ventures with continued support from existing investors Matrix Partners, Underscore VC, and G20 Ventures.

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From there, it only takes a few additional hours to uncover additional cost intelligence like unit cost, COGS, cost per customer, etc. Eliminate wasteful spending, ship efficient code, and innovate profitably — all in one platform. PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Personalize which data points you want to see and create visualizations instantly. The company intends to use the funds to expand platform features, advance its enterprise functionality, and scale headcount.

We empower the world’s engineers to build cost-efficient software without slowing down innovation. https://bookkeeping-reviews.com/cloudzero/‘s platform automates the collection, allocation, and analysis of cloud cost data to uncover savings opportunities and improve unit economics. Our unique approach ensures organizations have the most complete, accurate, and granular source of truth for their cloud costs. CloudZero is used by industry leaders worldwide, such as Demandbase, New Relic, Nubank, Rapid7, and Skyscanner.

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Meanwhile, the snappy and streamlined UI provides deep engineering context that makes it all super easy to investigate and explore. CloudZero, a Boston, MA-based cloud cost intelligence company, raises $32M in Series B funding. Unify all costs in a common data format, and determine exactly what it costs to deliver your customers value. With the new round of funding, CloudZero will expand platform features, advance its enterprise functionality, and scale headcount with the goal of helping more customers get the most value out of their cloud investments.

Whether CloudZero’s platform is actually “up-to-the-minute” and “instant” remains up for debate. For qualified accounts, we do offer a 30-day free trial where you can experience the power and capabilities of CloudZero’s cost intelligence platform. You can connect to the CloudZero platform in 10 minutes and start seeing value right away.

With over $5 billion in cloud costs currently under management, these differentiators are why customers ranging from leading startups to Fortune 500 companies rely on CloudZero to build cost-efficient software. “CloudZero has one of the most powerful cloud cost intelligence platforms on the market,” said Mike Rosenberg, senior director of engineering at Nubank. “As a fellow data-driven organization, CloudZero is a strong cultural fit for Nubank and we’re glad to partner with the team.” “Cost management is a challenge for every business that leverages the cloud. Most vendors in the market address small pieces of the overall problem, only providing surface-level insights into underlying cost drivers,” said Justin Moore, CEO of Innovius Capital. Operator of a cloud cost intelligence platform intended to make informed decisions at all phases of the cloud adoption lifecycle.

• Meanwhile, the snappy and streamlined UI provides deep engineering context that makes it all super easy to investigate and explore.
• Operator of a cloud cost intelligence platform intended to make informed decisions at all phases of the cloud adoption lifecycle.
• This allows organizations to align costs with meaningful business metrics, such as products, features, customers, and more — whether your tags are perfect or a total mess.

https://bookkeeping-reviews.com/ helps you organize your cloud cost into metrics like unit cost, cost per customer, cost per product feature, and more — without requiring tagging. Companies can get seamless COGS visibility, even on cloud-native architecture that can typically cause blindspots — such as Kubernetes, multi-tenancy, microservices, Snowflake, and more. The CloudZero Cloud Cost Intelligence Platform provides granular cloud cost visibility, across flexible, business-centric dimensions, without the typical pitfalls of cloud cost management. CloudZero puts engineering in control of cloud cost, by connecting technical decisions to business results.