CloudZero, a Boston, Massachusetts–based cloud cost optimization platform, has raised $56 million in Series C funding.
Investors
The round was led by BlueCrest Capital Management and Innovius Capital, with participation from Matrix Partners, Threshold Ventures, Underscore VC, G20 Ventures, and a strategic investment from MongoDB.
BlueCrest Capital Management is a global investment management firm founded in 2000, specializing in alternative asset management with a focus on fixed-income and macro trading strategies. It is headquartered in London, with offices in Jersey, Geneva, Dubai, New York, Miami, and Singapore.
Innovius Capital is a venture capital firm based in San Francisco that focuses on investing in innovative companies at the Series B stage, particularly in the SaaS and FinTech sectors. Beyond financial investment, Innovius Capital provides operational support to help companies scale effectively.
CloudZero Use of Funds
The company will use the funding to accelerate its AI-driven R&D, expand go-to-market efforts, and strengthen its strategic partner ecosystem.
About CloudZero
Led by CEO Phil Pergola, CloudZero is a company specializing in proactive cloud cost efficiency. It offers a cloud cost optimization platform designed to help organizations optimize their cloud spending by providing real-time visibility and actionable insights into their expenditures. The platform automates the collection, allocation, and analysis of cloud costs, uncovering savings opportunities and improving unit economics. Headquartered in Boston, CloudZero serves major enterprises such as Coinbase, Expedia, and DraftKings.
Funding Details
Company: CloudZero, Inc.
Raised: $56.0M
Round: Series C
Funding Date: May 2025
Lead Investors: BlueCrest Capital Management, Innovius Capital
Additional Investors: Matrix Partners, Threshold Ventures, Underscore VC, G20 Ventures, MongoDB
Company Website: https://www.cloudzero.com/
Software Category: Cloud Cost Optimization
Source: https://www.cloudzero.com/press-releases/20250528/