Vega Cloud, a Liberty Lake, WA-based Software as a Service (SaaS) platform for enterprise cloud optimization, announced that it completed a $9 million equity and debt funding.
The round was led by Album VC and Sun Mountain Capital, with participation from Kick-Start, Incisive Ventures, Rudeen & Company, the Cowles Company, Tacoma Ventures, Tapas Capital, the Seattle Alliance of Angels, and other new and existing Vega investors.
The investment will allow Vega to scale up its product development and quickly meet the increasing market demand in the FinOps category, supporting the company's exponential growth.
With the funding, Vega will be able to provide clients with near real-time data to influence their spending and make intelligent trade-off decisions between cost, quality, and speed. Vega will also advance cloud optimization technology and interoperability, allowing clients to maximize their public cloud infrastructure investments and focus more time to their products and services.
"Despite many great efforts, cloud waste continues to grow and impact the bottom line of companies regardless of their size. It is time for a different approach to cloud optimization. With the support of highly motivated, successful investors who see the disruptive potential of Vega in the multi-cloud FinOps space, Vega can continue to help more companies to optimize their cloud usage and minimize their cloud spend," said Kris Bliesner, co-founder and Chief Executive Officer of Vega Cloud. "Our vision is to continue to help clients better understand cloud spend and surface areas to optimize and/or invest in to achieve their business outcomes while reducing costs."
Company: Vega Cloud, Inc.
Funding Month: October 2022
Lead Investors: Album VC and Sun Mountain Capital
Additional Investors: Kick-Start, Incisive Ventures, Rudeen & Company, the Cowles Company, Tacoma Ventures, Tapas Capital, and the Seattle Alliance of Angels
Company Website: https://www.vegacloud.io/
Software Category: Cloud Management Platform
About the Company: Founded in 2018, Vega Cloud is a startup tech company focused on helping people optimize their cloud management. The Vega Platform provides clients with a unified view of their cloud infrastructure across major providers, simplifying core optimization routines and focusing on what matters most: lowering the cost of cloud consumption. Vega Cloud unlocks the power of public cloud infrastructure, allowing businesses to innovate and deliver world-class products and services more efficiently. It combines scale management with speed and efficiency to drive business outcomes that align with key business goals. Vega Cloud headquarters is in Liberty Lake, Washington.