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About Cloudzero
Industries
Enterprise Software
AI & Machine Learning
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$55.6M
Headquarters
Boston, Massachusetts
Founded
2016
Overview
CloudZero specializes in managing and optimizing cloud costs for businesses. Its platform allows users to monitor and reduce their spending on cloud services from providers like AWS, GCP, and Azure. By integrating with these services, CloudZero provides real-time analytics that help businesses understand their cost drivers and identify savings opportunities. Unlike many competitors, CloudZero offers detailed cost metrics without needing perfect resource tagging, making it easier for users to gain insights. The platform also uses AI to enhance its analytics, providing actionable recommendations. CloudZero operates on a subscription model, with clients typically seeing a significant reduction in cloud costs within the first year. The company's goal is to help businesses achieve financial transparency and efficiency in their cloud usage.
Simplify's Take
What believers are saying
- CloudZero's AI system, CloudZero Intelligence, attracts clients interested in AI-driven cost optimization.
- Recognition as a Visionary in Gartner's Magic Quadrant boosts market reputation and client attraction.
- CloudZero Academy increases customer engagement with educational resources and certifications.
What critics are saying
- Emergence of competitors like Espresso AI could challenge CloudZero's market position.
- Rapid AI technology evolution may outpace CloudZero's current offerings.
- Reliance on partnerships like Databricks poses risks if partners develop own solutions.
What makes Cloudzero unique
- CloudZero offers unique integrations with MongoDB Atlas and Databricks for specialized cost optimization.
- The platform provides detailed cost metrics without requiring perfect resource tagging.
- CloudZero Intelligence enhances predictive capabilities with AI-driven cost optimization insights.
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Funding
Total Funding
$55.6M
Meets
Industry Average
Funded Over
5 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Company Equity
401(k) Retirement Plan
Flexible Work Hours
Paid Vacation
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -1%2 year growth
↓ -5%Granular cloud cost visibility ensures financial sustainability for AI-powered organizationsBOSTON, Jan. 30, 2025 /PRNewswire/ -- CloudZero, the global leader in cloud cost efficiency, is enabling organizations to gain unparalleled visibility into their AI spending, a critical need as AI adoption continues to expand. In the early stages of experimentation, businesses may write off AI costs as research and development, but as these initiatives mature, the costs tied to successful AI-driven products will significantly impact companies' cost of goods sold (COGS) and gross margins. As pressure rises for companies to justify AI-related spending, robust cloud cost visibility will be essential for informed decision-making.CloudZero helps customers maximize the profitability of their AI investments by providing the visibility required to track, optimize, and control expenses related to AI. By connecting AI spending to business outcomes, organizations can measure their return on investment (ROI), scale operations efficiently, and maintain financial accountability throughout the entire AI development cycle. With clear insights into costs and returns, businesses can make informed decisions that drive efficiency and ensure their AI initiatives successfully reach the market with a sustainable, long-term impact.How CloudZero Delivers AI Cost VisibilityUnderstand AI Cost And Usage: CloudZero provides organizations with precise visibility into their generative AI costs
CloudZero Intelligence, an advanced AI system, enhances CloudZero's core platform and powers Advisor, a free tool for predicting and optimizing cloud infrastructure costs. BOSTON, Dec. 3, 2024 /PRNewswire/ -- CloudZero, the globally trusted leader in proactive cloud cost efficiency, announced today the launch of CloudZero Intelligence — an AI system powering CloudZero Advisor, a free, publicly available tool that uses conversational AI to help businesses accurately predict and optimize the cost of cloud infrastructure. CloudZero Intelligence is built on eight years of cloud optimization and usage data, transforming how companies deploy and optimize cloud resources while ensuring the privacy, security, and integrity of customer data. Powered by advanced AI technology from Anthropic and AWS, CloudZero Intelligence leverages CloudZero's extensive dataset to provide actionable insights into complex cloud efficiency challenges
Cloud cost optimization leader launches vendor-supported education, knowledge, and training center. BOSTON, Nov. 21, 2024 /PRNewswire/ -- CloudZero, the globally trusted leader in proactive cloud cost efficiency, announced today the launch of CloudZero Academy, a self-service learning hub with tutorials, webinars, office hours, and more to help FinOps practitioners master cloud cost management and optimization. CloudZero aims to empower organizations with the knowledge and tools necessary to maximize the value of their cloud investment. CloudZero Academy is designed to be the exclusive go-to learning hub for customers and partners. Along with a massive library of resources available to all customers at no cost, CloudZero Academy also offers paid, premium courses and certifications to provide advanced training and in-depth knowledge for customers seeking specialized expertise
CloudZero ingests, normalizes, and optimizes MongoDB Atlas spend alongside all other cloud, PaaS, and SaaS spending, and is now included in the MongoDB Partner Ecosystem. BOSTON, Nov. 14, 2024 /PRNewswire/ -- CloudZero, the globally trusted leader in proactive cloud cost efficiency, announced today its official status as a validated MongoDB technology partner, making it the first and only cloud cost management and optimization platform available in the MongoDB Partner Ecosystem. As part of this partnership, CloudZero has developed a brand new in-platform MongoDB Atlas integration that makes it easier for customers to visualize and understand their MongoDB spend. MongoDB Atlas is the leading multi-cloud developer data platform, and millions of developers and more than 50,000 customers — including 70% of the Fortune 100 and leading global enterprises — rely on MongoDB for a wide variety of applications. The new CloudZero-MongoDB integration allows CloudZero customers to connect to their MongoDB Atlas instance quickly to seamlessly ingest cost and usage data without having to run or manage any additional systems
CloudZero named A Visionary in the 2024 Gartner(R) Magic Quadrant(TM) for Cloud Financial Management Tools.
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About Cloudzero
Industries
Enterprise Software
AI & Machine Learning
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$55.6M
Headquarters
Boston, Massachusetts
Founded
2016
Cloudzero is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today