Whether you’re streaming a movie on Netflix, collaborating with co-workers on a project, or running an artificial intelligence (AI) model, most likely you’re using cloud computing. Cloud computing is how many businesses and individuals today store, process and manage data. But what exactly is cloud computing, how does it work and why is it important?. Cloud computing is the delivery over the internet of computing services, including servers, storage, databases, networking, software and analytics for users to access. This means users don’t need to own and maintain their IT hardware and software

Cloud cost efficiency leader expands customer base and workforce, sees 200% increase in partner-generated revenue, and delivers major innovations and award winsBOSTON, March 11, 2025 /PRNewswire/ -- CloudZero, the globally trusted leader in proactive cloud cost efficiency, achieved its fourth consecutive year of triple-digit revenue growth in 2024, driven by significant customer and partner expansion, along with a growing international workforce. As the market leader in next-generation cloud cost optimization, the company enters its new fiscal year poised for continued momentum.Financial and operational highlights from the last fiscal year include:Grew revenue by more than 100%, marking the fourth consecutive year of triple-digit growth.Significantly expanded our enterprise customer base, adding key customers such as DraftKings, Expedia, Grammarly, Moody's, PetSmart, and Twilio.Increased cloud spend under management by 124% year over year, with many customers managing over $50 million in annual cloud and SaaS spending across multiple providers.in annual cloud and SaaS spending across multiple providers. Expanded our sales and customer success teams in Europe , India , and Latin America to better support global customers; opened a Boston headquarters and collaboration center., , and to better support global customers; opened a headquarters and collaboration center. Grew employee headcount by 70%, including the hiring of a new senior vice president of product, Anand Sundaram , former CTO of SmartBear.Product and service milestones include shipping more than 98 enhancements:Launched a drag-and-drop unit economics UI and a more extensive API — beloved customer features that improve access to unit economics.Strengthened Kubernetes support for GCP and Azure while adding AWS ECS and EKS SCAD, further extending CloudZero's market lead in shared cost allocation.Increased the number of native optimization insights for AWS, Azure, and GCP, and integrated with GCP Recommender to create a unified source for all anomalies and insights.Introduced CloudZero Intelligence, an advanced AI system that enhances our core platform, and launched CloudZero Advisor , a free tool for predicting and optimizing cloud infrastructure costs., a free tool for predicting and optimizing cloud infrastructure costs. Debuted CloudZero Academy as the go-to learning hub for cloud cost efficiency.Partner updates include:Became a MongoDB Technology Partner and launched an enhanced integration, making CloudZero the first and only cloud cost solution in the MongoDB Partner Ecosystem.Joined the Databricks Partner Program and released a new integration, becoming the only validated cloud cost optimization partner for Databricks.Increased our investment in the FinOps Foundation and joined its governing board.Deepened hyperscaler relationships, securing a spot on the AWS Partner Advisory Board for the second consecutive year and enabling transactions for customers buying through the GCP Marketplace.As a result, partner-generated revenue grew more than 200% year over year, with partners influencing over 50% of closed deals. These gains highlight CloudZero's commitment to deepening integrations and accelerating go-to-market efforts through strategic alliances.CloudZero also earned several industry accolades last year:Winner of the 2024/2025 Cloud Award for Cloud Management Solution of the Year.Named a Strong Performer in The Forrester Wave™: Cloud Cost Management and Optimization Solutions, Q3 2024.Recognized as a Visionary in the Gartner Magic Quadrant for Cloud Financial Management Tools.Named to the 2024 Best Places to Work List by the Boston Business Journal.Corey Heady, vice president of business finance at Acquia, said, "CloudZero has consistently delivered on its roadmap, introducing high-value capabilities that unlock new ways to measure and monitor success