Company:CloudZero

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CloudZero
TypePrivate
IndustryCloud computing, SaaS, software
Founded2016
HeadquartersBoston, Massachusetts, United States
Key people
Erik Peterson (Co-Founder and CTO), Matt Manger (Co-Founder), Phil Pergola (CEO)[1]
ServicesCloud cost intelligence, cloud cost management
Websitehttps://www.cloudzero.com/

CloudZero, Inc. is a software-as-a-service company based in Boston, Massachusetts.[2][3][4] It provides a cloud cost intelligence platform and cloud cost management services.[5][6][7]

History

CloudZero was founded in 2016 by Erik Peterson and Matt Manger.[8] Prior to its inception, both founders had worked together at the application security company Veracode.[9]

Since its founding, CloudZero has been closely tied with Amazon Web Services (AWS)[10] and became an AWS Advanced Technology Partner in 2017.[11] In 2017, CloudZero announced the open source project CloudZero Reactor for AWS, which used the CloudZero platform to model an IT system's surface.[4]

CloudZero is certified by the FinOps Foundation.[12] CloudZero is also one of the companies participating in the steering committee for FOCUS (FinOps Open Cost and Usage Specification), a FinOps Foundation project that aims to establish a common spec for cloud cost, usage, and billing data.[13] 

CloudZero has partnered with organizations such as ProsperOps and Xosphere to help customers build cost-efficient software.[14]

Software and Services

CloudZero refers to its services as cloud cost intelligence.[5][15] CloudZero helps users understand and manage cloud costs by analyzing cost data and tracking the real-time cost impacts of engineering events.[15][16]

CloudZero’s cost platform is a software-as-a-service (SaaS) solution that is built on AWS.[17] CloudZero uses machine learning algorithms to observe, learn, and automatically adjust to and alert clients about any unusual cost changes in their cloud systems down to the hour.[18]

The CloudZero platform offers the ability to analyze and group previously untagged cloud resources[19][20] and helps companies understand and optimize their AWS spending.[11] It does this by ingesting billing data from AWS, as well as information about engineering activity and resources, to provide hourly insights into AWS costs and what caused them.[21] In addition to AWS, CloudZero is also capable of tracking cost and usage data from other cloud and service providers such as Microsoft Azure, Google Cloud Platform (GCP), Snowflake, Datadog, New Relic, MongoDB, and Databricks.[15][22]

Elements of CloudZero’s platform include CloudZero AnyCost, which normalizes all of a user’s cloud spend in a common data model, and CloudZero CostFormation, which uses billing and telemetry information to allocate all taggable and untaggable spend, including shared resources and multi-tenant architecture.[23]

CloudZero also has a cost per customer feature that enables SaaS companies to measure their monthly costs for each customer.[24] The company also allows companies using Kubernetes in their AWS and GCP environments to allocate costs within their Kubernetes clusters.[25][26]

In 2023, CloudZero launched Analytics, an automated cloud cost analytics feature that allows CloudZero users to visualize cloud costs related to short- and/or long-term strategic objectives.[27]

References

  1. ↑ "CloudZero nabs $32m investment in new era for cloud cost management". 13 June 2023. https://fintech.global/2023/06/13/cloudzero-nabs-32m-investment-in-new-era-for-cloud-cost-management/. 
  2. ↑ "CloudZero nabs $32m investment in new era for cloud cost management" (in en-GB). 2023-06-13. https://fintech.global/2023/06/13/cloudzero-nabs-32m-investment-in-new-era-for-cloud-cost-management/. 
  3. ↑ "CloudZero raises $32M to nearly double size of team". 2023-06-03. https://www.bizjournals.com/boston/news/2023/06/12/cloudzero-series-b-funding.html. 
  4. ↑ 4.0 4.1 "Cloud computing startup CloudZero to beef up its enterprise cloud offerings" (in en). 2017-10-11. https://us.blastingnews.com/business/2017/10/cloud-computing-startup-cloudzero-to-beef-up-its-enterprise-cloud-offerings-002083193.html. 
  5. ↑ 5.0 5.1 "What does your cloud cost? CloudZero raises $32M to help businesses answer this question and reduce spend" (in en-US). 2023-06-12. https://venturebeat.com/data-infrastructure/what-does-your-cloud-cost-cloudzero-raises-32m-to-help-businesses-answer-this-question-and-reduce-spend/. 
  6. ↑ Mok, Aaron. "8 companies $53 billion Atlassian could buy to beat the market downturn and gain an edge on rival ServiceNow" (in en-US). https://www.businessinsider.com/8-companies-analysts-say-53-billion-atlassian-could-buy-2022-8. 
  7. ↑ "The 16 Best Cloud Cost Analysis Tools & Platforms for 2024" (in en-US). https://solutionsreview.com/cloud-platforms/the-best-cloud-cost-analysis-tools-platforms/. 
  8. ↑ Wiggers, Kyle (2023-06-12). "Cloud cost management startup CloudZero lands $32M investment" (in en-US). https://techcrunch.com/2023/06/12/cloud-cost-management-startup-cloudzero-lands-32m-investment/. 
  9. ↑ "Increasing Dependence on the Cloud Requires Increasing Trust in the Cloud" (in en-US). 2017-10-11. https://underscore.vc/blog/increasing-dependence-on-the-cloud-requires-increasing-trust-in-the-cloud/. 
  10. ↑ "CloudZero Helps Companies Optimize Their AWS Spending" (in en-US). 2021-01-05. https://aws.amazon.com/blogs/startups/aws-cost-optimization-cloudzero/. 
  11. ↑ 11.0 11.1 "AWS Cost Management adds anomaly detection" (in en). https://www.techtarget.com/searchcloudcomputing/news/252489983/AWS-Cost-Management-adds-anomaly-detection. 
  12. ↑ Desk, AIT News (2022-06-17). "CloudZero Platform Now Certified By FinOps Foundation" (in en-US). https://aithority.com/it-and-devops/cloud/cloudzero-platform-now-certified-by-finops-foundation/. 
  13. ↑ Lardinois, Frederic (2023-05-03). "The FinOps Foundation launches FOCUS, a new spec for sharing cloud cost data" (in en-US). https://techcrunch.com/2023/05/03/the-finops-foundation-launches-focus-a-new-spec-for-sharing-cloud-cost-data/. 
  14. ↑ Bureau, E. T. (2022-04-27). "CloudZero Delivers Uptaded Tools To Assist Customers Minimize Cloud Waste" (in en-US). https://enterprisetalk.com/news/cloudzero-delivers-uptaded-tools-to-assist-customers-minimize-cloud-waste/. 
  15. ↑ 15.0 15.1 15.2 "Cloud cost intelligence platform CloudZero raises $32M" (in en-US). 2023-06-12. https://siliconangle.com/2023/06/12/cloud-cost-intelligence-platform-cloudzero-raises-32m/. 
  16. ↑ "Cloud cost-cutting player CloudZero raises $32m" (in en). 2023-06-16. https://www.iteuropa.com/news/cloud-cost-cutting-player-cloudzero-raises-32m. 
  17. ↑ "AWS Cost Management adds anomaly detection | TechTarget" (in en). https://www.techtarget.com/searchcloudcomputing/news/252489983/AWS-Cost-Management-adds-anomaly-detection. 
  18. ↑ "37 Machine Learning Companies You Should Know | Built In" (in en). https://builtin.com/artificial-intelligence/machine-learning-companies. 
  19. ↑ "Forrester: Why tagging should be used to manage hybrid assets" (in en). https://www.computerweekly.com/feature/Forrester-Why-tagging-should-be-used-to-manage-hybrid-assets. 
  20. ↑ Kelly, Will (2022-12-26). "The fundamentals of Kubernetes cost management" (in en). https://www.infoworld.com/article/3683292/the-fundamentals-of-kubernetes-cost-management.html. 
  21. ↑ "Improving Dataset Query Time and Maintaining Flexibility with Amazon Athena and Amazon Redshift" (in en-US). 2020-01-15. https://aws.amazon.com/blogs/apn/improving-dataset-query-time-and-maintaining-flexibility-with-amazon-athena-and-amazon-redshift/. 
  22. ↑ "Best cloud cost management service of 2023" (in en). 2023-07-31. https://www.techradar.com/pro/best-cloud-cost-management-service-of-year. 
  23. ↑ "CloudZero Helps Customers Get the Most Value Out of Cloud Investments". June 23, 2023. https://cloud-computing.tmcnet.com/breaking-news/articles/456274-cloudzero-helps-customers-get-most-value-out-cloud.htm. 
  24. ↑ Kasam, Apoorva (2023-06-21). "Top Cloud Cost Management Tools" (in en-US). https://enterprisetalk.com/featured/cloud-cost-management-tools-2023/. 
  25. ↑ Kelly, Will (2022-12-26). "The fundamentals of Kubernetes cost management" (in en). https://www.infoworld.com/article/3683292/the-fundamentals-of-kubernetes-cost-management.html. 
  26. ↑ "Reduce Kubernetes spend with these 10 Kubecost alternatives | TechTarget" (in en). https://www.techtarget.com/searchitoperations/tip/Reduce-Kubernetes-spend-with-these-10-Kubecost-alternatives. 
  27. ↑ "CloudZero Unveils Analytics: BI Feature for Optimized Cloud Cost Management" (in en-US). 2023-06-29. https://hostingjournalist.com/cloudzero-unveils-analytics-bi-feature-for-optimized-cloud-cost-management/. 



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