Cloud Cost Management Provider Cloudability Closes $24M Series B Funding

cloudabilityCloudability, a Portland, Oregon-based cloud cost management provider, closed a $24M Series B round of funding.

The round was led by the Foundry Group Select Fund.

The company, has raised over $40M to date from Foundry Group, Techstars, 500 Startups, Trinity Ventures and First Round Capital.

Led by Mat Ellis, CEO, Cloudability specializes in cloud cost management tools and services that enable companies running on public cloud services, like Amazon Web Services and Microsoft Azure to manage and direct cloud spending across departments, products and infrastructure.

The solution is used by General Electric, Uber, Atlassian, etc.




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