Yotascale, a Menlo Park, CA-based cloud cost management software provider, secured $13m in Series B funding.
The round, which brought total capital raised to date to $25m, was led by Felicis Ventures’ Aydin Senkut, alongside existing investors, Crosslink Capital, Pelion Ventures, and Engineering Capital.
The company intends to use the funds to continue to expand operations and its business reach.
Led by CEO Asim Razzaq, Yotascale provides engineering teams with a software platform to optimize spend for their cloud workloads and applications (e.g., Amazon Web Services and Azure) based on unified cost management, collaborative cost optimization, and predictive capacity planning. The company has been adopted by Fortune 1000 companies globally, such as Zoom Video Conferencing, Hulu, and Doordash.