Usage.AI, a NYC-based leader in identifying cloud savings, raised $9m in funding.
The round was led by Amity Ventures and existing investors TenVC, JAM Fund and Backend Capital.
The company intends to use the funds to expand its product roadmap and ship new features and products.
Led by Kaveh Khorram, founder and CEO, Usage.AI provides a savings platform that includes multiple modules covering a customer’s compute and database services, allowing organizations to consolidate their cloud savings program to a single solution that is built natively for the cloud.
Usage.AI scans every layer of a customer’s cloud environment to provide complete visibility, and uses its Autopilot software to identify and implement the savings with zero code change, zero downtime, and zero risk.
The company serves over 300+ global enterprises including Deel, Zumba, EVGo, FabFitFun, Secureframe, and Motive.
FinSMEs
12/09/2023