# Cloudability

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cloudability

- Industry: Software
- Headquarters: Portland, US
- Website: www.cloudability.com
- Total disclosed funding: $26M
- Latest round: Series B (Sep 8, 2016)
- Investors on record: 10

## About

Cloudability Inc. is a cloud cost management and optimization platform that helps organizations manage and optimize their cloud spending through advanced analytics and resource management features.Founded in 2011 and headquartered in Portland, US, Cloudability Inc. specializes in cloud financial management solutions. The company has undergone significant strategic shifts to enhance its offerings. In May 2019, Cloudability was acquired by Apptio, Inc., a subsidiary of Vista Equity Partners, completing the deal shortly after its announcement. The founders remain integral to the company's ongoing operations and strategy.Cloudability provides a comprehensive cloud cost management and optimization solution that empowers organizations to fully leverage their cloud investments. The platform delivers robust analytics and actionable recommendations, enabling teams to manage costs across multiple cloud providers effectively. Key features include detailed cost insights, anomaly detection, resource right-sizing, and seamless integration with popular cloud platforms, catering to a diverse clientele that includes major corporations and public sector organizations across North America, Europe, and Asia-Pacific.Cloudability operates on a subscription-based model, where clients choose from various service tiers tailored to their FinOps needs. This structure ensures a predictable revenue stream, with offerings ranging from Essentials for foundational financial management to Premium for advanced functions. Each tier is designed to meet specific user requirements, facilitating direct-to-business engagements and optimizing cloud expenditure management across organizations.With the completion of the acquisition in May 2019, Cloudability plans to leverage the resources of Apptio to enhance its offerings and expand its market presence. The recent funding will be allocated towards developing new product features aimed at improving cloud financial management capabilities. Additionally, Cloudability aims to penetrate new geographic markets in Europe and Asia-Pacific by 2023 to widen its customer base and adapt its solutions to meet diverse regional needs.

## Funding rounds

- Series B, Sep 8, 2016, $16M — Peninsula Ventures, Founders Fund, Foundry Group, 10Branch
- Series A, Jul 2, 2012, $8.7M — Trinity Ventures, Foundry Group, 500 Global, Portland Seed Fund, SK Ventures, Wieden+Kennedy
- Seed, Dec 22, 2011, $1.1M — Walden Catalyst, Trinity Ventures

## Investors

- Walden Catalyst (https://capitalatlas.ai/funds/walden-catalyst) — Seed
- Trinity Ventures (https://capitalatlas.ai/funds/trinity-ventures) — Seed, Series A
- Foundry Group (https://capitalatlas.ai/funds/foundry-group) — Series A, Series B
- 500 Global (https://capitalatlas.ai/funds/500-global) — Series A
- Portland Seed Fund (https://capitalatlas.ai/funds/portland-seed-fund) — Series A
- SK Ventures — Series A
- Wieden+Kennedy — Series A
- Peninsula Ventures (https://capitalatlas.ai/funds/peninsula-ventures) — Series B
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series B
- 10Branch — Series B