# CloudCheckr

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

- Industry: Software
- Headquarters: Rochester, US
- Website: www.cloudcheckr.com
- Total disclosed funding: $67M
- Latest round: Series A (Aug 14, 2019)
- Investors on record: 3

## About

CloudCheckr Inc., based in the US, provides a comprehensive cloud management platform designed to optimize cloud investments, enhance governance, and ensure security compliance for enterprises and managed service providers.Founded in 2011 in Rochester, US, CloudCheckr Inc. specializes in cloud management solutions. The company has undergone strategic pivots to enhance its platform's capabilities and is currently led by CEO Tim McKinnon. The founder, Aaron Newman, has a history of entrepreneurship that contributes to the direction of the company. In October 2021, CloudCheckr raised USD 15.00 mn in a Series A funding round led by Level Equity, bringing its total amount raised to USD 15.00 mn and a current valuation of USD 141.685 mn. The company has engaged in 5 deals, with the latest deal occurring on October 4, 2021.CloudCheckr offers a cloud management solution focused on optimizing investments for large enterprises and managed service providers (MSPs). The platform provides in-depth visibility into cloud spend, resource utilization, and operational metrics, enabling organizations to make informed decisions that support growth. Key features include cost management, resource optimization, governance enhancement, and security compliance, supported by unique analytics and automation. CloudCheckr serves clients across the US, Europe, and Asia, managing approximately USD 4 billion in annual cloud spending, showcasing its adaptability to complex multi-cloud environments.CloudCheckr operates on a subscription-based revenue model, primarily targeting enterprise clients and MSPs. Its pricing structure is flexible, catering to various organizational sizes and cloud usage levels, with tailored plans for different sectors. Clients engage through monthly or annual subscriptions, which provide access to tools for effective cloud cost management, resource optimization, and compliance automation. This model supports transparent chargeback and showback processes, allowing enterprises to allocate spending accurately, fostering long-term customer partnerships.In October 2021, CloudCheckr was acquired by NetApp Inc., a move aimed at expanding the capabilities of the Spot by NetApp portfolio. The acquisition is expected to enhance CloudCheckr's product offerings and market reach. Future growth strategies include developing new products to improve cloud management functionalities and expanding into new geographic markets, with specific targets for growth in the coming years. The recent funding will support these initiatives, allowing for continuous improvement and adaptation in response to client needs.

## Funding rounds

- Series A, Aug 14, 2019, $15M — Level Equity
- Series A, Mar 20, 2017, $50M — Level Equity
- Series A, Apr 11, 2013, $2M — Genesee Investments, Garrison Investment Group

## Investors

- Genesee Investments — Series A
- Garrison Investment Group (https://capitalatlas.ai/funds/garrison-investment-group) — Series A
- Level Equity (https://capitalatlas.ai/funds/level-equity) — Series A