# CloudHealth Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cloudhealth-technologies

- Industry: Business Support Services
- Headquarters: Boston, US
- Website: www.cloudhealthtech.com
- Total disclosed funding: $86M
- Latest round: Series D (Jun 27, 2017)
- Investors on record: 6

## About

CloudHealth Technologies, Inc. specializes in multi-cloud cost management, offering advanced analytics and insights to help businesses optimize their cloud expenditures and resource allocation efficiently.CloudHealth Technologies, Inc. was founded in 2012 and is headquartered in Boston, US. The company operates as a standalone entity and was acquired by VMware, Inc. in October 2018 for approximately USD 500 mn. The acquisition reflects an expansion of VMware's cloud management capabilities. The company has successfully completed a total of 6 deals, with its most recent deal occurring on August 27, 2018, when VMware finalized its acquisition. The firm’s founder has not been publicly noted in available resources.VMware Tanzu CloudHealth is an industry-leading multi-cloud cost management platform designed to provide comprehensive insights and control over cloud expenditure. Its core offerings leverage advanced analytics and machine learning to enable organizations to optimize their cloud resource utilization and manage costs effectively. Key functionalities include custom dashboards for granular visibility, budget management tools that allow users to set and track financial expectations, and intelligent forecasting capabilities that account for various factors impacting cloud costs. These services cater to a diverse clientele, including over 22,000 customers worldwide, spanning multiple sectors such as information technology, finance, healthcare, and managed service providers (MSPs). The platform is actively utilized in major geographical markets including North America, Europe, and Asia-Pacific, thereby enabling businesses to make informed financial decisions and enhance operational efficiency across their cloud environments.VMware Tanzu CloudHealth operates on a subscription-based revenue model, providing businesses with flexible pricing structures tailored to their specific needs. Clients typically engage in annual subscriptions that grant access to the platform's extensive suite of features, facilitating efficient management of cloud costs and resource allocation. The pricing plans are designed to accommodate various organizational sizes and complexities, allowing for customizable solutions that align with each client's cloud strategy. Business transactions frequently involve direct partnerships with enterprises and MSPs, where the platform's capabilities help streamline billing operations and optimize cloud service delivery. By offering a comprehensive set of tools for financial oversight and operational efficiency, VMware Tanzu CloudHealth positions itself as an essential resource for organizations seeking to drive accountability and optimize spending in multi-cloud environments.Future growth plans for CloudHealth Technologies involve the continued development and enhancement of its cloud management products, with specific upcoming releases planned over the next year. The company aims to expand its market presence in Europe and Asia-Pacific by late 2023, utilizing recent funding from VMware's acquisition to support these initiatives. The strategic focus will be on enhancing product features and expanding customer engagement in these targeted regions.

## Funding rounds

- Series D, Jun 27, 2017, $46M — Kleiner Perkins, Meritech Capital Partners, Scale Venture Partners, Sapphire Ventures, .406 Ventures
- Series C, May 3, 2016, $20M — Scale Venture Partners, Sapphire Ventures, .406 Ventures, Sigma Prime Ventures
- Series B, Jan 21, 2015, $12M — Scale Venture Partners, .406 Ventures, Sigma Prime Ventures
- Series A, Jun 17, 2014, $3.2M — .406 Ventures, Sigma Prime Ventures
- Series A, Mar 12, 2013, $4.5M — .406 Ventures, Sigma Prime Ventures

## Investors

- .406 Ventures (https://capitalatlas.ai/funds/406-ventures) — Series A, Series B, Series C, Series D
- Sigma Prime Ventures (https://capitalatlas.ai/funds/sigma-prime-ventures) — Series A, Series B, Series C
- Scale Venture Partners (https://capitalatlas.ai/funds/scale-venture-partners) — Series B, Series C, Series D
- Sapphire Ventures (https://capitalatlas.ai/funds/sapphire-ventures) — Series C, Series D
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series D
- Meritech Capital Partners (https://capitalatlas.ai/funds/meritech-capital-partners) — Series D