New funding will help enterprises maximize AI profitability and create a unified standard for cloud business efficiency
BOSTON, May 28, 2025 /PRNewswire/ — CloudZero, the globally trusted leader in proactive cloud cost efficiency, today announced a $56 million Series C funding round following another year of triple-digit growth. The funding will accelerate the company’s mission to power efficient innovation for cloud-driven organizations. The round was led by BlueCrest Capital Management and Innovius Capital, with participation from Matrix Partners, Threshold Ventures, Underscore VC, and G20 Ventures. MongoDB also made a strategic investment.
The funding will fuel AI-driven research and development, expand CloudZero’s go-to-market efforts, and strengthen its partner ecosystem.
With cloud spending projected to reach $2 trillion by 2030 and AI workloads reshaping infrastructure needs, CloudZero helps enterprises scale efficiently, improve unit economics, and stay ahead of the curve.
“Organizations that optimize their cloud costs gain a competitive advantage, while those that neglect cost management risk limiting their growth and innovation,” said Michael Platt, founder and CEO of BlueCrest Capital Management. “CloudZero gives customers financial control and predictability in the cloud — helping them boost profit, eliminate surprises, and reinvest in the next wave of innovation in critical areas like AI.”
CloudZero helps modern engineering teams understand, control, and optimize their cloud and AI infrastructure costs — connecting cloud decisions directly to business outcomes.
“AI is redefining what’s possible — but without a deep understanding of cloud unit economics, innovation becomes unsustainable,” said Phil Pergola, CEO of CloudZero. “CloudZero is pioneering a new standard for cloud cost optimization, giving companies the precision they need to scale cloud and AI responsibly.”
Already trusted by many of the world’s largest organizations — like Coinbase, DraftKings, Expedia, Moody’s, and Nubank — CloudZero will use its Series C funding to accelerate:
- AI-driven cost analytics and forecasting
- Deeper integrations across developer and finance workflows
- Expansion of strategic partners and cloud alliances
“This was a perfect time to partner with CloudZero,” said Benjamin Cefalo, senior vice president of product management at MongoDB. “The future of FinOps goes far beyond simple cost-cutting — it’s about cloud business efficiency. CloudZero is the only player in the market that truly understands this and is actively innovating toward that broader vision.”
About CloudZero
CloudZero is the leader in proactive cloud cost efficiency. We enable engineers to build cost-efficient software without slowing down innovation. CloudZero’s next-generation cloud cost optimization platform automates the collection, allocation, and analysis of cloud costs to uncover savings opportunities and improve unit economics. We are the only platform that enables companies to understand 100% of their operational cloud spend and take an engineering-led approach to optimizing that spend. CloudZero is used by industry leaders worldwide, such as Coinbase, Klaviyo, Miro, Nubank, and Rapid7. Visit cloudzero.com to get started today.
SOURCE CloudZero