The Lighter Side Of The Cloud – Transformation
The Lighter Side Of The Cloud – Big Broadband
The Lighter Side Of The Cloud – The Cloud Lecture
The Lighter Side Of The Cloud – Thunderstorm
The Lighter Side Of The Cloud – PRISM

Cloudability Closes $1.1 Million Investment Round

Cloudability Closes $1.1 Million Investment Round

Led by Trinity Ventures and Walden VC, Seed Financing Will Enable Cloudability to Meet a Growing Demand for the Management of Cloud Costs and Services

PORTLAND, OR – December 22, 2011Cloudability, the easy way to manage and monitor all of your cloud costs in one place, today announced that it has closed a Seed investment round of $1.1 million, led by Trinity Ventures and Walden VC. The round also includes $255K in funding from a local consortium of Portland –based angel investors, or over half of the angel money in the round. Cloudability will use the Seed round to expand its engineering team, accelerate platform development and additional cloud-service integrations, and strengthen its position as the leading choice for businesses to manage their cloud costs and services.

Cloudability addresses the growing need to increase efficiency of cloud-use and provide cloud users with a simple way to monitor cloud costs, helping them avoid unnecessary overages and unused instances. Part of the Amazon Web Service (AWS) Solution Provider program, Cloudability offers access to cloud billing and usage data from over 80 providers like AWS, Rackspace and Heroku via an API, and connect that to any business, financial system or web app they choose.

Cloud usage continues to grow rapidly across industries – few companies are left that haven’t adopted cloud services in some form by now,” said Mat Ellis, CEO and co-founder of Cloudability. “We give our customers peace of mind that they’re protected from overages. We’re thrilled that our investors see the value in our services and the opportunity for tremendous growth in our business over the coming year.”

Cloud computing continues to see massive adoption as the trend democratizes IT across all verticals and market segments,” said Karan Mehandru at Trinity Ventures. “While cloud services are meant to make business operations easier, flexible and more affordable, they often end up doing just the opposite. Cloudability makes it possible for any company to run cloud services, and makes managing and monitoring those services easier than ever before.

Since its beta launch Cloudability has signed up over 1,000 active companies to the platform, and is currently managing over $21 million in cloud spend. To learn more about Cloudability and begin maximizing the efficiency of cloud services today, visit cloudability.com.

About Cloudability

Cloudability is the easy way to manage and monitor all of your cloud costs in one place. Cloudability aggregates cloud expenditures into accessible and comprehensive reports to understand and manage costs, reduce waste, and identify opportunities for cost savings with alerts and efficiency recommendations. As a member of the Amazon Web Services Solution Provider program, Cloudability supports over 80 Cloud service providers, and offers JSON and XML APIs for connecting cloud billing and usage data to any business or financial system. Cloudability is based in Portland, Oregon, and was founded in 2011 by Mat Ellis, J.R. Storment and Jon Frisby. The company is backed by Trinity Ventures, Walden VC, and a local consortium of Portland-based angel investors. For more for information, visit www.cloudability.com.

Follow Us!

CloudTweaks

Established in 2009, CloudTweaks.com is recognized as one of the leading authorities in cloud computing information. Most of the excellent CloudTweaks articles are provided by our own paid writers, with a small percentage provided by guest authors from around the globe, including CEOs, CIOs, Technology bloggers and Cloud enthusiasts. Our goal is to continue to build a growing community offering the best in-depth articles, interviews, event listings, whitepapers, infographics and much more...
Follow Us!

Sorry, comments are closed for this post.

Recent

Cloud Vendor Benchmark 2015: Price-Performance Comparison

Cloud Vendor Benchmark 2015: Price-Performance Comparison

Cloud Vendor Benchmark 2015: 15 Top IaaS Providers  Cloud Spectator has released their Cloud Vendor Benchmark 2015 Part 2: Price-Performance Comparison Among 15 Top IaaS Providers today, cited as the industry’s most comprehensive study. Exposing the influence that performance can have on the overall value of the IaaS environment, this report is aimed at helping…

Finland and The Future of The Internet

Finland and The Future of The Internet

Finlands Internet Future In so many ways, the nations of Northern Europe seem to be a few steps ahead of the rest of the world – countries like Norway, Sweden, Denmark, and Finland are frequently singled out for praise in areas as diverse as education, technology, and sheer happiness (despite the grey skies and bitter…

Technologies That Work Nicely With The Cloud

Technologies That Work Nicely With The Cloud

New Technologies And The Cloud Asides from all the security concerns that has been in the news over the past while, there are still some very exciting and ambitious opportunities available for those who stick it out. Lets take a look at some of the more exciting emerging technologies that can be used in conjunction…

Popular Archives

New Report Finds 1 Out Of 3 Sites Are Vulnerable To Malware

New Report Finds 1 Out Of 3 Sites Are Vulnerable To Malware

1 Out Of 3 Sites Are Vulnerable To Malware A new report published this morning by Menlo Security has alarmingly suggested that at least a third of the top 1,000,000 websites in the world are at risk of being infected by malware. While it’s worth prefacing the findings with the fact Menlo used Alexa to…

Cloud Infographic – What Is The Internet of Things?

Cloud Infographic – What Is The Internet of Things?

What Is The Internet of Things? “We’re still in the first minutes of the first day of the Internet revolution.”  – Scott Cook The Internet of Things (IOT) and Smart Systems are based on the notions of Sensors, Connectivity, People and Processes. We are creating a new world to view and measure anything around us through…

Sponsors

The Many Hats Of Today’s IT Managers

The Many Hats Of Today’s IT Managers

The Many Hats of IT Managers In years past, the IT department of most large organizations was much like a version of Middle Earth: a mysterious nether world where people who seemed infinitely smarter than the rest of us bustled around, speaking and typing languages that appeared indecipherable, yet, which made our world work. They…

Selling Your Business To Your Employees

Selling Your Business To Your Employees

Mobility For Your Employees It may seem a radical notion, the idea of selling your business to the people who work for you, but this is the era in which we now work. Employees of all levels are all incredibly aware of their options when it comes to mobility and employability. This doesn’t mean that…

Established in 2009

CloudTweaks is recognized as one of the leading influencers in cloud computing, big data and internet of things (IoT) information. Our goal is to continue to build our growing information portal, by providing the best in-depth articles, interviews, event listings, whitepapers, infographics and much more.

CloudTweaks Comic Library

Advertising