Development database provider MongoDB was among those investing in the cloud cost optimization platform company.
CloudZero, startup developer of an industry-leading cloud cost optimization platform, has raised $56 million in a Series C funding round that included a “strategic investment” from development database provider MongoDB.
CloudZero said the funding round followed “another year of triple-digit growth” without disclosing actual financials.
The Boston-based company said it would use the additional financial resources to accelerate development of AI-driven cost analytics and forecasting, build deeper integrations across developer and finance workflows, and expand strategic partner and cloud alliances.
[Related: The Coolest Cloud Computing Companies Of 2025]
CloudZero, founded in 2016, provides a cloud FinOps system that automates the collection and analysis of cloud and AI spending data, providing businesses and organizations with visibility into their cloud and AI infrastructure spending and helping them quantify and maximize ROI.
Cloud spending is expected to reach $2 trillion by 2030 and AI workloads are reshaping IT infrastructure needs, the company said.
“AI is redefining what’s possible — but without a deep understanding of cloud unit economics, innovation becomes unsustainable,” said Phil Pergola, CEO of CloudZero, in a statement. “CloudZero is pioneering a new standard for cloud cost optimization, giving companies the precision they need to scale cloud and AI responsibly.”
The funding round was led by BlueCrest Capital Management and Innovius Capital, with participation from Matrix Partners, Threshold Ventures, Underscore VC and G20 Ventures.
“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, in a statement. “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 also said MongoDB made a “strategic investment” as part of the funding round.
“This was a perfect time to partner with CloudZero,” said Benjamin Cefalo, senior vice president of product management at MongoDB, in a statement. “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.”
