CloudZero Raises $56M as AI Drives Cloud Costs to $2 Trillion

Cloud cost management platform CloudZero has raised $56 million in Series C funding, marking a significant milestone for the Boston-based company that has achieved four consecutive years of triple-digit revenue growth. The funding round, led by BlueCrest Capital Management and Innovius Capital, positions CloudZero to capitalize on the explosive growth in cloud spending driven by AI adoption. Strategic Investment in a Critical Market The Series C round, which includes participation from Matrix Partners, Threshold Ventures, Underscore VC, and G20 Ventures, represents nearly double CloudZero's previous $32 million Series B funding from 2023. MongoDB also made a strategic investment, signaling strong industry validation of CloudZero's approach to cloud cost optimization. The timing co