This 22-person startup just raised $40M to fix cloud billing
CloudClear wants to be the Mint.com of AWS bills. With enterprise customers already saving millions, investors are paying attention.
CloudClear, a 22-person startup based in San Francisco, has raised $40M in a Series B round led by Andreessen Horowitz. The company builds tools that help enterprises understand and optimize their cloud spending.
The problem
Cloud billing is notoriously opaque. A typical enterprise AWS bill can run to thousands of line items, and most engineering teams have no idea where their money is going. CloudClear's platform provides real-time visibility into cloud costs, with AI-powered recommendations for optimization.
Traction
The startup claims its customers have collectively saved over $200M in cloud costs since launch. Notable clients include three Fortune 500 companies and dozens of high-growth startups.
CEO Maya Rodriguez says the funding will go toward expanding the platform to support multi-cloud environments and hiring engineering talent.
Liked this? You will love the briefing.
One email. Every morning. The tech that matters.