Loading organizations...
§ Private Profile · Portland, OR, USA
Cloud financial management software for enterprises, tracking and optimizing spending on AWS, Azure, and Google Cloud.
Cloudability is a Portland, Oregon-based software company that provides cloud financial management and optimization platforms for enterprise organizations. The platform enables businesses to track, allocate, and reduce their infrastructure spending across major public cloud providers, specifically targeting environments hosted on Amazon Web Services, Microsoft Azure, and Google Cloud. Prior to its acquisition, the company raised $39.8 million in venture capital funding and managed the optimization of nearly $10 billion in total enterprise cloud expenditures. In May 2019, enterprise technology management software provider Apptio acquired the business for an undisclosed amount to integrate its financial operations capabilities into a broader corporate IT management suite. Following the transaction, the platform continued to operate as a core component of Apptio's cost management portfolio, serving as a foundational tool for the FinOps sector. Cloudability was founded in 2011 by Mat Ellis.
Cloudability has raised $38.8M across 4 funding rounds.
Cloudability has raised $38.8M in total across 4 funding rounds.
Cloudability has raised $38.8M in total across 4 funding rounds.
Cloudability's investors include Jason Mendelson, 500 Startups, First Round Capital, Techstars, Trinity Ventures, Wieden + Kennedy, Karan Mehandru, Walden Venture Capital.
Cloudability has raised $38.8M across 4 funding rounds. Most recently, it raised $24.0M Series B in June 2016.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 6, 2016 | $24M Series B | Jason Mendelson | 500 Startups, First Round Capital, Techstars, Trinity Ventures | Announced |
| Aug 10, 2015 | $6M Venture Round | — | — | Announced |
| Jul 12, 2012 | $8.7M Series A | Jason Mendelson | 500 Startups, Trinity Ventures, Wieden + Kennedy | Announced |
| Jan 1, 2012 | $120K Seed | Karan Mehandru, Walden Venture Capital | Techstars | Announced |
Cloudability is a cloud financial management platform that provides tools for monitoring, analyzing, and optimizing cloud spending across multi-cloud environments, including AWS, Azure, Google Cloud, and Kubernetes.[1][3] Originally focused on public cloud cost tracking for IT and finance teams, it now empowers FinOps practitioners with features like anomaly detection, automated optimizations, cost allocation, forecasting, and AI/container cost visibility, helping organizations reduce waste by 30% or more while aligning cloud investments with business value.[1][3][4] Acquired by Apptio (an IBM company), it serves enterprises seeking cost transparency, operational efficiency, and collaborative FinOps practices.[3][6]
The platform addresses exploding cloud costs by offering customizable dashboards, alerts, daily reports, chargeback capabilities, and provider-specific analytics like AWS Reserved Instance planning, with elastic pricing based on monitored spend.[1][3] Its growth reflects surging demand for FinOps amid multi-cloud and AI adoption, enabling teams to forecast budgets, automate commitments, and drive unit economics.[3][4]
Cloudability was founded in 2011 by Mat Ellis and J.R. Storment in Portland, Oregon, targeting the early challenges of public cloud cost management as enterprises shifted to AWS and Azure.[1] The idea emerged from the need for IT administrators to track spend, plan budgets, and avoid overruns in nascent cloud environments, with initial tools focused on dashboards, alerts, and usage analytics.[1]
Pivotal moments include expanding to multi-cloud support, container management, and FinOps features, culminating in its acquisition by Apptio in 2022 (part of IBM), which integrated advanced planning tools like Cloudability Financial Planning launched in 2023 after a beta with over 100 participants.[3][4] This evolution shifted it from basic cost monitoring to a comprehensive platform for AI, Kubernetes, and collaborative cloud economics.[3][4]
Cloudability rides the FinOps wave, a trend formalizing cloud cost discipline amid explosive growth in multi-cloud, AI, and container spending, where enterprises often face 30%+ waste from unused resources.[3][4][6] Timing is ideal as cloud budgets balloon—driven by generative AI and Kubernetes complexity—while TBM (Technology Business Management) best practices demand visibility beyond spreadsheets.[4]
Market forces like competitive SaaS proliferation and hybrid cloud mandates favor it, enabling 100% cost allocation and 90%+ commitment coverage that turns cloud from cost center to advantage.[3][8] It influences the ecosystem by standardizing FinOps (e.g., integrations with IBM Turbonomic), fostering practitioner adoption, and pushing providers toward better economics, as seen in container enhancements and planning tools.[4][7]
Cloudability is poised to dominate as AI-driven cloud spend surges, with expansions into advanced forecasting, deeper container/AI analytics, and automated optimizations keeping it ahead.[3][4] Trends like edge computing, sovereign clouds, and regulated FinOps will shape its path, potentially evolving influence through IBM's ecosystem for end-to-end TBM.[4][8]
Expect broader SaaS management and predictive AI for proactive budgeting, solidifying its role in making cloud a profit driver—echoing its origins in taming early cloud chaos for today's hyperscale realities.[2][3]