CloudZero is a cloud cost intelligence platform founded by Erik Peterson, built to solve one of the most painful problems in modern software: understanding and controlling rapidly growing cloud infrastructure costs.
Originally inspired by real-world AWS cost chaos at Veracode, CloudZero enables engineering and finance teams to gain precise, real-time visibility into cloud spend. Its platform goes beyond traditional dashboards by attributing every dollar of cloud cost to specific products, features, customers, or teams, helping companies align infrastructure spending directly with business outcomes rather than abstract billing categories.
At the core of CloudZero’s product are proprietary technologies like CostFormation® and AnyCost™, which break down complex, shared cloud environments into granular, actionable insights. These tools normalize and allocate costs across Amazon Web Services, SaaS, and multi-cloud environments, even in cases where tagging is incomplete or inconsistent.
This allows engineering teams to proactively optimize spending, rather than react to monthly billing surprises. The platform has demonstrated strong ROI for customers, helping companies like Upstart uncover over $20M in savings, while Skyscanner reportedly recouped its annual CloudZero investment within just two weeks. Customers such as Coinbase, Expedia Group, and Nubank further validate its enterprise adoption.
CloudZero has achieved $50M+ ARR, growing from $5M to this level under CEO Phil Pergola, with four consecutive years of triple-digit growth and 70% team expansion, signaling strong product-market fit in the FinOps and cloud optimization space. The company recently raised a $56M Series C led by BlueCrest Capital Management and Innovius Capital, with participation from MongoDB and others, bringing total cloud spend analyzed on its platform to over $14B.
Looking ahead, CloudZero is expanding into AI-driven forecasting, unit economics modeling, and integrations with tools like Amazon Q Developer, positioning itself as a foundational layer for next-generation cloud financial operations.