Cloud Savings Leader Usage.Ai Announces $9 Million Vc Financing Round
09/12/23, 4:08 PM
Location
new york
Money raised
$9 million
Industry
cloud infrastructure
fintech
machine learning
enterprise software
saas
artificial intelligence
software
Investors
Backend Capital, Jam Fund, Ten Vc, Amity Ventures
Less than 18 months from launch, Usage.AI, a leader in identifying cloud savings, has raised $9 million in a round led by Amity Ventures and existing investors TenVC, JAM Fund and Backend Capital. Usage.AI's previous round was led by prominent private investors (including Justin Mateen, who is ranked #1 on Insider's Top 100 Seed Investor List) and quickly became the world's easiest and fastest way for companies to save money on their cloud spend.
Company Info
Location
new york, united states
Additional Info
Usage.AI's savings platform includes multiple modules covering a customer's compute and database services, allowing organizations to consolidate their cloud savings program to a single platform that is built natively for the cloud.
Usage.AI scans every layer of a customer's cloud environment to provide complete visibility, and uses its Autopilot software to immediately identify and implement the savings with zero code change, zero downtime, and zero risk. Customers can achieve savings as high as 60% in as little as 5 minutes. Customers can try Usage.AI's optimization tool with a no obligation read-only savings test, and then only pays a percentage of any realized savings.