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Cloud Savings Leader Usage.Ai Announces $9 Million Vc Financing Round

PRIVATESep 12, 2023

Amount Raised

$9 Million

Round Type

Funding Round

New YorkSoftwareArtificial IntelligenceEnterprise SoftwareFintechMachine LearningCloud InfrastructureSaaS

Investors

Backend CapitalJam FundTen VcAmity Ventures

Description

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.

Quick answer

Usage.AI raised $9 Million in a Funding Round round, dated September 12, 2023. Investors: Backend Capital, Jam Fund, Ten Vc and Amity Ventures. Usage.AI is based in New York, United States.

How much did Usage.AI raise?
Usage.AI raised $9 Million in a Funding Round round on September 12, 2023.
Who invested in Usage.AI?
Backend Capital, Jam Fund, Ten Vc and Amity Ventures are named as investors in this round.
What does Usage.AI do?
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..
Where is Usage.AI based and how big is it?
Usage.AI is based in New York, United States.
Who are the decision-makers at Usage.AI?
Fundz holds 1 contact at Usage.AI. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Enterprise Software and Fintech around the same time

Companies in the same sectors as Usage.AI that raised within 45 days of this round, from Fundz verified event records.

  • Cursor raised $8M (Funding Round) on October 11, 2023.
  • Middleware raised $6.5M (Seed) on August 10, 2023.
  • Atana raised $6M (Series A) on October 11, 2023.
  • Aampe raised $7.5M (Funding Round) on October 5, 2023.
  • Stampli raised $61M (Funding Round) on October 3, 2023.
  • Betterleap raised $13M (Seed) on September 18, 2023.

Who to call at Usage.AI, and when

A new round usually means Usage.AI is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Usage.AI raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Usage.AI, from your own LinkedIn network

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Company Information

Company

Usage.AI

Location

New York, United States

About

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.

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment Usage.AI raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

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Usage.AI raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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