Next-Generation Cloud Cost Management Innovator Yotascale Secures $13 Million in Series B Round of Financing

By StartUp City | Thursday, October 15, 2020

Yotascale's software offers engineering teams, who are the subject matter experts for their applications and cloud workloads, complete visibility of cloud costs, so they can make more cost-efficient decisions and independently validate planned usage for faster buying cycles and increased savings of 50 percent.

FREMONT, CA: Yotascale, the industry leader in next-generation cloud cost management software, raised $13 million in its Series B round of financing, which brings the firm’s total capital raised to $25 million. The round was led by Felicis Ventures' Aydin Senkut, with active participation from investors, Pelion Ventures, Crosslink Capital, and Engineering Capital.

Yotascale's software offers engineering teams, who are the subject matter experts for their applications and cloud workloads, complete visibility of cloud costs, so they can make more cost-efficient decisions and independently validate planned usage for faster buying cycles and increased savings of 50 percent.

Unlike first-generation cost management products on the market, Yotascale's next-generation approach to cloud cost management offers three pillars for a truly optimized, collaborative framework: collaborative cost optimization, unified cost management, and predictive capacity planning. Yotascale's solution emphasizes on making the understanding of cloud spend seamless as well as builds trust with engineering teams.

"For organizations to have effective cost management, there must be a solution that deeply understands the enterprise business and system context; scales with complexity introduced by modern architectures like Kubernetes, containers, micro-services, and multi-cloud deployments; and empowers engineering teams with actionable recommendations they can trust and seamlessly implement," stated Co-Founder and CEO, Asim Razzaq. "That's why we built Yotascale with engineering teams in mind. Yotascale is trusted by engineering teams at many Fortune 1000 companies. We've made cloud cost management practical and exciting for these teams with the sophistication and effectiveness of our approach."

"As Zoom has scaled its systems exponentially in current times, Yotascale has been a trusted partner to help keep our massively increasing cloud costs in check," stated Yasin Mohammad, Engineering Manager of Cloud Operations at Zoom. "I have been very impressed with the huge ROI they delivered, and I am glad that we had Yotascale already in place prior to the pandemic."

tag

ROI

Weekly Brief