Fundraising Fox
CloudZero
Boston, US · Founded 2016 · Delaware corporation · 162 employees on LinkedIn · 5 known investors
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CloudZero provides cost allocation and financial management for AI workloads, helping companies understand the ROI of their AI investments across cloud platforms and AI services. The platform integrates with enterprise cloud providers and SaaS tools to map AI spend to business outcomes for engineering, finance, and IT teams.
Founders & leadership
CloudZero was founded in 2016 by Erik Peterson and Matt Manger.
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Erik PetersonFounderErik Peterson is the founder and CTO of CloudZero, which provides cost allocation and financial management for AI and cloud workloads. He has over two decades of experience in software startups, an AWS Ambassador with a background in application security, and is active in the FinOps and Serverless communities.
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Matt MangerCo-FounderFounder of CloudZero, which provides cost allocation and financial management for AI workloads to help companies map AI spend to business outcomes across cloud platforms and services. He has more than 25 years of experience leading teams, re-engineering processes, managing clients, and delivering complex engagements.
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Phil PergolaAdvisor to the BoardPhil Pergola recently stepped down as CEO of CloudZero, where he spent four years leading the company's growth and development of a platform for cost allocation and financial optimization of cloud and AI workloads. He has held roles across enterprise software and startups with a focus on customer acquisition, onboarding, adoption, and retention.
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Don BulensNamed on SEC filing
Board
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MS
JM
Investors · 5
G20 Ventureslisted by G20 VenturesCambridge · $2M – $5M
How we know: G20 Ventures's portfolio page · funding news · open dataset · 5k.vc investor directory · Not right? Tell us
Matrixlisted by MatrixSan Francisco · $100K – $10M
How we know: Matrix's portfolio page · cloudzero.com · open dataset · 5k.vc investor directory · Not right? Tell us
Threshold Ventureslisted by Threshold VenturesPalo Alto · $500K – $20M
How we know: a partner's Signal profile · funding news · open dataset · 5k.vc investor directory · Not right? Tell us
Underscore VClisted by Underscore VCBoston
How we know: Underscore VC's portfolio page · a partner's Signal profile · funding news · cloudzero.com · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
Funding
SEC filings, press & company announcements$73.6M disclosed across 5 of 6 rounds · 2018–2025
- Undisclosed amountSeries AMar 2018
Matrix Partners (lead), Underscore VC (lead)
Source ↗
▶$48MraisedFeb 2025 · 14 investors · Other TechnologyRule 506(b)
▶$48MraisedFeb 2025 · 14 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Justin MooreDirector
- Tim BarrowsDirector
- Don BulensDirector
- James OrsilloDirector
- Erik PetersonDirector
- Philip PergolaExecutive Officer, Director
- Offering amount
- $50M
- Amount sold
- $48M
- First sale
- Feb 2025
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$6MraisedOct 2024 · 9 investors · Other TechnologyRule 506(b)
▶$6MraisedOct 2024 · 9 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Erik PetersonExecutive Officer, Director
- Philip PergolaExecutive Officer, Director
- Don BulensExecutive Officer, Director
- Justin MooreDirector
- James OrsilloDirector
- Tim BarrowsDirector
- Offering amount
- $6M
- Amount sold
- $6M
- First sale
- Sep 2024
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$9.5MraisedDec 2023 · 5 investors · Other TechnologyRule 506(b)
▶$9.5MraisedDec 2023 · 5 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Don BulensDirector
- Justin MooreDirector
- James OrsilloDirector
- Erik PetersonExecutive Officer, Director
- Philip PergolaExecutive Officer, Director
- Tim BarrowsDirector
- Offering amount
- $9.5M
- Amount sold
- $9.5M
- First sale
- Nov 2023
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$8MraisedDec 2020 · 5 investors · Other TechnologyRule 506(b)
▶$8MraisedDec 2020 · 5 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Don BulensExecutive Officer, Director
- Michael SkokDirector
- Tim BarrowsDirector
- Erik PetersonDirector
- Offering amount
- $8M
- Amount sold
- $8M
- First sale
- Dec 2020
- Incorporated
- Corporation, Delaware, 2016
- Federal exemptions
- 06b
▶$2.1MraisedDec 2019 · 5 investors · Other TechnologyRule 506(b)
▶$2.1MraisedDec 2019 · 5 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Don BulensExecutive Officer, Director
- Michael SkokDirector
- Tim BarrowsDirector
- Erik PetersonDirector
- Offering amount
- $4.3M
- Amount sold
- $2.1M
- First sale
- Dec 2019
- Incorporated
- Corporation, Delaware, 2016
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Founder mafia
3 people who came through CloudZero went on to found or lead other companies.
Related companies · 6
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Companies working in the same space as CloudZero.
In the news
Frequently asked questions
- What does CloudZero do?
- CloudZero provides cost allocation and financial management for AI workloads, helping companies understand the ROI of their AI investments across cloud platforms and AI services. The platform integrates with enterprise cloud providers and SaaS tools to map AI spend to business outcomes for engineering, finance, and IT teams.
- Who founded CloudZero?
- CloudZero was founded by Erik Peterson, Matt Manger in 2016.
- Who are CloudZero's investors?
- CloudZero's investors include G20 Ventures, Innovius Capital, Matrix, Threshold Ventures, Underscore VC.
- How much funding has CloudZero raised?
- CloudZero has disclosed $73.6M raised across 5 of its 6 known rounds.
- Where is CloudZero headquartered?
- CloudZero is headquartered in Boston, US.