Kubecost, a San Francisco, CA-based provider of an open source solution for monitoring, managing, and optimizing Kubernetes spend at scale, raised $25M in Series A funding.
The round was led by Coatue Management, with additional participation from existing investors First Round Capital and Afore Capital. Angel investors include Snowflake CFO Michael Scarpelli and Looker co-founder Ben Porterfield. In addition to the funding, lead investor David Cahn, Partner at Coatue, will join the Kubecost board of directors.
The company intends to use the funds to accelerate growth, and expand operations, team and product.
Founded by two former Google employees, Webb Brown and Ajay Tripathy, who spent four years each working on infrastructure monitoring solutions for Google infrastructure and Google Cloud, Kubecost provides organizations with the real-time cost visibility and insights required to continuously monitor and proactively reduce their Kubernetes-related cloud costs. Users own and control their data, and view spending across multiple clusters from a single pane of glass. They can understand exactly where expenses originate through granular cost allocation breakdowns by attributes including deployment, service, and namespace label. Kubecost also delivers unified cost monitoring for a complete picture of where expenses are going, including external cloud services and infrastructure.
It currently has more than 2,000 companies using the software across all major cloud providers and on-prem in air-gapped environments. Leading companies using Kubecost include Adobe, Allianz, Capital One, and Under Armour.
FinSMEs
20/02/2022