Vantage, a New York-based FinOps platform that helps teams manage their cloud costs, raised $21M in Series A funding.
The round was led by Scale Venture Partners, with Partner Ariel Tseitlin joining the board of directors. Other participants included Andreessen Horowitz, who led Vantage’s $4M seed round, Harpoon Ventures, and Matthew Prince (Co-founder and CEO of Cloudflare).
The company intends to use the funds for team growth and continued product advancements.
Led by CEO Ben Schaechter, Vantage is a self-serve developer tool that allows engineering teams to manage and optimize cloud costs in conjunction with finance and operations counterparts. The platform supports organizations through every step of their cloud cost management journey, from issues that can be assigned to engineers for cost accountability, to savings planner for financial modeling, to the per-unit costs feature which maps cloud costs to customers, transactions and endpoints. Most recently, Vantage launched Autopilot, a managed service that optimizes AWS bills by automatic buying and selling of financial commitments.
The company currently supports 10 cloud infrastructure and service providers: AWS, Azure, Google Cloud, Datadog, New Relic, Snowflake, Databricks, Fastly, MongoDB Atlas and Kubernetes.
Vantage currently serves more than 300 companies, including organizations like NASA, Buzzfeed, PlanetScale, Barstool Sports, PBS, Panther Labs, Ripple, Compass, Rippling, Joybird, Starburst and more.
FinSMEs
08/03/2023