Archera, a Seattle, WA-based provider of cloud purchasing and management solutions, raised $17M in Series B funding.
The round was led by HighSage Ventures with participation from Ridge Ventures, Amplify Partners, and PSL Ventures.
The company intends to use the funds to accelerate multi-cloud offerings as well as offer new financial products.
Led by Aran Khanna, CEO, Archera provides cloud discount automation and FinOps visibility. It generates revenue solely through products that extend vendor-native solutions, creating new, automatable savings strategies. Archera’s current offerings include:
- Free Cloud Management Platform: a comprehensive management for savings plans reserved instances, and committed use discounts, cost and usage visibility, and long-term forecasting and assessments.
- Insured Commitments: save on all reservable AWS and Azure services with commitment terms as brief as 30 days.
FinSMEs
25/07/2024