Cloud Capital, a new startup founded by repeat SaaS entrepreneurs, is emerging from stealth with $7.7 million in funding to help companies wrestle back financial control of their cloud infrastructure.
Cloud infrastructure is now the fastest-growing cost in tech, and AI is accelerating the problem. As companies race to train and deploy AI models, cloud usage is skyrocketing.
According to the company, Cloud Capital is building the first FinTech platform for cloud: enabling companies to forecast usage, unlock savings, and eliminate financial risk from long-term cloud commitments.
The company is founded by Edward Barrow (CEO), Spencer Pingry (CTO), and Zack Liscio (CPO), a trio of serial founders who’ve each built and sold successful SaaS companies across the US and Europe, including Idio, Zaius, and Naytev. The team later joined forces at Optimizely, where they saw how complex cloud cost management becomes at scale, and the need for a fundamentally new, finance-led approach.
Between them, they’ve managed more than $500 million in cloud spend, and have built Cloud Capital to solve the problems they experienced first-hand.
“We believe cloud infrastructure is the largest broken market in tech,” said Barrow. “We’ve been in the driving seat; we’ve built the forecasts, and we’ve lived the pain. We built Cloud Capital to give CFOs the same level of control over cloud that they have across the rest of the P&L.”
Cloud Capital’s AI-powered platform combines real-time usage data, engineering plans, and financial models to forecast spend and identify safe, commitment-free savings. For companies ready to commit, Cloud Capital goes further—underwriting the financial risk of long-term cloud contracts and absorbing liability on the customer’s behalf.
Cloud Capital quietly raised an initial $2.3 million pre-seed round led by Connect Ventures alongside a number of strategic, renowned FinTech angels. Just three months later, after significant early customer traction and overwhelming investor interest, the company raised a $5.4 million seed round led by Backed Ventures and Middlegame Ventures, with additional backing from DFF Ventures.
Now out of stealth, Cloud Capital is already live, with dozens of high-growth startups in AI, FinTech, and Cybersecurity, helping CFOs in North America and Europe forecast usage, identify savings, and manage commitment risk, without being forced into rigid, long-term cloud contracts, the company said.
For more information about this news, visit www.cloudcapital.co.