Next-gen Cloud optimization company Vega Cloud has completed a $9 million equity, and debt funding round carried out by Album VC and Sun Mountain Capital.
The funding round also saw participation from Kick-Start, Incisive Ventures, Rudeen & Company, the Cowles Company, Tacoma Ventures, Tapas Capital, the Seattle Alliance of Angels, and other new and existing Vega investors.
Vega Cloud said it would be using the fund for scaling its product development and suffice the growing needs of the FinOps market.
Meanwhile, Vega Cloud aims to offer its clients near real-time data to make wise choices among cost, quality and speed. Vega is likewise planning to advance its loud optimization technology and interoperability, allowing users to maximize their public cloud infrastructure investments.
Vega Cloud’s CEO, Kris Bliesner, said, “Despite many great efforts, cloud waste continues to grow and impact companies’ bottom line regardless of their size. It is time for a different approach to cloud optimization. With the support of highly motivated, successful investors who see the disruptive potential of Vega in the multi-cloud FinOps space, Vega can continue to help more companies to optimize their cloud usage and minimize their cloud spending.”
For more Cloud News, subscribe to our newsletter and get the latest update from top cloud computing industries.