Monday, June 6, 2016

Cloudability Collects $24M

Portland-based Cloudability, which develops enterprise spend management software focused on cloud services tracking, has raised $24M in a Series B funding. The funding was led by Foundry Group Select Fund. Cloudability's other backers include Foundry Group, Techstars, 500 Startups, Trinity Ventures and First Round Capital. The company says the new funding brings its total raised to over $40M. Cloudability is led by Mat Ellis. The company's software helps companies keep their costs of cloud infrastructure under control. More information »