More than 50 engineers on our team are now using Vantage on a regular basis to drive cost accountability throughout the organization.” After evaluating numerous other vendors in the market, we chose Vantage as our FinOps platform of choice because of the breadth of providers supported, enterprise-grade reporting & visibility features and its automated savings-as-a-service: Autopilot. “Like many other companies, we leverage a suite of different cloud infrastructure providers like AWS, Snowflake and Datadog - each with their own bespoke, complicated pricing. “Cost efficiency is always top of mind for us at Rippling,” said Albert Strasheim, CTO at Rippling. From Issues that can be assigned to engineers for cost accountability, to Savings Planner for financial modeling, to the new per-unit costs feature which maps cloud costs to customers, transactions and endpoints, Vantage enables enterprise-grade cost workflows for the cloud. Vantage provides an all-in-one platform that supports organizations through every step of their cloud cost management journey. This is one of the fastest, easiest ways for companies of all sizes, in any industry, to manage their costs.” Vantage gives businesses an easy way to view, classify and, most importantly, reduce their cloud software spending. That’s what got us so excited to lead Vantage’s Series A. We saw this challenge first-hand, having invested in CloudHealth, which became the winner in the first generation of cloud management software. “The challenge is that information isn’t readily available in an actionable and easily digestible way. The result is a renewed focus on what is often the biggest spend item: cloud costs,” said Scale’s Ariel Tseitlin. “Yesterday’s capital markets encouraged companies to grow at any cost. Most recently, Vantage launched Autopilot: A managed service that optimizes AWS bills by automatic buying and selling of financial commitments to yield up to 72% in savings. 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 is a self-serve developer tool that allows engineering teams to manage and optimize cloud costs in conjunction with finance and operations counterparts. Vantage announces $21 million in funding led by Scale Venture Partners, Andreessen Horowitz, and Harpoon Ventures. Funds will be used for team growth and continued product advancements. Other participants include Andreessen Horowitz, who led Vantage’s $4 million seed round, Harpoon Ventures, Matthew Prince (Co-founder and CEO of Cloudflare) and other select individuals. The round was led by Scale Venture Partners, with Partner Ariel Tseitlin joining the board of directors. Vantage, a FinOps platform that helps teams manage and optimize their cloud costs, today announced $21 million in Series A funding.
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