Vega Cloud Raises Funds To Help Companies MInimize Cloud Spending

Vega Cloud, a SaaS platform for public cloud infrastructure management, announced today that it has raised $9 million in Equity and Debt funding. Album VC and Sun Mountain Capital led this funding round, with participation from Kick-Start, Incisive Ventures, Rudeen & Company, the Cowles Company, Tacoma Ventures, Tapas Capital, and the Seattle Alliance of Angels.

In a released statement via the company’s press release, Kris Bliesner, co-founder and Chief Executive Officer of Vega Cloud, said: “Despite many great efforts, cloud waste continues to grow and impact the bottom line of companies 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 spend.”

“Our vision is to continue to help clients better understand cloud spend and surface areas to optimize and/or invest in to achieve their business outcomes while reducing costs,” Vega Cloud CEO Kris Bliesner added in a released statement.

Kevin Barber, Managing Director for Sun Mountain Private Credit, said in a released statement: “”Vega helps customers better consume public cloud by eradicating waste and simplifying optimization in highly complex cloud environments.”

Founded in 2018 and based in Liberty Lake, Washington, Vega Cloud is a leading provider of multi-cloud management and optimization solution which uses data context and automation to allow businesses to make decisions and accelerate time to value. It helps companies optimize their cloud consumption and minimize their cloud spending.

The company plans to use the funds to scale up its product development and to support the company’s massive growth.

When it comes to Cloud Management, you need more than visibility and sadly most solutions today are just pretty charts and graphs. We’ve automated Cloud optimization at scale, allowing you to focus on operations while managing your Cloud infrastructure more effectively and efficiently.

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