Mar 11, 2025   SOURCE: PR NewsWire

CloudZero Closes 2024 With Fourth Consecutive Year Of Triple-Digit Growth

Cloud cost efficiency leader expands customer base and workforce, sees 200% increase in partner-generated revenue, and delivers major innovations and award wins

BOSTON, March 11, 2025 /PRNewswire/ -- CloudZero, the globally trusted leader in proactive cloud cost efficiency, achieved its fourth consecutive year of triple-digit revenue growth in 2024, driven by significant customer and partner expansion, along with a growing international workforce. As the market leader in next-generation cloud cost optimization, the company enters its new fiscal year poised for continued momentum.

Financial and operational highlights from the last fiscal year include:

    --  Grew revenue by more than 100%, marking the fourth consecutive year of
        triple-digit growth.
    --  Significantly expanded our enterprise customer base, adding key
        customers such as DraftKings, Expedia, Grammarly, Moody's, PetSmart, and
        Twilio.
    --  Increased cloud spend under management by 124% year over year, with many
        customers managing over $50 million in annual cloud and SaaS spending
        across multiple providers.
    --  Expanded our sales and customer success teams in Europe, India, and
        Latin America to better support global customers; opened a Boston
        headquarters and collaboration center.
    --  Grew employee headcount by 70%, including the hiring of a new senior
        vice president of product, Anand Sundaram, former CTO of SmartBear.

Product and service milestones include shipping more than 98 enhancements:

    --  Launched a drag-and-drop unit economics UI and a more extensive API --
        beloved customer features that improve access to unit economics.
    --  Strengthened Kubernetes support for GCP and Azure while adding AWS ECS
        and EKS SCAD, further extending CloudZero's market lead in shared cost
        allocation.
    --  Increased the number of native optimization insights for AWS, Azure, and
        GCP, and integrated with GCP Recommender to create a unified source for
        all anomalies and insights.
    --  Introduced CloudZero Intelligence, an advanced AI system that enhances
        our core platform, and launched CloudZero Advisor, a free tool for
        predicting and optimizing cloud infrastructure costs.
    --  Debuted CloudZero Academy as the go-to learning hub for cloud cost
        efficiency.

Partner updates include:

    --  Became a MongoDB Technology Partner and launched an enhanced
        integration, making CloudZero the first and only cloud cost solution in
        the MongoDB Partner Ecosystem.
    --  Joined the Databricks Partner Program and released a new integration,
        becoming the only validated cloud cost optimization partner for
        Databricks.
    --  Increased our investment in the FinOps Foundation and joined its
        governing board.
    --  Deepened hyperscaler relationships, securing a spot on the AWS Partner
        Advisory Board for the second consecutive year and enabling transactions
        for customers buying through the GCP Marketplace.

As a result, partner-generated revenue grew more than 200% year over year, with partners influencing over 50% of closed deals. These gains highlight CloudZero's commitment to deepening integrations and accelerating go-to-market efforts through strategic alliances.

CloudZero also earned several industry accolades last year:

    --  Winner of the 2024/2025 Cloud Award for Cloud Management Solution of the
        Year.
    --  Named a Strong Performer in The Forrester Wave(TM): Cloud Cost
        Management and Optimization Solutions, Q3 2024.
    --  Recognized as a Visionary in the Gartner Magic Quadrant for Cloud
        Financial Management Tools.
    --  Named to the 2024 Best Places to Work List by the Boston Business
        Journal.

Corey Heady, vice president of business finance at Acquia, said, "CloudZero has consistently delivered on its roadmap, introducing high-value capabilities that unlock new ways to measure and monitor success. Combined with continuous improvements to existing features, there's something new to celebrate every week. We're excited to see what else we can do in 2025 and beyond."

Phil Pergola, CEO of CloudZero, said, "This past year has been transformative for CloudZero. In a crowded market, we've set ourselves apart as the only solution that provides a complete path from cost visibility to unit economic efficiency. As companies accelerate AI adoption and scale their cloud investments, understanding the return on those investments has never been more critical. CloudZero is pushing the boundaries of innovation and cementing its position as the go-to solution for any company relying on the public cloud."

About CloudZero

CloudZero is the leader in proactive cloud cost efficiency. We enable engineers to build cost-efficient software without slowing down innovation. CloudZero's next-generation cloud cost optimization platform automates the collection, allocation, and analysis of cloud costs to uncover savings opportunities and improve unit economics. We are the only platform that enables companies to understand 100% of their operational cloud spend and take an engineering-led approach to optimizing that spend. CloudZero is used by industry leaders worldwide, such as Coinbase, Klaviyo, Miro, Nubank, and Rapid7. Visit cloudzero.com to get started today.

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SOURCE CloudZero