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Cloudability Collects First Venture Capital Investment

Friday, July 13, 2012 5:57:00 AM PDT | VentureDeal

   Portland, Oregon  --  IT company Cloudability has raised $8.7 million in its first round of institutional venture capital funding.

Cloudability aggregates customer cloud costs into reports that help to manage spending.




Foundry Group led the round, which included 500 Startups, Trinity Ventures and other investors.

The company said it would use the funding to expand its engineering and marketing efforts.

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