Tuesday, June 7, 2016 5:02:00 AM PDT | VentureDeal
Portland, Oregon -- Cloud technology company Cloudability has secured $24 million in its second round of institutional venture capital funding.
Cloudability says that its service "lets you monitor, optimize and govern your cloud costs with one easy tool." Foundry Group Select Fund led the round, which included other undisclosed investors. The company said it would use the proceeds to fuel its growth initiatives. CEO Mat Ellis founded the company in May 2011.
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