What is Yotascale?
Founded by engineers in 2015, Yotascale is at the forefront of cloud cost management, providing solutions designed to make cloud computing profitable and sustainable. The company offers unparalleled cloud cost visibility and resource transparency, empowering engineering teams to identify waste, foster cross-functional collaboration, and achieve substantial cost reductions. Yotascale's advanced platform is credited with improving optimization by up to 5x and slashing yearly cloud expenses by as much as 50%. Its client base spans industry leaders in video conferencing, streaming, fintech, healthcare, on-demand delivery, and online gaming, highlighting the broad applicability and critical need for its services.
How much funding has Yotascale raised?
Yotascale has raised a total of $27M across 5 funding rounds:
Private Equity
$2.3M
Private Equity
$3.6M
Series A
$8M
Debt
$150K
Series B
$13M
Private Equity (2016): $2.3M, investors not publicly disclosed
Private Equity (2017): $3.6M led by Engineering Capital and Pelion Ventures
Series A (2018): $8M supported by Crosslink Capital
Debt (2020): $150K featuring PPP
Series B (2020): $13M backed by Engineering Capital, Pelion Ventures, Crosslink Capital, and Aydin Senkut
Key Investors in Yotascale
Crosslink Capital
Crosslink Capital is an investment firm that partners with ambitious early-stage founders to build category-defining companies. With a focus on seed and Series A investments ranging from $1M to $9M, the firm has a diverse portfolio across North America, boasting over 50 exits including 17 IPOs.
Engineering Capital
Engineering Capital is a venture capital firm that partners with innovative entrepreneurs driven by technical insights. They specialize in leading seed rounds for companies that aim to define new categories in the information technology sector.
Pelion Ventures
Pelion Home is a company that manages a portfolio of funds, focusing on investment solutions for its clients. They offer a range of services tailored to meet the needs of investors.
What's next for Yotascale?
The recent major strategic investment signals Yotascale's transition into a scaling phase, likely focused on expanding its market reach and enhancing its technological capabilities. This capital infusion will be instrumental in further developing its next-generation cloud cost management solution, solidifying its position as a leader in the cloud financial management sector. Yotascale is poised to capitalize on the growing demand for efficient cloud spend optimization, driven by the increasing complexity and cost of cloud infrastructure.
See full Yotascale company page
