Coatue Leads $25 Million Series A in Kubecost

SAN FRANCISCO &&num;8212&semi; Kubecost, an open source solution for monitoring, managing, and optimizing Kubernetes spend at scale, has raised &dollar;25 million in Series A funding led by Coatue Management, with additional participation from existing investors First Round Capital and Afore Capital&period; In addition to the funding, lead investor David Cahn, Partner at Coatue, will join the Kubecost board of directors&period;&NewLine;Kubecost angel investors include Snowflake CFO Michael Scarpelli and Looker co-founder Ben Porterfield&period; Leading companies using Kubecost include Adobe, Allianz, Capital One, and Under Armour&period;&NewLine;&OpenCurlyDoubleQuote;A December 2021 survey from the Cloud Native Computing Foundation (CNCF) found there are now more than 5&period;5 million developers using Kubernetes, and this number is only expected to grow&period; We are committed to helping them optimize and use Kubernetes efficiently as they scale,” said Webb Brown, co-founder and CEO of Kubecost&period; &OpenCurlyDoubleQuote;We’ve already built a vibrant, active open source community around Kubecost and we ourselves are actively involved in the broader Kubernetes community, with more exciting contributions to come&period;”&NewLine;&OpenCurlyDoubleQuote;As engineers ourselves, we wanted to build a product experience where you could install, use and, if desired, purchase software the way we wanted,” said Brown&period; &OpenCurlyDoubleQuote;We didn’t want developers to have to contact sales to get their hands on it&period; We didn’t want developers to share sensitive cloud spend data&period; We wanted them to have total control over their information&period; And we wanted developers to be able to install and even modify our software in minutes&period; We want everybody to have access to our software, no matter their budget&period;”&NewLine;Kubecost has achieved rapid enterprise adoption, with the solution now managing more than &dollar;2 billion in Kubernetes spend and providing cost transparency and optimization to thousands of organizations&period;&NewLine;Kubecost was founded by two former Google employees, Webb Brown and Ajay Tripathy, who spent four years each working on infrastructure monitoring solutions for Google infrastructure and Google Cloud&period;&NewLine;&OpenCurlyDoubleQuote;At Google, we were focused on the relationship between cost, performance, and health for internal Google services and external developers,” said Brown&period; &OpenCurlyDoubleQuote;We saw first-hand how intertwined the infrastructure, orchestration, and container layers were&period; Kubecost launched in early 2019, and we now have thousands of companies using our product&period; Developer and engineering teams appreciate our commitment to improving the developer experience, and to giving other enterprise stakeholders visibility and actionable controls over complex Kubernetes spend&period;”&NewLine;

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