Coatue Leads $25 Million Series A in Kubecost

<p align&equals;"left"><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; <u>Kubecost<&sol;u>&comma; an open source solution for monitoring&comma; managing&comma; and optimizing Kubernetes spend at scale&comma; has raised &dollar;25 million in Series A funding led by <u>Coatue Management<&sol;u>&comma; with additional participation from existing investors <u>First Round Capital<&sol;u> and <u>Afore Capital<&sol;u>&period; In addition to the funding&comma; lead investor David Cahn&comma; Partner at Coatue&comma; will join the Kubecost board of directors&period;<&sol;p>&NewLine;<p align&equals;"left">Kubecost angel investors include Snowflake CFO Michael Scarpelli and Looker co-founder Ben Porterfield&period; Leading companies using Kubecost include Adobe&comma; Allianz&comma; Capital One&comma; and Under Armour&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;A <u>December 2021 survey<&sol;u> from the Cloud Native Computing Foundation &lpar;CNCF&rpar; found there are now more than 5&period;5 million developers using Kubernetes&comma; and this number is only expected to grow&period; We are committed to helping them optimize and use Kubernetes efficiently as they scale&comma;” said Webb Brown&comma; co-founder and CEO of Kubecost&period; &OpenCurlyDoubleQuote;We’ve already built a vibrant&comma; active open source community around Kubecost and we ourselves are actively involved in the broader Kubernetes community&comma; with more exciting contributions to come&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;As engineers ourselves&comma; we wanted to build a product experience where you could install&comma; use and&comma; if desired&comma; purchase software the way we wanted&comma;” 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&comma; no matter their budget&period;”<&sol;p>&NewLine;<p>Kubecost has achieved rapid enterprise adoption&comma; with the solution now managing more than &dollar;2 billion in Kubernetes spend and providing <u>cost transparency and optimization<&sol;u> to thousands of organizations&period;<&sol;p>&NewLine;<p>Kubecost was founded by two former Google employees&comma; Webb Brown and Ajay Tripathy&comma; who spent four years each working on infrastructure monitoring solutions for Google infrastructure and Google Cloud&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;At Google&comma; we were focused on the relationship between cost&comma; performance&comma; and health for internal Google services and external developers&comma;” said Brown&period; &OpenCurlyDoubleQuote;We saw first-hand how intertwined the infrastructure&comma; orchestration&comma; and container layers were&period; Kubecost launched in early 2019&comma; and we now have thousands of companies using our product&period; Developer and engineering teams appreciate our commitment to improving the developer experience&comma; and to giving other enterprise stakeholders visibility and actionable controls over complex Kubernetes spend&period;”<&sol;p>&NewLine;