When was Cloudability founded?

Cloudability was founded in 2011.

Where is Cloudability located?

Cloudability is headquartered in Portland, United States. It is registered at Portland, Oregon.

Who is the current CEO of Cloudability?

Mat Ellis of Cloudability. They have also founded 1 company and are an angel investors in 1 startup.

How many employees does Cloudability have?

As of Mar 01, 2026, the latest employee count at Cloudability is 10 - 49.

Is Cloudability a funded company?

Cloudability is a funded company, having raised a total of $44M across 10 funding rounds to date. The company's 1st funding round was a $***** Seed round.

When was the latest funding round of Cloudability?

Cloudability's latest funding was a $***** Series B round on Sep 08, 2016, with participation from 1 investor. Its primary sector is Cloud Infrastructure. In United States, the Cloud Infrastructure sector has seen $12.3B in funding in 2026 to date.

Where does Cloudability rank among its competitors?

Cloudability ranks 50th amongst 1205 active competitors, of which 175 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Pigment, which secured $250M in Oct, 2026.

Who are the top competitors of Cloudability?

Cloudability's top competitors include Anaplan, Pigment and Vena Marketing. Among them, Pigment secured the most recent funding round in October, 2026.

Cloudability - 2026 Company Profile, Team, Funding & Competitors

Cloudability is an acquired company based in Portland (United States), founded in 2011 by Mat Ellis, J Storment and Jonathon Frisby. It operates as a Cloud cost management and optimization solutions for FinOps teams. Cloudability has raised $44M in funding from Foundry and PIE. The company has 1205 active competitors, including 175 funded and 78 that have exited. Its top competitors include companies like Anaplan, Pigment and Vena Marketing.

Company Details

Cloud cost management and optimization solutions for FinOps teams, empowering organizations to manage and optimize cloud spend across multi-cloud environments. It offers a suite of cloud-based tools for IT Financial Management, Cloud Financial Management, and Enterprise Agile Planning. The platform provides cost visibility, anomaly detection, and savings automation. It supports FinOps principles, enabling collaboration between IT, Finance, and DevOps teams. The company delivers solutions for cloud cost management, Kubernetes spend monitoring, and technology business management. It offers a platform with features like Datalink, ATUM, and collaboration tools. The company provides resources like case studies, blogs, and guides, along with customer success, support, education, and professional services.

Website: cloudability.com
Social
Registered Address: Portland, Oregon

Key Metrics

Founded Year

2011

Location

Portland, United States

Stage

Acquired

Total Funding

$44M in 10 rounds

Latest Funding Round

Series B, Sep 08, 2016, $*****

Investors

Foundry & 12 more

Ranked

50^th among 1205 active competitors

Employee Count

10 - 49 as on Mar 01, 2026

Investment & Acquisitions

CloudMGR & 3 more

Similar Companies

Anaplan & 1548 more

Exit Details

Acquired by Apptio (May 16, 2019)

View Cloudability's full profile

Cloudability is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
CLOUDABILITY, INC. CIN: 451538306 , United States, Active	Dec 26, 999	-	110 (As on Dec 31, 2018)	-

Cloudability got acquired by Apptio on May 16, 2019.

Click here to take a look at Cloudability's acquisition in detail

Cloudability has raised a total funding of $44M over 10 rounds. Its latest funding round was a Series B round on Sep 08, 2016 for $*****. 1 investor participated in its latest round. Cloudability has 13 institutional investors.

Here is the list of recent funding rounds of Cloudability:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 08, 2016	6381605	Series B	5461632	4641161	3380870	4904588
Dec 22, 2015	6687414	Series A	6049782	7336904	7519077	4664591
Jul 27, 2015	6413704	Series A	7575666	6038308	7377533	5106796

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View details of Cloudability's funding rounds and investors

The founders of Cloudability are Mat Ellis, J Storment and Jonathon Frisby.

Here are the details of Cloudability's key team members:

Mat Ellis: CEO & Ex- Founder of Cloudability and founder of 2 other companies, Sixty AI and FasterBetter. They are also an angel investor in 1 startup.
Contact Info: 1 email address
J Storment: Co-Founder of Cloudability and founder of 1 other company.
Jonathon Frisby: Co-Founder, Chief Scientist of Cloudability and founder of 1 other company.

View details of Cloudability's Founder profiles and Board Members

Cloudability's employee count trend

Cloudability has 10 - 49 employees as of Mar 26. Here is Cloudability's employee count trend over the years:

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Top competitors of Cloudability include Anaplan, Pigment and Vena Marketing. Here is the list of Top 10 competitors of Cloudability, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Anaplan 2006, San Francisco (United States), Acquired	Provider of cloud-based platform for scenario planning, analysis, and reporting	$300M	Premji Invest, Meritech & 29 others	78/100
2nd	Pigment 2019, Paris (France), Series E	Business planning and project management platform for businesses	$647M	Iconiq Capital, Meritech & 16 others	75/100
3rd	Vena Marketing 2011, Toronto (Canada), Series C	Provider of financial planning and analysis platform for business performance	$385M	JMI Management, Mogo & 8 others	75/100
4th	Zluri 2020, San Francisco (United States), Acquired	Provider of SaaS management, access management, and access review solutions	$32.5M	Endiya Partners, Kalaari Capital & 31 others	72/100
5th	Datarails 2015, New York City (United States), Series C	Developer of financial planning and analysis software for spreadsheet users	$175M	Zeev Ventures, Vertex Ventures Israel & 20 others	72/100
6th	Apptio 2007, Bellevue (United States), Acquired	Cloud spend management platform for enterprises	$136M	Shasta Ventures, T. Rowe Price & 14 others	71/100
7th	Orb 2019, San Francisco (United States), Acquired	Platform offering infrastructure monitoring solutions	$44.1M	Greylock Partners, Menlo Ventures & 16 others	70/100
8th	Banyan 2013, Holmdel (United States), Acquired	Provider of a platform for receipt data to power commerce innovation	$54.5M	Fin Capital, M13 Company & 24 others	70/100
9th	Spendflo 2020, San Francisco (United States), Series A	AI-native procurement platform for managing SaaS and vendors	$15.4M	Accel, Prosus & 8 others	70/100
10th	Zylo 2015, Indianapolis (United States), Series C	Platform offering SaaS applications management solutions	$72.5M	High Alpha, MassMutual Ventures & 16 others	69/100
50th	Cloudability 2011, Portland (United States), Acquired	Cloud cost management and optimization solutions for FinOps teams	$44M	Walden Venture Capital, First Round Capital ... & 11 others	53/100

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Cloudability has not made any investments yet. Cloudability has made 4 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Mar 13, 2017	Acquisition	CloudMGR	2012	San Francisco (United States)
Jan 06, 2016	Acquisition	Datahero	2011	Santa Monica (United States)
Jul 29, 2015	Acquisition	RipFog	2014	Portland (United States)