SmartGateVC has invested in Cloudchipr, a multi-cloud cost management platform aimed at reducing cloud expenses and enhancing sustainability.

Target Information

We are pleased to announce our investment in Cloudchipr, a cloud cost management and analytics platform specifically designed for multi-cloud environments. Cloudchipr provides comprehensive visibility into all cloud activities and effectively retrieves unused resources through predefined filters. This self-service platform empowers non-SRE specialists, including founders, operators, and developers, to achieve significant time-to-value acceleration with a competitive, transparent, and customer-centric pricing model.

Industry Overview in the Target’s Country

The cloud management industry has experienced unprecedented growth in recent years, with global cloud spending expected to surge beyond $200 billion. In 2021 alone, a staggering $28 billion was wasted on unused cloud resources, highlighting a substantial market opportunity for effective cloud cost management solutions. As organizations increasingly adopt multi-cloud strategies, the complexity of managing resources from various providers can lead to overspending and inefficiencies.

With the ongoing acceleration towards remote work and digital transformation, the demand for cloud services has soared, necessitating robust solutions to ensure cost efficiency