Adaptive6 has secured $28 million in Series A funding to enhance its AI-powered cloud cost governance platform, targeting significant reductions in cloud waste for enterprises.

Target Company Overview

Adaptive6, a pioneering company in cloud cost governance, has recently emerged from stealth mode and secured $28 million in Series A funding. This brings its total funding to $44 million. The company specializes in utilizing an AI-powered remediation engine to assist major enterprises, including Fortune 500 and Global 2000 companies like Bayer and Ticketmaster, in eliminating cloud waste.

By embedding their technology into engineering workflows, Adaptive6 addresses the significant issue of wasted cloud spending, which is estimated to account for approximately 30% of total enterprise cloud expenditures, surpassing $200 billion in 2025. Existing finance tools fall short in eliminating inefficiencies entrenched in engineering infrastructure and code.

Industry Overview

The cloud computing industry continues to experience exponential growth as businesses increasingly migrate to cloud-native solutions. In recent years, cloud expenditure has spiraled, driven by th