Cloud Capital, a startup founded by repeat SaaS entrepreneurs, has launched out of stealth with £6 million in funding to help CFOs regain financial control of their cloud infrastructure. As AI accelerates cloud usage, Cloud Capital is launching the first fintech platform built for cloud. It helps companies forecast usage, unlock savings, and eliminate the financial risk of long-term commitments.
Founded by Edward Barrow (CEO), Spencer Pingry (CTO), and Zack Liscio (CPO) – the team behind Idio, Zaius, and Naytev – the trio met at Optimizely, where they experienced the complexity of cloud cost management at scale. Together, they've overseen £390m+ in cloud costs and built Cloud Capital to fix it.
Cloud is now the fastest-growing cost in tech. AI is pushing spend to a £270bn run-rate by Q4 2024, up 20% year-over-year. By 2030, it's expected to exceed £775bn.
Hyperscalers are scaling fast. In 2024, data centre capex rose 50% to £350bn—mostly for AI-ready infrastructure. Their model relies on long-term contracts, shifting financial risk to buyers.
Cloud is now the second-largest expense after headcount: 6% - 12% of revenue in SaaS, and up to 30% - 40% in AI-native firms. 27% of companies are over budget, with up to 40% in savings left on the table. Yet cloud ownership often sits with engineering, leaving finance teams without visibility or control.
Cloud Capital raised a £2m pre-seed round led by Connect Ventures, with top fintech angels. Three months later, it closed a £4m seed led by Backed Ventures and MiddleGame Ventures.
Now live, Cloud Capital works with dozens of AI, FinTech, and Cybersecurity startups across North America and Europe - helping CFOs forecast usage, unlock savings, and manage risk without rigid contracts.
