August 03, 2022
Company doubles ARR and surpasses $1B in annualized cloud spend under management
PALO ALTO, Calif. – August 3, 2022 – Yotascale, the leading choice for cloud cost management in modern SaaS organizations, today announced the company’s strong business growth and recognition from top industry analysts this year. In 2022, Yotascale doubled its annual recurring revenue (ARR) and secured 100% of customer renewals with a 70% upsell rate, resulting in an impressive net dollar retention (NDR) rate of 180% year over year. The company welcomed new enterprise customers this year including Okta and Lime and tripled its footprint at one of the top global video streaming providers.
With an engineering-friendly, “no-cent-left-behind” approach to cloud cost management, Yotascale now optimizes more than $1 billion of annualized cloud spend for some of the best SaaS teams in the world, including those at Zoom, Hulu, Compass, and Klarna. This strong business momentum is fueled by the macroeconomic climate forcing companies to prioritize cost efficiency.
“Organizations are looking to rein in cloud costs as quickly as possible, and that is exactly why our approach is resonating,” said Asim Razzaq, CEO at Yotascale. “Unlike first-generation cloud cost management products that were designed to only help finance teams analyze cloud bills, Yotascale was purpose-built to help engineering teams minimize cloud spend the moment a cost opportunity or anomaly arises. With Yotascale, engineers don’t have to wait for Finance to ask; they are given the visibility, control, and trust to act. The faster you act, the more you save.” Read rest here.