Numerous startups are causing waves in the rapidly growing field of cloud computing with their creative ideas, helping to shape the direction of this exciting sector.
Numerous startups are causing waves in the rapidly growing field of cloud computing with their creative ideas, helping to shape the direction of this exciting sector. These upstart businesses are demonstrating their mettle, displaying great Product-industry Fit, and growing their impact across cloud platforms as the cloud computing industry is predicted to soar from $0.58 trillion in 2023 to an astounding $1.24 trillion by 2028.
Here, in alphabetical order, we highlight seven standout startups anticipated to make significant strides in the cloud computing landscape in 2024.
1. Cast AI (Founded in 2019)
Cast AI specializes in cloud optimization for Kubernetes, aiming to slash cloud costs by at least half for AWS, GCP, and Azure customers utilizing Kubernetes’ cloud-native technology. With $73 million in funding, including a recent $35 million series B round, Cast AI plans to further automate Kubernetes optimization, allowing organizations to focus on product development rather than cloud infrastructure concerns.
2. Chronosphere (Founded in 2019)
Chronosphere offers a cloud platform that analyzes data generated by organizations’ IT assets, identifying technical issues before they impact customer experiences. With a valuation of $1.6 billion and $342.5 million in funding, Chronosphere provides a solution to manage uncontrolled data growth and complexity inherent in cloud computing, ensuring organizations can monitor, fix, and control their data effectively.
3. Dazz (Founded in 2021)
Dazz is a cloud security platform designed to help companies identify and mitigate security risks in their cloud environments. With $60 million in funding, Dazz automates the remediation process for security vulnerabilities, offering a centralized platform for addressing issues across infrastructure, applications, cloud platforms, and code.
4. DuploCloud (Founded in 2018)
DuploCloud streamlines the process of provisioning apps to public clouds like AWS, GCP, and Azure. With $49.5 million in funding, DuploCloud’s platform focuses on making infrastructure-as-code and DevOps accessible for everyone, ensuring compliance and security for organizations operating in the public cloud.
5. Grip Security (Founded in 2021)
Grip Security is a cloud data security startup employing a zero-trust approach to monitor, control, and audit cloud activity across networks, devices, and users. With $66 million in funding, Grip Security provides end-to-end visibility, data security, and governance, helping organizations secure their SaaS environments and mitigate cyber risks effectively.
6. Impossible Cloud (Founded in 2021)
Impossible Cloud, a decentralized, multi-service cloud provider, utilizes blockchain cloud infrastructure and Web3 technology for secure data storage and computing. With approximately $10.9 million in funding, Impossible Cloud offers cost-effective and scalable cloud storage solutions for business-to-business customers without the need for cryptocurrency transactions.
7. Wiz (Founded in 2020)
Wiz, a cloud security startup, assists organizations in preventing, detecting, and responding to threats swiftly across AWS, GCP, Azure, and Kubernetes. With a staggering $900 million in funding and a $10 billion valuation, Wiz’s security graph correlates data to protect networks and workloads, attracting over 40% of Fortune 100 companies.
As the cloud computing landscape continues to evolve, these startups are positioned to drive innovation, reshape business operations, and play a pivotal role in the tech world’s transformation. Keep a close eye on these dynamic companies as they navigate the ever-changing cloud computing horizon in 2024.