Archera closed a $17 million Series B round accompanied by access to over $100 million in reinsurance capacity. This empowers the company to pioneer insurance and financing solutions that enable flexible and cost-effective cloud resource procurement.
Built for cloud engineering, DevOps, and FinOps and finance teams that need to efficiently purchase and manage cloud resources, Archera's free management platform and unique commitment insurance and financing products bring flexibility, control, and automation to the process of buying public cloud resources—enabling teams to reduce the risk of overcommitment while optimizing rates.
The equity round was led by HighSage Ventures with participation from Ridge Ventures, Amplify Partners, and PSL Ventures. Archera will be using the funding to accelerate multi-cloud offerings as well as offer new financial products.
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