Cloudability has announced that it has closed a Seed investment round of $1.1 million, led by Trinity Ventures and Walden VC. The round also includes $255K in funding from a local consortium of Portland-based angel investors -- over half of the angel money in the round. Cloudability will use the Seed round to expand its engineering team, accelerate platform development and additional cloud-service integrations, and strengthen its position as the leading choice for businesses to manage their cloud costs and services.

Cloudability addresses the growing need to increase efficiency of cloud-use and provide cloud users with a simple way to monitor cloud costs, helping them avoid unnecessary overages and unused instances. Part of the Amazon Web Service (AWS) Solution Provider program, Cloudability offers access to cloud billing and usage data from over 80 providers like AWS, Rackspace and Heroku via an API, and connects to any business, financial system or web app they choose.

Since its beta launch Cloudability has signed up over 1,000 active companies to the platform, and is currently managing over $21 million in cloud spend.