Archera Closes $7M Series A Funding Round
- Archera (formerly Reserved.ai), a Seattle, WA-based Cloud Resource Automation platform provider, raised $7m in Series A funding
- The round, which brings total funding to $10.3m, was co-led by Ridge Ventures and Amplify Partners
- The company intends to use the funds to further develop its Cloud Resource Automation platform and boost its marketing and sales infrastructure to meet escalating demand
- The company is a Cloud Resource Automation platform that enables organizations to operate dynamically in the cloud
- The platform is designed to help enterprise companies manage and de-risk an organization’s cloud resources to reduce cloud spend
- The solution enables enterprises running on AWS and Microsoft Azure to build forecasts, plan and automatically execute commitment plans
