Startup CloudZero has raised $56 million from investors to enhance its namesake software platform, which helps enterprises lower their cloud expenses. Companies search for opportunities to lower cloud costs by analyzing their infrastructure- and software-as-service bills. Each cloud provider formats spending data differently, which means that the data has to be organized into a single, consistent format before it can be reviewed. CloudZero says that its platform automates the task to save time for finance teams. After normalizing spending data, the company’s software breaks it down by source. CloudZero can display the costs incurred by each of a company’s cloud environments, workloads and business units. It also provides more granular information. The platform can calculate, among others, the cloud expenses associated with specific application features. CloudZero says that its platform can provide visibility into Kubernetes spending regardless of label quality. CloudZero can measure how effectively a company uses long-term purchase agreements. It also identifies spending spikes. Built-in artificial intelligence models measure out the average hourly cost of running a cloud workload and detect sudden increases. CloudZero now manages more than $14 billion in cloud spending for customers. It claims that those customers take an average of three months to make back what they spend on its software.