Cloudability received $1.1 million in seed funding from Trinity Ventures and Walden VC, among other investors. A local group of Portland angel investors also chipped in with another $255,000.

The startup brings the economics of the cloud full circle from the user side: it addresses the fact that while as-a-service solutions are much cheaper than in-house alternatives, costs can be further reduced by preventing excess usage and managing a deployment properly. Cloudability’s offering supports 81 different platforms, including Amazon Web Services, and works by monitoring company accounts via an API and sending regular updates about how much has been spent.

The new capital will be used to grow the company’s staff and invest in R&D, in addition to growing the number of cloud services it currently supports.

“Cloud usage continues to grow rapidly across industries – few companies are left that haven’t adopted cloud services in some form by now,” said Mat Ellis, CEO and co-founder of Cloudability. “We give our customers peace of mind that they’re protected from overages. We’re thrilled that our investors see the value in our services and the opportunity for tremendous growth in our business over the coming year.”

SiliconANGLE’s Alex Williams covered Cloudability’s launch out of stealth in a November post.

Cloud monitoring is becoming an increasingly profitable trend, especially as organizations are adopting the cloud and other technologies that require a great deal of automation at a growing pace. The VCs have also spotted this trend, and they’re defintley interested, looking at recent developments.

Another company that deals with monitoring and compliance is ServiceMash, which raised $15 million in funding just last month from Ignition Partners. It offers the Agility Platform, a service level agreement solution that allows enterprises to administrate their hybrid clouds.