Archera announced today closing 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.

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.

Archera is a leading provider of cloud purchasing and management solutions. Archera enables your dynamic cloud operations by helping you manage and de-risk AWS and Azure savings plans, RI, and private pricing commitments.