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Brother duo raises $26 million to help businesses lower software spend

Designed to help businesses intelligently reduce their annual software spend by 20-30%, Vertice streamlines the purchasing process and addresses the continuous uptick in the cost of SaaS applications
By Tech.eu
May 18, 2022
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Vertice raises $25M for AI-based tools to help companies tackle software spend
Investment led by 83North and Bessemer Venture Partners follows 7x ARR growth in 2023.
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Software inflation surpasses UK consumer inflation in 2023
Software inflation in 2023 has outpaced UK consumer inflation for the first time, hitting a high of 8.7%. This data was reported by Vertice, the SaaS and cloud spend optimization platform, and significantly exceeds the UK’s Consumer Price Index (CPI) inflation, which is at 6.7%.
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Cloud costs increase amid SaaS pricing hikes
Vertice, which provides a cloud and SaaS cost optimization platform, pegged the 2023 SaaS inflation rate at 8.7%. The company's annual SaaS Inflation Index, published this week, noted that nearly three-quarters of software vendors raised prices over the past 12 months.
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Vertice wins big in TechRound’s SaaS66 Awards
Vertice is proud to feature in TechRound's shortlist of the UK and Europe's most innovative SaaS companies and initiatives.