Rhombus announced the acquisition of Dashdive, a SaaS platform specializing in monitoring and analyzing multi-tenant cloud service costs.

According to the announcement, the acquisition enables Rhombus to optimize cloud expenses and deliver more cost-effective solutions to its global, cross-industry customer base. Rhombus had been using Dashdive’s technology to gain deeper insights into its cloud costs on a per-camera and per-customer basis. This acquisition allows Rhombus to fully integrate Dashdive’s powerful cost management capabilities into its operations, supporting the company’s mission to deliver enterprise-grade cloud-based camera, sensor, access control, and alarm monitoring systems at competitive price points.

“As we’ve scaled to more than 50,000 locations worldwide, understanding our cloud infrastructure costs at a granular level becomes increasingly critical,” said Brandon Salzberg, vice president, of engineering. “Dashdive has already played a critical role helping us optimize cloud expenses. By bringing the technology in-house with this acquisition, we’re strengthening our operational efficiency and passing those benefits on to our customers through more competitive pricing and enhanced service delivery.”

Dashdive, a Y-Combinator-backed company, developed tools that break down multi-tenant cloud costs by feature — providing organizations with visibility into their cloud spending. The Dashdive team will join Rhombus, ensuring continuity and expertise as the companies integrate their technologies, the announcement stated.

“Joining forces with Rhombus is the perfect next step for Dashdive,” said Adam Shugar, CTO and co-founder, Dashdive. “Seeing how Rhombus has leveraged our platform to enhance their services validates our vision, and we’re excited to continue this journey as part of the Rhombus team.”