内容来源：https://www.geekwire.com/2026/vega-cloud-enters-receivership-with-millions-in-debt-in-surprise-turn-for-spokane-tech-standout/

内容总结：

云成本管理新星陨落：Vega Cloud资不抵债进入接管程序

总部位于美国华盛顿州自由湖的科技初创企业Vega Cloud，因无力偿还债务，已于近日被法院指定接管人接管。这家成立于2018年、专注于帮助企业优化云支出的公司，曾被视为太平洋西北地区创业圈的新星，如今却陷入财务困境。

根据向华盛顿州金县高等法院提交的法律文件，Vega Cloud在1月15日进入接管程序时，其银行账户余额已不足1.7万美元。公司债务清单显示，其欠云服务巨头亚马逊AWS的款项高达近83万美元。此外，公司还拖欠员工佣金、奖金及报销款，并有未缴的各类税款。

Vega Cloud主营业务属于“云财务运营”（FinOps）领域，旨在通过自动化工具帮助中型企业管理其在AWS、Azure和谷歌云等平台上的支出，避免资源浪费。公司发展一度势头良好，据PitchBook数据，截至2023年其年收入约达700万美元，并已完成1220万美元融资，曾跻身GeekWire 200太平洋西北地区初创企业榜单。

然而，形势急转直下。公司联合创始人兼CEO克里斯·布莱斯纳在回应询问时称，公司正在通过接管程序进行重组，但未透露具体原因。文件显示，公司员工人数已从两年前的约65人缩减至本月初的约35人。

此次接管程序在法律上称为“为债权人利益转让”，意味着由中立接管人接管公司，暂停债权人追偿，并在法院监督下处置资产与偿债。公司最大的有担保债权人是太阳山私人信贷基金，被欠款350万美元，该债务由Vega Cloud的知识产权（软件、专利等）作为抵押。此外，公司还发行了总额约250万美元的可转换本票。

仅仅在2024年3月，布莱斯纳还曾乐观表示公司正计划进行2000万至3000万美元的新一轮融资，并考虑未来上市。主要投资人之一马丁·托比亚斯此前也称赞布莱斯纳及其解决方案。如今，接管人将负责接管公司资产与记录，评估并出售知识产权等资产，按法定优先顺序向债权人分配收益。公司能否部分保全并获新生，员工与产品命运如何，目前仍是未知数。

中文翻译：

总部位于斯波坎地区的科技初创公司Vega Cloud因无力偿还债务，现已进入破产接管程序。这家帮助企业管控云服务支出的软件开发商，目前拖欠云服务巨头亚马逊网络服务近83万美元。

据PitchBook数据显示，2018年在华盛顿州自由湖成立的Vega Cloud已累计融资1220万美元，截至2023年实现年收入约700万美元。该公司曾入选GeekWire 200榜单，在我们最新发布的太平洋西北地区初创企业指数季度更新中位列第181名。

导致Vega Cloud陷入困境的原因尚不明确。联合创始人兼首席执行官克里斯·布利斯纳本周末通过邮件回应询问时表示，公司正在通过破产接管进行重组，并称希望能透露更多细节。法庭文件显示，1月15日周四该公司在金县高等法院进入接管程序时，银行账户余额不足1.7万美元。领英数据显示，本月早些时候公司员工约35人，较两年前的65人有所减少。

破产接管是州级法律程序，常作为破产的替代方案。本案中Vega Cloud执行了"债权人利益转让"程序，由中立第三方接管公司，暂停债权人追偿，资产处置与债务偿还事宜均受法院监督。此类情况下，资产有时能基本完整出售，为新投资者重启业务创造可能。但目前公司员工安置与产品去向仍未明朗。

曾怀上市雄心

在2024年3月GeekWire斯波坎专题访谈中，布利斯纳曾乐观描述公司发展轨迹，透露正筹划2000万至3000万美元融资并瞄准公开市场。"我们正推动Vega探索IPO路径，认为这对我们切实可行。"他当时表示。

Vega Cloud深耕FinOps（财务运营）领域，通过整合财务与技术团队追踪云支出、避免浪费，帮助企业管控云服务成本。随着企业持续投入云计算却常忽视闲置资源消耗，这类服务日益重要。该公司专注为中型企业管理AWS、Azure和谷歌云平台支出，利用自动化工具发现问题并提供解决方案。

在联系紧密的斯波坎科技圈，Vega Cloud被视为具备成长潜力的新星。我们早在2022年其完成900万美元融资时就关注到这家公司。长期活跃于太平洋西北地区企业科技领域的投资人马丁·托比亚斯，在疫情期间从西雅图移居斯波坎后不久便投资了该公司。他在2024年初曾表示这可能会成为其最成功的投资之一。

托比亚斯认为布利斯纳正是他寻觅的创始人类型：拥有深厚市场经验，曾尝试某种解决方案，意识到其不可扩展性后能提出更优方案。"他为老问题找到了新解法。"托比亚斯评价道。布利斯纳此前联合创立的云迁移公司2nd Watch融资约5600万美元，后将其多数股权出售给新加坡投资者ST Telemedia。

财务细节披露

法庭文件揭示了这家私营企业的内部状况。首先，公司拥有真实客户与营收，合作方包括派拉蒙、赫斯特、德勤、莫利纳医疗、约翰威立出版集团、加州州立理工大学等，应收账款约26.4万美元。

最大担保债权人是太阳山私人信贷基金一号，债务金额350万美元，以Vega Cloud的知识产权（软件、专利、商标及域名）作为抵押，这些资产出售所得将优先偿还该机构。除欠AWS的83万美元外，法庭记录显示公司还发行了总额约250万美元的可转换本票，兑付期贯穿2025年全年。

文件列出了被拖欠佣金、奖金及费用报销的现任及前任员工，部分奖金义务可追溯至2023年。公司还欠缴美国国税局及多个州税务机构的工资税与预扣税。

布利斯纳持有约30%股份，为最大股东。其他重要投资者包括Album Ventures（10%）、考尔斯公司（3%）、鲁丁公司（3%）、Kick-Start III与IV基金（合计4%）、塔科马风险基金（1.5%）及斗牛犬风投（1%）。股东名单还涵盖航行者资本、天使联盟、锐势创投、晨星基金会及数十名个人投资者。

在法院监督下，接管人将接管Vega Cloud资产与记录，冻结银行账户与数据，评估并出售知识产权等资产，回收剩余应收账款，并按优先顺序向债权人分配收益。文件未明确资产出售时间表或业务持续运营计划，这些细节通常将通过后续的接管人报告披露。

英文来源：

Vega Cloud, a Spokane-area tech startup that makes software to help companies manage their cloud spending, has been placed into the hands of a receiver after declaring it could no longer pay its debts.
Among those debts: nearly $830,000 owed to cloud giant Amazon Web Services.
Vega Cloud, founded in 2018 and based in Liberty Lake, Wash., had raised $12.2 million and reached about $7 million in annual revenue as of 2023, according to PitchBook data. It had also cracked the GeekWire 200 — ranking #181 in the most recent quarterly update of our Pacific Northwest startup index.
What brought Vega Cloud to this point isn’t clear. Responding to our email inquiry this weekend, co-founder and CEO Kris Bliesner said the company is going through a restructuring via receivership, and said he wished he could say more about the situation.
The company had less than $17,000 in the bank when it was placed into receivership Thursday, Jan. 15, in King County Superior Court in Seattle, the filing shows. It employed about 35 people as of earlier this month, down from about 65 two years ago, according to LinkedIn.
Receivership is a state-level process often used as an alternative to bankruptcy. In this case, Vega Cloud executed what’s known as an Assignment for the Benefit of Creditors, which puts a neutral party in charge of the company, pauses creditor collections, and places decisions about asset sales and payments under court supervision.
Sometimes those assets sell mostly intact, allowing new investors to give a business another try. But at this point, it’s not yet clear what will happen to the company’s employees or product.
Past ambitions for an IPO
In a March 2024 interview for GeekWire’s special series on Spokane, Bliesner described Vega Cloud’s trajectory in optimistic terms, saying the company was planning a $20 million to $30 million funding round and eyeing the public markets.
“We’re trying to push the envelope at Vega to maybe do the IPO route,” Bliesner said at the time. “We think that’s a viable thing for us.”
Vega Cloud operates in the sector known as FinOps, short for financial operations, helping companies get a handle on their cloud spending by bringing together finance and technical teams to track costs and avoid waste.
This is becoming more and more important as businesses pour money into cloud computing, often without realizing how much they’re spending on unused resources. Vega Cloud focused specifically on helping mid-sized companies manage spending across AWS, Azure, and Google Cloud, using automated tools to spot problems and recommend fixes.
In the tight-knit Spokane tech community, Vega Cloud has been seen as a startup with the potential to make it big. We took note of the company in 2022, when it raised $9 million.
Investor and entrepreneur Martin Tobias, a longtime fixture in Pacific Northwest enterprise tech, invested in Vega Cloud shortly after moving from Seattle to Spokane during the pandemic. He told us in early 2024 that it would probably be one of his most successful investments.
Tobias said Bliesner was exactly the kind of founder he looks for: someone with deep experience in a market who had tried to solve something one way, realized it wasn’t going to scale, and came up with a better solution.
“He took a new approach to an old problem,” Tobias said at the time.
Bliesner previously co-founded cloud migration startup 2nd Watch, which raised about $56 million before selling a majority interest to Singapore-based investor ST Telemedia.
Financial details from the filing
Vega Cloud’s court filings give an inside look at the privately held business.
First, the company had real customers and revenue. The filings list contracts with companies including Paramount, Hearst, Deloitte, Molina Healthcare, John Wiley & Sons, and Cal Poly, among others. It lists roughly $264,000 in accounts receivable.
The largest secured creditor is Sun Mountain Private Credit Fund I, owed $3.5 million. That debt is backed by Vega Cloud’s intellectual property — its software, patents, trademarks, and domain names. Any proceeds from a sale of those assets would go first to that lender.
In addition to the roughly $830,000 owed to AWS, the court records show convertible promissory notes totaling about $2.5 million that were issued to investors throughout 2025.
The records list current and former employees who are owed unpaid commissions, bonuses, and expense reimbursements, with some bonus obligations dating back to 2023. The company also owes payroll and withholding taxes to the IRS and multiple state tax agencies.
Bliesner is the largest shareholder at about 30%. Other significant investors include Album Ventures (10%), Cowles Company (3%), Rudeen & Company (3%), Kick-Start III and IV (combined 4%), Tacoma Venture Fund (1.5%), and Pitbull Ventures (1%).
The shareholder list also includes Voyager Capital, Alliance of Angels, Incisive Ventures, and Morning Star Foundation, along with dozens of individual investors.
Under court supervision, the receiver can now take possession of Vega Cloud’s assets and records, secure its bank accounts and data, evaluate and sell assets such as intellectual property, collect remaining receivables, and distribute proceeds to creditors in priority order.
The filings do not include a timeline for asset sales or any plan for the business to continue operating. Those details typically emerge later through receiver reports.