Finout, a Tel Aviv, Israel-based FinOps Certified Platform provider, secured $18.5 million to date.
- $14 million Series A led by Team8 Capital, with participation from seed funding partners R Squared Ventures, Jibe Ventures and Ariel Maislos, and a
- previously unannounced $4.5M seed round was led by Pitango First with participation from toDay Ventures.
The company intends to use the funds for the ongoing expansion of its global team, and the release of even more advanced FinOps capabilities to help companies monitor, manage, and reduce their spend, empowering them to adapt to the current market landscape.
Led by Roi Ravhon, co-founder & CEO, Finout is a modern, self-service cloud cost management and observability tool that provides FinOps business context into cloud environments. By correlating business metrics with cloud costs, clients are empowered to make business decisions that improve efficiency, pricing and go-to-market strategy. The cloud cost management platform combines all invoices into one Mega-bill, enabling an unparalleled view of cloud spend — in minutes. It combines infrastructure services from cloud providers, data warehouses and CDNs including Amazon Web Services (AWS), Google Cloud Platform (GCP), Microsoft Azure, Datadog, Kubernetes, and Snowflake as well as middleware such as Stripe, Twilio and AuthO. Companies adopting the platform include WalkMe, Riskified, Hunters, Logz.io, Pixellot, Singular and Bigabid, among others.