Finout, a Tel Aviv, Israel-based FinOps-for-enterprise company, raised $26M in Series B funding.
The round was led by Red Dot Capital with participation from Maor Investments and existing investors Team8, Pitango, and Jibe Ventures.
The company intends to use the funds to expand operations and its development efforts.
Founded in 2021 by Roi Ravhon, Asaf Liveanu, and Yizhar Gilboa, Finout is an enterprise-grade FinOps solution that helps companies allocate, manage and reduce their cloud spending across their entire infrastructure. Its solution provides the entire organization with complete visibility and context for cloud costs, helping them save money, work more profitably, all without adding code or an agent.
Its platform is now used by leading global brands, including Lyft, the New York Times, Choice Hotels, Wiz, Tenable, and Appsflyer, to optimize cloud expenditure and allocate costs across all cloud providers and services.
FinSMEs
23/05/2024