Mavvrik, an Austin, TX-based provider of a platform for IT financial control, raised $6.2M in Seed funding.
The round was led by S3 Ventures and Flyover Capital, with participation from Tuesday Capital, ClutchVC, Amplify.LA, and Knoll Ventures.
The company intends to use the funds to accelerate its go-to-market expansion and product innovation.
Led by CEO Sundeep Goel, Mavvrik is a financial control company for modern IT, providing enterprises with complete visibility, automation, and governance across cloud, AI, SaaS, and on-prem infrastructure. Built for CFOs, FinOps, and IT leaders, it eliminates financial blind spots, enforces accountability, and transforms IT costs into strategic investments. With real-time cost tracking, automated chargebacks, and predictive budget controls, the company helps enterprises reduce waste, optimize AI and hybrid cloud spend, and maintain financial precision at scale.
Mavvrik solves this problem by serving as a source for cloud, AI, on-prem, and SaaS spend, ensuring enterprises can:
- Gain full cost visibility across cloud, AI, on-prem, and SaaS ecosystems;
- Automate cost allocation and chargebacks to hold teams financially accountable;
- Set budget guardrails and anomaly detection to prevent cost overruns;
- Optimize AI and GPU spend with per-model tracking and forecasting;
- Track cost-to-serve at the customer, product, and feature level to optimize profitability.
As part of this growth, Mavvrik is expanding its leadership team, including the appointments of:
- Paul Franz, VP of Sales;
- Chris Paap, VP of Product Management;
- and Lindsey Tishgart, VP of Marketing.
FinSMEs
19/02/2025