Finout Revolutionizes FinOps with $26 Million Series B Funding
May 24, 2024, 3:33 pm
Location: Israel, Tel Aviv District, Tel Aviv-Yafo
Employees: 11-50
Founded date: 2021
Total raised: $44.5M
Finout, the FinOps-for-enterprise company, secures $26 million in Series B funding, propelling its complete platform to new heights in cloud cost management.
Finout, a game-changer in the FinOps industry, has just raised a staggering $26 million in Series B funding. This financial injection, led by Red Dot Capital and supported by Maor Investments, Team8, Pitango, and Jibe Ventures, marks a significant milestone in Finout's journey towards revolutionizing cloud cost management.
The company's complete FinOps platform has already captured the attention of Fortune 500 companies, including Lyft, the New York Times, Choice Hotels, Wiz, Tenable, and Appsflyer. These industry giants have embraced Finout's solution to optimize cloud expenditure and efficiently allocate costs across various cloud providers and services.
In a world where cloud usage is skyrocketing, managing and allocating costs has become a critical challenge for enterprises. Finout's comprehensive FinOps platform offers a unified view of cloud spending, empowering businesses to streamline cost management, enhance ROI, and optimize their cloud resources with precision and accountability.
Roi Ravhon, co-founder and CEO of Finout, emphasizes the increasing demand for their platform among large enterprises. He highlights the impracticality of building in-house solutions due to the complexity of supporting multiple cloud environments, making Finout a beacon of efficiency and scalability in the FinOps landscape.
Vijay Kurra, Senior Manager of Cloud FinOps at Tenable, praises Finout's advanced visibility capabilities, which enable development teams to manage cloud resource usage more efficiently. With Finout's detailed insights, businesses can identify and address cost inefficiencies with unparalleled precision, driving ongoing success and growth.
Founded in 2021 by Roi Ravhon, Asaf Liveanu, and Yizhar Gilboa, Finout has consistently exceeded expectations, achieving a remarkable 9-fold revenue growth in 2023 and tripling its revenue since the beginning of 2024. The recent acquisition of Cloudthread and the addition of Cloudability's founder and CEO to Finout's board of directors further solidify the company's position as a leader in FinOps innovation.
Barak Salomon, Managing Partner of Red Dot Capital Partners, recognizes Finout as the cornerstone for cost management in the modern enterprise. As cloud consumption continues to rise in volume and complexity, Finout's platform has emerged as the standard-bearer for companies seeking modern solutions to navigate the evolving cloud landscape.
In a world where every penny counts, Finout's enterprise-grade FinOps solution offers companies a lifeline to effectively allocate, manage, and reduce their cloud spending. With complete visibility and context for cloud costs, businesses can save money, work smarter, and innovate more profitably, all without the hassle of adding code or an agent.
As Finout's funding milestone propels the company to new heights, the future of FinOps shines brighter than ever, with Finout leading the charge towards a more efficient, cost-effective, and innovative cloud cost management landscape.
Finout, a game-changer in the FinOps industry, has just raised a staggering $26 million in Series B funding. This financial injection, led by Red Dot Capital and supported by Maor Investments, Team8, Pitango, and Jibe Ventures, marks a significant milestone in Finout's journey towards revolutionizing cloud cost management.
The company's complete FinOps platform has already captured the attention of Fortune 500 companies, including Lyft, the New York Times, Choice Hotels, Wiz, Tenable, and Appsflyer. These industry giants have embraced Finout's solution to optimize cloud expenditure and efficiently allocate costs across various cloud providers and services.
In a world where cloud usage is skyrocketing, managing and allocating costs has become a critical challenge for enterprises. Finout's comprehensive FinOps platform offers a unified view of cloud spending, empowering businesses to streamline cost management, enhance ROI, and optimize their cloud resources with precision and accountability.
Roi Ravhon, co-founder and CEO of Finout, emphasizes the increasing demand for their platform among large enterprises. He highlights the impracticality of building in-house solutions due to the complexity of supporting multiple cloud environments, making Finout a beacon of efficiency and scalability in the FinOps landscape.
Vijay Kurra, Senior Manager of Cloud FinOps at Tenable, praises Finout's advanced visibility capabilities, which enable development teams to manage cloud resource usage more efficiently. With Finout's detailed insights, businesses can identify and address cost inefficiencies with unparalleled precision, driving ongoing success and growth.
Founded in 2021 by Roi Ravhon, Asaf Liveanu, and Yizhar Gilboa, Finout has consistently exceeded expectations, achieving a remarkable 9-fold revenue growth in 2023 and tripling its revenue since the beginning of 2024. The recent acquisition of Cloudthread and the addition of Cloudability's founder and CEO to Finout's board of directors further solidify the company's position as a leader in FinOps innovation.
Barak Salomon, Managing Partner of Red Dot Capital Partners, recognizes Finout as the cornerstone for cost management in the modern enterprise. As cloud consumption continues to rise in volume and complexity, Finout's platform has emerged as the standard-bearer for companies seeking modern solutions to navigate the evolving cloud landscape.
In a world where every penny counts, Finout's enterprise-grade FinOps solution offers companies a lifeline to effectively allocate, manage, and reduce their cloud spending. With complete visibility and context for cloud costs, businesses can save money, work smarter, and innovate more profitably, all without the hassle of adding code or an agent.
As Finout's funding milestone propels the company to new heights, the future of FinOps shines brighter than ever, with Finout leading the charge towards a more efficient, cost-effective, and innovative cloud cost management landscape.