Finout, a Tel Aviv, Israel-based FinOps-for-enterprise platform, raised $40M in Series C funding.
The round was led by Insight Partners, with participation from Pitango, Team8, Red Dot Capital, and Maor Investments.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Roi Ravhon, Finout develops a cloud cost management platform that provides enterprises with enhanced visibility and control over their cloud spending through advanced allocation, unit economics analysis, and planning and forecasting capabilities. It enables organizations to drive accountability and contextualize cloud spend across teams, features, and business units while providing the business insights needed to understand spend at the customer, transaction, and feature level.
The company’s platform powers cloud-agnostic cost allocation and governance for industry leaders, including SiriusXM, Lyft, The New York Times, Choice Hotels, Wiz, Tenable, and Alchemy.
FinSMEs
30/01/2025