Finout Raised $18.5M in Series A and Seed Capital


Finout, a Tel Aviv, Israel-based FinOps Certified Platform provider, secured $18.5 million to date.

It contained:

  • $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 plans to use the funds to continue expanding its global team and to release FinOps capabilities that will help companies monitor, manage and reduce their spending, giving them the ability to adapt to current market conditions.

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. Clients can make smarter business decisions, such as pricing, efficiency and going-to-market strategies by correlating cloud costs to business metrics. 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 of cloud providers, data warehouses or CDNs such as Amazon Web Services, Google Cloud Platform (GCP), Microsoft Azure Datadog, Kubernetes and Snowflake with middleware such as Stripe Twilio and AuthO. Some of the companies that have adopted the platform are: WalkMe (Riskified), Hunters, Pixellot, Singular, Bigabid and others.

Get latest news from African Startup ecosystem

Latest stories

You might also like...