Finout Raises $26 Million in Series B Funding Led by Red Dot Capital for its FinOps Platform
Amount Raised
$26.3 Million
Round Type
Series B
Tel AvivSoftwareInvestors
Description
Finout, the FinOps-for-enterprise company, announced a $26.3 million Series B funding round led by Red Dot Capital with the participation of Maor Investments and existing investors - Team8, Pitango, and Jibe Ventures. Finout’s complete FinOps 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. The funding brings the total raised by Finout to $45 million. Gartner predicts a 20.4% increase in global public cloud service spending to $678.8 billion in 2024, highlighting the growing reliance on cloud resources.
Quick answer
Finout raised $26.3 Million in a Series B round, dated May 23, 2024. Investors: Jibe Ventures, Pitango, Team8, Maor Investments and Red Dot Capital. Finout is based in Tel Aviv, Tel Aviv District, Israel.
- How much did Finout raise?
- Finout raised $26.3 Million in a Series B round on May 23, 2024.
- Who invested in Finout?
- Jibe Ventures, Pitango, Team8, Maor Investments and Red Dot Capital are named as investors in this round.
- What does Finout do?
- Finout is an enterprise-grade FinOps solution that helps companies easily allocate, manage and reduce their cloud spending across their entire infrastructure.
- Where is Finout based and how big is it?
- Finout is based in Tel Aviv, Tel Aviv District, Israel. Fundz records about 90 employees.
- Who are the decision-makers at Finout?
- Fundz holds 2 contacts at Finout. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Software around the same time
Companies in the same sectors as Finout that raised within 45 days of this round, from Fundz verified event records.
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