IntSights founders unveil new cloud cost optimization startup, raise $16 million in Seed funding
IntSights founders unveil new cloud cost optimization startup, raise $16 million in Seed funding
Alon Arvatz, Gal Ben-David, and Amir Hozez’s new startup, PointFive, aims to uncover deep, infrastructure-level savings opportunities, enabling enterprise organizations to promote continuous cloud cost efficiency
PointFive, which develops a cloud cost optimization platform for enterprise companies, announced on Wednesday that it has raised $16 million in Seed funding. The round was led by Index Ventures with participation from Entrée Capital, Sheva Capital, and Vesey Ventures, and angel investors, including Assaf Rappaport, CEO and Co-Founder at Wiz; Mickey Boodaei, CEO and Co-Founder at Transmit Security; Tamar Yehoshua, Former Chief Product Officer at Slack; Rakesh Loonkar, Amiram Shachar, Guy Podjarni, David Politis, Dean Sysman and additional notable angels.
The company’s platform aims to uncover deep, infrastructure-level savings opportunities, enabling enterprise organizations to promote continuous cloud cost efficiency through actionable and collaborative remediation workflows.
The PointFive founding team—Alon Arvatz, Gal Ben-David, and Amir Hozez—have been working together for over a decade. The Unit 8200 graduates previously built IntSights, a cybersecurity startup acquired by Rapid7 for $350 million in 2021. This team brought IntSights to global scale with over $30 million in ARR and hundreds of enterprise customers. When they joined Rapid7, they were tasked with reducing cloud costs, and immediately recognized the difficulty of tracking that problem in the enterprise. It was there that the idea for PointFive started, as they saw an opportunity to build a new centralized platform that seamlessly transformed insight into action.
According to the company, PointFive’s technology typically maps out saving opportunities in customer environments of between 15-30% of their total cloud spend.
“In today's economy, where financial efficiency is critical and downsizing common, short-term optimizations fall short,” said co-founder and CEO Alon Arvatz. “We founded PointFive to equip engineers and FinOps leaders with tools that enable them to move from reactive fixes to proactive optimization, which is vital for long-term resilience and adaptability. We understand that cloud cost management is an ongoing strategy and not a one-off tactic. Our technology and innovation goes deeper than any other solution, and we not only show customers where they stand, but also help them cross the finish line.”
