Finout raises $26 million Series B to optimize cloud expenditure
Finout raises $26 million Series B to optimize cloud expenditure
The Israeli startup’s FinOps platform is 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
FinOps-for-enterprise company Finout announced a $26.3 million Series B funding round on Thursday 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 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.
"Large enterprises are increasingly turning to our platform to address their FinOps challenges," said Roi Ravhon, co-founder and CEO of Finout. "Building an in-house solution isn't practical because of the work, complexity, and dynamic nature of supporting multiple cloud environments. We see many enterprises turning to Finout to manage their data layer, allowing them to focus on their own FinOps logic, seamless integration with existing systems, and supporting the implementation of FinOps culture at scale."
Finout was founded in 2021 by Roi Ravhon (CEO), Asaf Liveanu (CPO), and Yizhar Gilboa (CTO). Roi and Asaf worked together at Logz.io and founded the company with Yizhar, who served with Roi in the IDF’s Unit 8200.
According to the company, it grew its revenue 9-fold in 2023 and 3-fold since the beginning of 2024. In April, Cloudthread, a cloud cost usage optimization startup, became part of Finout, while Cloudability’s founder and CEO Mat Ellis previously joined Finout’s board of directors.
