Finout, a Tel Aviv, Israel-based financial operations (FinOps) company, raised $26.3 million in Series B funding, bringing its total raised to $45 million.
Investors
The round was led by Red Dot Capital, with participation from Maor Investments and existing investors Team8, Pitango First, and Jibe Ventures.
Founded in 2016, Red Dot Capital Partners is a venture capital firm based in Savyo, Israel. The firm focuses on Israeli growth-stage technology companies.
Finout Use of Funds
The funds will enhance platform capabilities, scale operations, expand market reach, and integrate acquired technologies like Cloudthread,
About Finout
Founded in 2021 by Roi Ravhon, Asaf Liveanu, and Yizhar Gilboa, Finout is an enterprise-grade FinOps solution that helps companies easily allocate, manage, and reduce their cloud spending across their entire infrastructure. The platform provides detailed visibility and management of cloud costs across multiple providers and services. Finout's platform is now used by leading global brands such as Lyft, the New York Times, Choice Hotels, Wiz, Tenable, and Appsflyer.
Funding Details
Company: Finout, Inc.
Raised: $26.3M
Round: Series B
Funding Month: May 2024
Lead Investors: Red Dot Capital
Additional Investors: Maor Investments, Team8, Pitango First, Jibe Ventures
Company Website: https://www.finout.io/
Software Category: Financial Operations (FinOps)
Source: Lazer Cohen