Finout Raises $26.3 Million in Series B

by Kay Aloha Villamor in May 24th, 2024

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.  


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:  

Software Category: Financial Operations (FinOps)  

Source: Lazer Cohen  

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