Finout Raises $26M Series B to Lead the Future of FinOps

I am thrilled to share that we have raised $26.3 million in our Series B funding round. This remarkable achievement was made possible by the support of RedDot Capital, Maor Investments, and our dedicated existing investors, Team8, Pitango, and Jibe Ventures.

A Heartfelt Thank You

First and foremost, I express my deepest gratitude to our investors for their unwavering belief in our vision and potential. Your support is a testament to the hard work and dedication of the entire Finout team. To our incredible customers, thank you for choosing us as your FinOps partner. Your trust and collaboration drive us to innovate and deliver the best solutions in the market continuously.

Our Journey So Far

When we founded Finout in 2021, our goal was to revolutionize how enterprises manage their cloud expenditures. In just three years, we have achieved extraordinary growth, expanding our customer base to include leading global brands like Lyft, The New York Times, and Choice Hotels. Our platform’s advanced capabilities have not only set new industry standards but also inspired others to follow our lead. It’s a great point of pride that our competition looks to us as the benchmark for excellence in FinOps.

Shaping the Future of FinOps

The FinOps landscape is rapidly evolving, and the need for comprehensive, efficient cloud cost management solutions has never been greater. Gartner predicts a 20.4% increase in global public cloud service spending to $678.8 billion in 2024. As cloud usage expands, managing and allocating costs becomes increasingly complex and crucial. Finout’s platform addresses these challenges by providing complete visibility and streamlining cost management, helping businesses optimize their cloud resources and enhance ROI.

A Unique Opportunity

Recent industry shifts, such as CloudHealth by VMware being acquired by Broadcom and Apptio being acquired by IBM, present us with a unique opportunity. Enterprises are growing increasingly frustrated with the expensive, subpar products offered by these mega-corporations. At Finout, we are committed to filling this gap by continuing to innovate and deliver superior solutions tailored to the needs of modern businesses. Our agility and customer-centric approach set us apart, enabling us to serve enterprise customers with unparalleled efficiency and effectiveness.

Leading Through Innovation

Innovation is at the core of Finout. Our platform’s ability to offer detailed insights and seamless integration with existing systems empowers enterprises to manage their cloud costs effectively. This funding round will enable us to enhance our platform further, expand our team, and accelerate our growth. We are committed to staying ahead of the curve and continuously improving our solutions to meet the evolving needs of our customers.

A Vision for the Future

Looking ahead, our mission remains clear: to lead the FinOps market by providing the most advanced and effective cloud cost management solutions. We are just getting started, and the journey ahead is filled with exciting possibilities. With this new funding, we are poised to drive even greater innovation, support more businesses, and solidify our position as the go-to FinOps platform for enterprises worldwide.

Join Us on This Journey

To our customers, partners, and team members – thank you for your continued support and dedication. Together, we are building something truly remarkable. The future of FinOps is bright, and Finout is at the forefront, ready to lead the way. Here’s to the next chapter of our journey. 

Thank you for being part of our story.

Roi Ravhon

CEO, Finout