Finout Team Photo Credit: Omer Hacohen
Finout is an Israeli startup offering a FinOps platform that calls itself the FinOps-for-enterprise company. The company raised $26.3 million in a Series B funding round led by Red Dot Capital. Finout’s complete FinOps platform is now used by global brands, including Lyft, the New York Times, Choice Hotels, Wiz, Tenable, and Appsflyer. The funding brings the total raised by Finout to $45 million.
FinOps is a combination of operational framework and cultural shift designed to help organizations get the most value out of cloud computing. It’s not just about saving money, but about making informed decisions on cloud spending to optimize business value.
Its core goal is to maximize business value from cloud resources, not just minimize cost. FinOps can improve cost optimization without sacrificing performance or security, increase cloud cost transparency and accountability and offers data-driven decision making for cloud resource allocation.
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Co-founded in 2021 by CEO Roi Ravhon, CPO Asaf Liveanu and CTO Yizhar Gilboa, Finout is an enterprise-grade FinOps solution that helps companies easily allocate, manage and reduce their cloud spending across their entire infrastructure. Finout boasts that its solution provides the entire organization with complete visibility & context for your cloud costs, helping them save money, work smarter, & innovate more profitably, all without adding code or an agent.
Gartner predicts a 20.4% increase in global public cloud service spending to $678.8 billion in 2024, highlighting the growing reliance on cloud resources. As cloud usage expands, managing and allocating costs becomes crucial yet challenging, involving detailed bill analysis and complex tools that can be time-consuming. Enterprises need a unified view of their cloud spending to manage expenses efficiently. Finout’s comprehensive FinOps platform addresses these issues by providing complete visibility and streamlining cost management and allocation, helping businesses optimize their cloud resources and enhance ROI.
“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.”
