Index Ventures is a venture capital firm based in London, San Francisco, and Geneva, helping entrepreneurs turn bold ideas into global businesses.  Since 1996, Index has partnered with exceptional entrepreneurs who are using technology to reshape the world. The companies they’ve started include Adyen, Deliveroo, Dropbox, Farfetch, King, Slack, and Supercell.

Index Ventures

Entrée Capital provides multi-stage funding for innovative start-ups and companies all over the world.  Entrée Capital was founded by successful entrepreneurs with a track record of having successfully invested and exited over twenty businesses on five continents in the past decade. They have offices in London, Tel Aviv and San Francisco

Entrée Capital

Vesey Ventures is a fintech venture fund specializing in transformative early-stage companies in fintech, commerce, and enabling infrastructure. Founded by three friends and former Managing Directors at AMEX Ventures — Dana Eli-Lorch, Julia Huang, and Lindsay Fitzgerald — Vesey Ventures believes that early relationships with incumbents are a crucial accelerant for building winning products, achieving product-market fit, and driving rapid customer adoption in fintech. The team approaches investments from a unique perspective by offering 360-degree specialized business development support and commercial partnerships to help visionary founders bring their vision to life faster. More than just a warm introduction, Vesey Ventures are proven experts in landing hundreds of revenue-generating partnerships for their portfolio companies, while identifying and engaging valuable opportunities on behalf of founders. Learn more at https://vesey.vc.

Vesey Ventures

Sheva Capital is a brand-new early stage venture capital firm in Israel that funds the world's most tenacious innovators.

Sheva Capital

PointFive

PointFive provides ongoing cloud cost savings by providing deeper detection and collaborative repair solutions that fit smoothly into teams' normal operations.

PointFive is a cloud cost optimization platform that enables enterprises to achieve continuous cloud cost efficiency through its DeepWaste detection technology.

Platforms to make the most of cloud infrastructure

Cloud Optimization Tools

PointFive Raises $16M in Seed Funding To Enable Continuous Cloud Cost Optimization with Deeper Detection and Collaborative Remediation

PointFive is a cloud cost optimization platform that enables enterprises to achieve continuous cloud cost efficiency through its DeepWaste detection technology.PointFive allows engineering and FinOps teams to optimize cloud spending effectively by providing actionable insights and collaborative remediation workflows. It delves deep into the cloud cost architecture and aligns cloud cost optimization with broader organizational goals of sustainability and growth, allowing customers to reroute funds from waste to innovation.&nbsp;Additionally, PointFive consolidates cloud commitment data from various services, such as reserved instances, saving plans, and enterprise discount programs to allow organizations to track and optimize their effective savings rates, coverage, and utilization across all cloud services. The company also offers S3DMap, an open-source tool designed for Amazon S3 storage optimization through an advanced, prefix-oriented methodology.PointFive follows a consumption-based sales model, with pricing based on annual cloud spend.

Harness is a cloud-based end-to-end software delivery platform that provides cloud cost management (CCM), among other modules.Harness CCM offers a holistic set of features to facilitate cost optimization of the development pipeline. It provides a single customizable dashboard to unify data and insights across multiple departments and cloud vendors. Further, it delivers automated anomaly detection and resource allocation to optimize continuous delivery (CD) workflows and allows for seamless integration with existing monitoring tools for an overview of cloud spend.In <a href="http://v">January 2024</a>, Harness acquired Armory, a continuous delivery platform company, for USD 7 million, with plans to integrate some of Armory’s technology into its products. Furthermore, in <a href="https://sp-edge.com/updates/29964">May 2024</a>, it acquired Split Software, a company specializing in feature management and experimentation, for an undisclosed sum. Harness aimed to integrate Split's feature management and experimentation capabilities into its software delivery platform to offer a comprehensively integrated solution that allows software teams to build, deploy, test, and refine software features efficiently and effectively.Harness operates a consumption-based sales model with pricing based on the annual cloud spend.Key customers and partnershipsHarness CCM’s clientele ranges from individuals to large-scale enterprises across various industries, including healthcare, IT, finance, service, and SaaS. Notable customers include Synopsys, Relativity, Discover Dollar, and Carvana.Harness collaborates with many industry leaders to ensure wide service provision and integrations with various tools and platforms. Some of its key technology partners are HashiCorp, Benchmark, and Insight.

Harness

Cloudchipr is a company specializing in cloud cost optimization and automation solutions.CloudChippr helps businesses reduce cloud expenses by identifying inefficiencies and recommending cost-saving measures. It provides real-time insights into cloud usage, automates cost allocation, and offers actionable recommendations for optimizing resources. Additionally, CloudChippr simplifies cloud management by integrating with popular cloud platforms, enabling organizations to maximize their cloud investments and minimize waste while ensuring optimal performance across cloud environments.Cloudchipr adopts a subscription-based approach.Key customers and partnershipsCloudchipr’s customer base includes DISQO, ServiceTitan, Activeloop, AimHub, Podcastle, and SuperAnnotate.Cloudchipr Cloud provides native integrations with AWS, Azure, and Google Cloud.

Cloudchipr

Vega Cloud is a technology company offering a cloud cost optimization and management platform.The Vega Cloud Platform provides visibility and organization of cloud infrastructure with a unified view across major cloud providers. Vega Cloud platform provides near real-time data to influence spending and make intelligent trade-off decisions between cost, quality, and speed. The platform's proprietary unit economics and outcomes-oriented approach to cloud infrastructure optimization uses data context and automation to help businesses make decisions efficiently.Vega Cloud employs a subscription-based pricing model.Key customers and partnershipsVega Cloud provides native integrations with AWS, Azure, and Google Cloud.The company’s clientele includes entertainment companies like CBS, Paramount, MTV, VH1 and others such as ITRON, Cal Poly, and ClearData.

Vega Cloud

StackZone offers a suite of technology solutions for optimizing and enhancing various aspects of AWS cloud operations.StackZone's range of products and features encompasses AWS management tools, infrastructure optimization solutions, security services, application performance management, cost optimization solutions, analytics and reporting, automation, and support/consulting services. These offerings cater to various IT aspects, including resource management, performance enhancement, cost reduction, security, and operational efficiency.StackZone employs a direct sales model.Key customers and partnershipsStackZone’s customer base includes enterprises in various industries. Among its customers are The Weir Group, Sigma Móvil, Vitaccess, Triario, and Keroppa.

StackZone

mist.io provides an open-source multi-cloud management platform aimed at optimizing costs and streamlining operations.mist.io’s unified dashboard and APIs provide real-time visibility into hybrid cloud environments to track, understand, and govern cloud spend and resource utilization. The platform also provides orchestration automation for repeatable deployments and the ability to create custom policies to control infrastructure access. Moreover, the platform eliminates the need for migration by allowing users to control legacy bare-metal servers from the same interface used for cloud infrastructure.The platform operates a pay-as-you-go and subscription-based sales model.Key customers and partnershipsmist.io is utilized globally in several industries. Some notable customers are SevOne, the European Parliament, the National Bank of Greece, the University of Colorado Boulder, and Windstream Enterprise.mist.io offers integrations with over 15 service providers and technologies. Some key technology integrators are AWS, Microsoft Azure, Google Cloud Platform, IBM Cloud, Alibaba Cloud, and VMware.

Mist.io

Tools that improve performance per spend by offering visibility and insights as well as leveraging pricing models such as reserved and spot instances. These also provide financial guardrails to enforce budgetary limits and other cost-saving opportunity recommendations

Tools designed to streamline and simplify various tasks and processes related to cloud computing. These help organizations manage and optimize their cloud infrastructure, improve operational efficiency, and reduce manual intervention

Tools that provide comprehensive features and functionalities to safeguard cloud resources and maintain adherence to industry-specific regulations for data protection and overall security

All companies in this hub provide optimization services for cloud-based platforms

Provides support for governance & regulatory compliance and transparency & insights regarding cloud spend

A few companies use AI/ML algorithms for workload optimization and deployment automation

<div>
 
 PointFive, a company that offers a cloud cost optimization platform for enterprise companies, has managed to raise USD 16 million in a seed funding round. This round was spearheaded by Index Ventures and saw participation from the likes of Entree Capital, Sheva Capital, and Vesey Ventures, as well as high-profile angel investors such as Assaf Rappaport, Mickey Boodaei, and Tamar Yehoshua, amongst others.
 With the funds secured, PointFive will shift its focus onto recruitment and investing further into research and development. The company also aims to bolster its sales and marketing initiatives; this is especially true for the US market. In fact, PointFive plans to commence operations in the US in the first half of the year 2024.
 The company was established in 2023 and has been utilizing its proprietary technology, DeepWaste detection, to identify and target cloud cost inefficiencies at the infrastructure level. Since its inception, the company has offered its clients a potential savings of 15%–30% on their total cloud expenditure.
 
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PointFive

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