Index Ventures is a venture capital firm which helps entrepreneurs turn bold ideas into global businesses.

Index Ventures

Entrée Capital provides multi-stage funding for innovative start-ups and companies all over the world.

Entrée Capital

Vesey Ventures is a fintech venture fund specializing in transformative early-stage companies. 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.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.

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

Salesforce Ventures helps enterprising founders build companies that reinvent the way the world works.  they’ve invested in and partnered with more than 400 of the world's tenacious enterprise software companies  Salesforce Ventures leverages decades of expertise in the cloud and long-term relationships with key decision-makers at thousands of businesses around the world to give portfolio companies an unfair advantage, help them build credibility, and accelerate growth.

Salesforce Ventures

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 secures USD $20 million to boost cloud efficiency

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

ANALYST_QUICK_TAKE

<div>
 PointFive, an enterprise cloud cost optimization platform, has secured USD 20 million in Series A funding. The round was led by Salesforce Ventures and included contributions from Index Ventures, Entree Capital, Sheva VC, and Vesey Ventures.
 This capital will bolster PointFive's expansion into multi-cloud environments, such as offering Google Cloud support and developing Azure capabilities. Furthermore, it will allow for the scaling of the company's sales and marketing initiatives in the US.
</div> Analyst QuickTake: 
 Expanding into multi-cloud environments allows PointFive's customers to optimize costs across different cloud providers, reduce their reliance on a single platform, and enhance resilience. This funding round follows PointFive's <a href="https: 
//sp-edge.com/updates/30682"> seed funding round </a> of USD 16 million in June 2024, which was raised to support recruitment, invest in research and development, and bolster sales and marketing efforts.

PointFive

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