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Funding
Finout raises USD 26 million in Series B funding for product development
Cloud Optimization Tools
May 23, 2024
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Cloud Optimization Tools

Cloud Optimization Tools

May 23, 2024

Finout raises USD 26 million in Series B funding for product development

Funding

  • Finout, an enterprise FinOps solution provider, has secured USD 26 million in a Series B funding round led by Red Dot Capital. Maor Investments, Team8, Pitango, and Jibe Ventures participated in the round.

  • The fresh funds will be used to improve operations and product development. 

  • Founded in 2021, Finout helps companies efficiently manage, distribute, and minimize cloud spending across their infrastructure.

  • Analyst QuickTake: In June 2022, Finout emerged from stealth with USD 18.5 million in funding, comprising a USD 14 million Series A round led by Team8 Capital and a USD 4.5 million seed round led by Pitango First.

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