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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