PointFive, a startup specializing in multi-cloud cost optimization, has raised $20 million in Series A funding led by Salesforce Ventures, with participation from Index Ventures, Entree Capital, Sheva VC, and Vesey Ventures. This round brings PointFive’s total funding to $36 million and values the company at approximately $100 million.
PointFive’s technology addresses a common challenge for organizations managing hybrid cloud environments. Traditionally, cloud cost management tools focus on single platforms, but PointFive’s solution aggregates data across various cloud providers and integrates with Kubernetes clusters to provide comprehensive cost insights. This “agent-less” technology offers immediate visibility into cloud infrastructure, making it easier for organizations to manage complex, multi-cloud environments.
Led by Alon Arvatz, previously the founder of security startup IntSights, PointFive combines its cloud expertise with AI algorithms to identify “Deep Waste” — inefficiencies deeply embedded in the architecture, such as underutilized resources and cost-heavy networking configurations. By mapping these hidden costs, PointFive enables businesses to optimize their cloud spend effectively, especially as demands for computing power grow with AI applications.
PointFive has already attracted a wide network of angel investors, including cloud veterans like Amiram Shachar of Spot. With this latest funding, PointFive plans to expand its platform and enhance AI-driven insights for clients, responding to the growing need for efficient cloud usage in enterprise environments.
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