StageSeries A | Alive
Last Raised$14M | 1 yr ago
Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
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Finout provides FinOps, DevOps, and Financial organizations with a self-service cloud cost observability platform that combines business metrics with cost. Finout users use their cloud management platform to help make business decisions that improve efficiency, pricing, and market strategy. The company was founded in 2021 and is based in Tel Aviv, Israel.
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Finout's Products & Differentiators
Having a centralized view of your cloud spend in one dashboard, what we call a MegaBill, allows you to easily identify areas where you can reduce costs and make more informed decisions about how to allocate your cloud budget. And when we say all the cloud spend, we mean it. From all public cloud providers, K8s, data warehouses and CDNs. If. it's usage based pricing, our MegaBill supports it. This aligns with the FinOps principle of financial governance, which focuses on aligning IT and finance teams to improve the visibility, accountability and control of cloud costs.
Latest Finout News
Apr 19, 2023
Cloud Native Now Finout today launched a suite of cost governance tools designed to help IT teams limit the cost of deploying Kubernetes clusters without deploying agent software. Finout CEO Roi Rav-Hon says the tools will enable organizations to programmatically embrace FinOps to reduce costs at a time when many organizations are now starting to manage fleets of Kubernetes clusters in cloud computing environments. FinOps has emerged as a discipline that promotes a shared responsibility for an organization’s cloud computing infrastructure and costs. Rather than having disparate procurement teams working in silos to identify and approve costs, FinOps brings business, financial and IT teams together to establish best practices to reduce the total cost of deploying Kubernetes. The Finout suite of governance tools addresses that issue by analyzing an unlimited number of Kubernetes clusters running across Amazon Elastic Kubernetes Service (EKS), Azure Kubernetes Service (AKS), Google Kubernetes Engine (GKE) and other cloud platforms. The Finout tools use a unified dashboard to contextualize Kubernetes spending alongside all other cloud providers in a way that makes it easier to define budgets and track spending, noted Rav-Hon. The tools then apply machine learning algorithms and a virtual tagging capability to predict future spending based on past patterns and any anticipated changes to workload deployments, he adds. Finally, the Finout tools will also surface recommendations to reduce spending on Kubernetes and associated cloud services. The primary reason organizations overspend on Kubernetes is that developers tend to overprovision resources to ensure application uptime. In theory, of course, Kubernetes is designed to dynamically scale infrastructure up and down as required, but many developers tend to assume Kubernetes environments function much like any virtual machine, so they provision as much memory as possible and don’t take advantage of lower-cost cloud services to run workloads for a specified amount of time. Most organizations, despite this issue, will continue to allow developers to provision infrastructure to speed up application builds and deployments, but there is a clear need for FinOps tools and processes to rein in costs that can otherwise spiral out of control. The challenge is finding a way to streamline all the data that needs to be collected to enable IT teams to achieve that goal , said Rav-Hon. In an uncertain economy, IT organizations are now under more pressure than ever to rein in those costs. In addition to reducing costs, finance teams also want future cloud costs to become much more predictable instead of being surprised whenever there is a spike in how much the organization is being billed per month by their cloud service provider. Arguably, it’s now only a matter of time before cost control becomes just another metric used to evaluate the performance of any DevOps team. In the meantime, IT teams should expect to hear a lot more from finance teams, especially as they come to realize how much of the overall IT budget is consumed by workloads deployed in the cloud.
Finout Frequently Asked Questions (FAQ)
When was Finout founded?
Finout was founded in 2021.
Where is Finout's headquarters?
Finout's headquarters is located at 53 Hamasger st., Tel Aviv.
What is Finout's latest funding round?
Finout's latest funding round is Series A.
How much did Finout raise?
Finout raised a total of $18.5M.
Who are the investors of Finout?
Investors of Finout include R-Squared Ventures, Jibe Ventures, Team8 Capital, toDay Ventures, Pitango Venture Capital and 3 more.
Who are Finout's competitors?
Competitors of Finout include Vantage and 8 more.
What products does Finout offer?
Finout's products include MegaBill and 4 more.
Who are Finout's customers?
Customers of Finout include Riskified, Orca Security, AlphaSense, ManoMano and Hunters.
Compare Finout to Competitors
Apptio provides on-demand technology business management (TBM) solutions for managing the business of information technology (IT). It enables IT leaders to manage the cost, quality, and value of IT services. It provides visibility into the total cost of IT services, communicating the value of IT to the business. It was founded in 2007 and is based in Bellevue, Washington.
Vantage develops an Amazon web services (AWS) console. It helps businesses understand their cloud infrastructure spend and automate their savings. It generates cost reports for dashboards that provide complex reporting and filtering for accrued costs. Vantage was founded in 2020 and is based in New York, New York.
KryszanTec has developed Subware, a solution that allows businesses to understand how they are spending money on IT. Through the solution, the company is able to show a business how much it would cost them to move to any new technology.
CAST AI is a SaaS company specializing in cost optimization for customers running cloud-native applications in AWS, Microsoft Azure, and Google Cloud. It aims to cut cloud expenditures, automate DevOps tasks, and prevent downtime. The company was founded in 2019 and is based in Miami, Florida.
Kostner Group provides SaaS developed and based on AI, big data, and algorithms that enable its clients to cut spending in their server environment. It simulates the user's environment running in AWS and Azure, and gives an accurate benchmark of current costs versus AWS or Azure. It uses analytics to calculate costs from the ground up--power, hardware, virtualizer, OS, and even some applications like SQL Server.
CloudNatix helps companies use hybrid and multi-cloud environments for their legacy and cloud-native applications.
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