Finout, a New York-based provider of FinOps platform for enterprises, has raised $40 million in Series C funding.
Investors
The round was led by Insight Partners, with participation from Pitango, Team8, Red Dot Capital, and Maor Investments. This brings their total funding to $85 million, with $66M raised in the past 8 months.
Insight Partners is a global software investor supporting high-growth tech and internet companies. With over $80 billion in assets under management, it has invested in over 800 companies, including over 55 IPOs. Headquartered in New York City, with offices in London, Tel Aviv, and the Bay Area, Insight provides hands-on expertise to help visionary leaders scale from initial investment to IPO.
Finout Use of Funds
The funding will be used to expand Finout's platform and meet the growing demand for advanced cloud cost management solutions.
About Finout
Finout provides a FinOps solution designed to help companies easily allocate, manage, and reduce their cloud spending across their entire infrastructure. Its solution gives complete visibility and context for cloud costs across teams, features, and business units. Finout is used by major organizations such as SiriusXM, Lyft, The New York Times, Choice Hotels, Wiz, Tenable, and Alchemy.
Funding Details
Company: Finout Ltd.
Raised: $40.0M
Round: Series C
Funding Date: January 2025
Lead Investor: Insight Partners
Additional Investors: Pitango, Team8, Red Dot Capital, Maor Investments
Company Website: https://www.finout.io/
Software Category: Cloud Cost Management
Source: Lazer Cohen