Mavvrik (formerly DigitalEx), an Austin, Texas-based unified platform for IT financial control, has raised $6.2 million in seed funding.
Investors
The round was led by S3 Ventures and Flyover Capital, with participation from Tuesday Capital, ClutchVC, Amplify.LA, and Knoll Ventures.
S3 Ventures is a venture capital firm based in Austin, Texas, specializing in Seed, Series A, and Series B investments across three sectors: business technology, digital experiences, and healthcare technology. Founded in 2005, the firm has raised seven funds with more than $900 million in assets under management.
Mavvrick Use of Funds
The company will use the funds to expand its go-to-market efforts, drive product innovation, and accelerate growth.
About the Company
Mavvrik is a unified financial control platform for modern IT, providing enterprises with complete visibility, automation, and governance across cloud, AI, SaaS, and on-prem infrastructure. Designed for CFOs, FinOps, and IT leaders, it eliminates financial blind spots, enforces accountability, and optimizes IT costs with real-time tracking, automated chargebacks, and predictive budget controls. With its unified solutions, Mavvrik helps enterprises eliminate waste, enforce financial accountability, and forecast IT spend with precision.
Funding Details
Company: Mavvrik
Raised: $6.2M
Round: Seed
Funding Date: February 2025
Lead Investors: S3 Ventures, Flyover Capital
Additional Investors: Tuesday Capital, ClutchVC, Amplify.LA, Knoll Ventures
Company Website: https://www.mavvrik.ai/
Software Category: FinOps / Cost Management
Source: https://www.mavvrik.ai/finops-platform-digitalex-rebrands-as-mavvrik-announces-6-2mm-seed-round-to-address-spiraling-it-costs/