PointFive Secures $20M In Series A Funding to Accelerate Cloud Cost Management With Multi-Cloud Support

QUICK TAKE

• Since launching 18 months ago, PointFive has quickly become the go-to cloud cost optimization platform for leading major tech companies including Elastic, BHN, and Fanatics.
• With PointFive’s waste detection and workflow automation software, companies can reduce cloud costs by 15% - 30%, which can amount to millions of dollars: 31% of enterprises spend over $12M on public cloud services every year.
• The company has raised $20M in Series A funding, just five months after its Index Ventures-led $16M Seed funding round.
• The additional funds will support the company’s expansion into multi-cloud environments, including recently announced GCP support and upcoming Azure capabilities.

THE DETAILS

Almost a third of enterprises spend over $12M on public cloud services every year, according to data from RightScale. As companies increasingly look to reduce costs and operate more efficiently, PointFive addresses this growing challenge of cloud cost management through a fresh approach to identifying hidden or overlooked cost inefficiencies. Searching beyond low-hanging fruit, the platform provides actionable, automated remediation steps that engineering teams can easily implement to save, on average, 15% - 30% of cloud spend.

“Our mission is to empower enterprises to transform cloud cost optimization from a reactive process into a proactive strategy, making cost efficiency a core principle of sound engineering,” explains Alon Arvatz, CEO and Co-Founder of PointFive.

Just 18 months after the company’s inception, PointFive counts major tech companies like Elastic, BHN, and Fanatics as customers. It has scaled operations and capabilities to meet the growing demand for a new approach to cloud infrastructure and cost management.

Announcing $20 million in Series A funding, the company’s total capital raised is now $36 million. The fresh funds will support PointFive’s expansion into multi-cloud environments, including recently announced GCP support and upcoming Azure capabilities. The company also plans to significantly expand its team and scale sales and marketing efforts in the U.S.

PointFive’s engine leverages deep research methodologies inspired by cyber intelligence. It analyzes cloud infrastructure at a granular level, similar to how threat detection systems identify vulnerabilities in cybersecurity. This approach allows PointFive to surface inefficiencies, misconfigured infrastructure and hidden resource waste that other tools overlook.

Its agentless, read-only solution continuously scans cloud environments, using advanced AI models and cyber-like cloud research methodologies to uncover continuous saving opportunities and offer clear, automated pathways to remediate and optimize cost inefficiencies without disrupting engineering workflows. The platform covers a broad range of cloud services, including DynamoDB, EKS, VPC networking, EC2, RDS, and S3, enabling deep optimization across databases, storage, and networking resources.

PointFive’s Series A round was led by Salesforce Ventures, with participation from all existing investors, including Index Ventures. Notable angel investors such as Assaf Rappaport (Wiz, Adallom); Mickey Boodaei (Transmit Security, Trusteer, Imperva); Tamar Yehoshua (Ex-Slack); Yasmin Lukatz (ICON); Amiram Shachar (Spot, Upwind), Dean Sysman (Axonius), Raanan Raz and Kfir Tishbi (Avalor Security), also joined the round.