PointFive

growth-positive

PointFive, an Israeli startup specializing in cloud cost optimization, has raised an additional $20 million in Series A funding, bringing its total capital raised to $36 million within 18 months of its inception. The funding round was led by Salesforce Ventures, with participation from existing investors and notable angel investors. PointFives platform helps enterprises manage cloud costs by identifying inefficiencies and providing automated solutions. The company plans to expand its team and enhance its technology to further improve cloud cost efficiency. PointFive currently has major tech companies like FaElastic, BHN, and Checkmarx as customers and aims to scale its operations in the U.S.

growth-positive

Cloud cost optimization platform, PointFive, has raised $16 million in seed funding led by Index Ventures, with participation from Entree Capital, Sheva Capital, Vesey Ventures, and several angel investors. The company plans to use the funding to expand its team, invest in R&D, and support sales and marketing in the US. PointFives platform helps customers map out saving opportunities of 15-30% of their total cloud spend. The companys unique DeepWaste detection technology delves into the intricacies of cloud spending, revealing hidden inefficiencies and providing actionable pathways for remediation.

growth-positive

PointFive, a company that has developed a platform for managing cloud costs in large organizations, has raised $16 million in a seed round. The company was founded in Israel in 2023 by Alon Arbuz, Gal Ben-David, and Amir Hozaz, who were part of the founding team of IntiSights, a cyber startup acquired by Rapid7 in 2021 for $350 million. The funding round was led by Index Ventures, with participation from Entree Capital, Sheva Capital, Vesey Ventures, and a number of private investors. PointFive currently employs 35 people and serves several of the worlds largest companies.