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Finout Cements FinOps Leadership with $40M Series C as Category Goes Mainstream

Jan 29, 2025 - ffnews.com
Finout, a leading FinOps-for-enterprise platform, has secured a $40 million Series C funding round led by Insight Partners, bringing its total funding to $85 million. The platform, used by industry leaders like SiriusXM, Lyft, and The New York Times, addresses the challenges of managing complex cloud environments with usage-based pricing models. As cloud spending and AI infrastructure investments rise, Finout's platform offers enhanced visibility and control over cloud costs through advanced allocation, unit economics analysis, and planning capabilities. This positions Finout as a strategic imperative for enterprises seeking to adopt FinOps company-wide.

The funding will enable Finout to expand its suite of enterprise-ready features, focusing on understanding past spending, preparing for future planning, and driving FinOps adoption. New enhancements include advanced financial planning tools, instant virtual tagging for precise cost allocation, and modern tagging governance to improve data granularity. Finout aims to empower organizations to turn cloud cost management into a competitive advantage, reflecting the growing demand for sophisticated cost management solutions in today's complex cloud environments.

Key takeaways:

  • Finout announced a $40 million Series C funding round led by Insight Partners, bringing its total funding to $85 million.
  • The platform offers cloud-agnostic cost allocation and governance for major industry leaders, addressing the complexities of modern cloud environments.
  • Finout's new features include advanced financial planning tools and instant virtual tagging to enhance cloud cost management for large-scale enterprises.
  • The growing adoption of FinOps highlights the need for sophisticated cloud cost management solutions, with Finout positioned as a market leader.
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