Vesey Ventures reposted this
We are thrilled to announce our investment in the exceptional PointFive team! ✨ Cloud cost optimization is on everyone’s agenda. At Vesey Ventures, looking at this space through the lens of the financial services industry, we've seen firsthand the challenges financial institutions face as they embark on their long and complex cloud journeys. Initially, the focus was on crafting a cloud strategy to drive digital transformation, foster innovation, and enhance agility. As companies progressed in this journey, the emphasis shifted towards driving down costs. We've observed the rise of FinOps teams within their technology organizations and a strong movement towards unifying the engineering experience. Working with incumbents and highly regulated institutions requires being enterprise-grade and scalable, with a deep understanding of enterprise intricacies from day one. This also means prioritizing security and compliance from the get-go, addressing complex issues for organizations with thousands of engineers, and offering the appropriate level of customization and control. PointFive does exactly that. There is no better team to tackle the hardest problems first, with an innovative and differentiated approach. Pointfive’s cloud cost optimization platform for enterprises with its DeepWaste™ detection technology uncovers hidden inefficiencies and identifies infrastructure-level savings opportunities. The platform contextualizes insights, provides actionable pathways for remediation within existing workflows, and promotes collaboration between FinOps and engineering. And they are just getting started! 🚀 Excited to back Alon Arvatz, Gal Ben David 🇮🇱🎗️, Amir Hozez and the entire PointFive team and join forces with Index Ventures, Entrée Capital, and Sheva Capital in PointFive’s $16M Seed round. Read more below! https://lnkd.in/dyASBC3q