Today marks a pivotal moment for PointFive: we’ve secured $20 million in Series A funding, bringing our total to $36 million in just 18 months! This incredible milestone was led by Salesforce Ventures, with continued support from Index Ventures, Entrée Capital, Sheva, and Vesey Ventures.
But for us, this funding is about much more than numbers. It’s about building a platform that truly resonates with engineering and FinOps teams worldwide.
When we founded PointFive, our mission was clear: to help organizations unlock hidden cost savings in their cloud environments. Our name embodies this vision—aiming to help customers reduce up to 50% of their cloud costs. Over the past year, we’ve evolved from an idea to a trusted partner for some of the world’s most forward-thinking companies, including Elastic, Blackhawk Network, and Fanatics.
At the core of our success is the proprietary DeepWaste™ Detection engine. Unlike traditional cost optimization tools, we analyze cloud resources down to their behavior—identifying inefficiencies that impact not only costs but also performance, security, and overall cloud health. This comprehensive approach provides engineering teams with actionable insights to drive smarter, data-driven decisions.
The result? Savings and efficiency gains you won’t find with any other platform. Most tools stop at right-sizing or rate optimizations; we go deeper, delivering insights into storage, networking, managed services, and more.
Listening to our customers is key to our growth. One recurring theme in our conversations has been the need for robust multi-cloud support. Today, PointFive supports Google Cloud, with Azure integration on the horizon. This expansion means we can help even more enterprises manage cloud costs across platforms, delivering the same deep, actionable insights for every environment.
What sets PointFive apart isn’t just our technology—it’s the team behind it. Modeled after cybersecurity research teams, our 5x Research Team constantly digs into cloud platform data to uncover new optimization opportunities. They analyze billing and usage data, complex ROI calculations, performance metrics, and more to fuel our DeepWaste™ Detection engine. Every discovery they make is automatically implemented in our platform, ensuring you benefit from the latest insights.
While our name focuses on cost savings, our platform fosters a more important outcome: collaboration. PointFive bridges the gap between FinOps and engineering, reframing cloud cost management as a technical challenge. With customizable dashboards, every stakeholder—whether finance or engineering—can access the data that matters most to them. This alignment drives better decision-making and supports your broader organizational goals.
PointFive is here to revolutionize cloud cost optimization. With our recent funding, expanded multi-cloud support, and relentless drive to uncover deeper insights, we’re just getting started. Whether it’s helping you reduce costs, enhance performance, or foster collaboration, PointFive empowers you to take full control of your cloud environment.
To our customers, investors, and team: thank you for your trust and partnership. Here’s to the future of cloud cost efficiency—together.
Learn more about our DeepWaste™ Detection engine and how PointFive can help transform your cloud environment.
