PointFive, a New York City cloud cost optimization company, has closed an $20 million Series A round. This was facilitated by Salesforce ventures, with all the other investors including; Index ventures, entree capital, Sheva VC, and the boss man, Vesey ventures. It was the case in the recent round where influential angel investors including, Assaf Rappaport, Mickey Boodaei, Tamar Yehoshua among others invested in the firm.
How to Scale Solutions for Multiple Cloud ServiceProvider
The new capital raised will be used to broaden PointFive’s platform integrations into and for multi-cloud, Google Cloud Platform (GCP) support and the future integration of Azure. This new expansion plan is poised to enhance PointFive’s speed in making its mission to help enterprises get the most value from cloud services.
Proprietary Technology Drives Cost Efficiency By PointFive
Founded by CEO Alon Arvatz, The special feature of PointFive’s platform is the DeepWaste™ Detection Engine, which employs complex techniques that resemble operations found in cyber security, in order to identify cloud waste and fine-tune resource usage for maximum efficiency and drastically reduced spending. Amazon offers an extensive set of customizable features, which means that Coreflash optimizes every form of databases, storage, and networking –DynamoDB, EKS, VPC, Networking, EC2, RDS, and S3.
Rapid Growth and Industry Adoption
Within 18 months of operation PointFive is performing a crucial role as a cloud infrastructure management system. The ever increasing list of satisfied clients such as Fanatics, Elastic, BHN, and Checkmarx today use PointFive technology for simplification of cost and improved efficiency o There are also plans to increase the company’s US operations and building up its sales and marketing teams as it seeks to cater for the不断 growing number of organizations seeking better methodologies to manage cloud costs.
Cloud Cost Management: Change the Way Marginalist
With this new funding and strong industry uptake PointFive will be able to redefine Cloud cost management for optimized Enterprise usage. At the same time, such technologies as deep analytical tools and multicloud maintain the company’s key mission on delivering tangible benefits to its customers and help businesses reveal more cost efficiencies they were not aware of and achieve large-scale cloud transformation.
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