F

finout

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Company Domain www.finout.io link_icon
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Finout Company Research Report



Company Overview



  • Name: Finout

  • Mission of the Company: Building the ultimate modern-day ERP system to manage and optimize cloud costs.

  • When was the Company Founded and by Whom: No information is available

  • Key People in the Company: Notable executives and testimonials include:

  • Thomas Burke, Sr. Cloud FinOps

  • Jean-Brice Gachot, Senior Lead SRE, ManoMano

  • Where is the Company Headquartered:

  • Tel Aviv: 35 Hamasger St, 17th Floor

  • New York: 1370 Broadway, 10th Floor

  • Number of Employees: No information is available

  • Revenue of the Company: No information is available

  • What is the Company Known For: Finout is known for providing an enterprise-grade FinOps solution that helps companies allocate, manage, and reduce their cloud spending efficiently.


Products



MegaBill


  • Description: Consolidates all your cloud costs into one MegaBill.

  • Key Features:

  • Granular view and insight into spending.

  • Ability to centralize entire cloud spend.


Virtual Tags


  • Description: Enhances FinOps cost allocation.

  • Key Features:

  • Convert complex architecture into detailed cost insights.


Shared Cost


  • Description: Refined reallocation of shared expenses.

  • Key Features:

  • Detailed allocation of expenses across teams or projects.


CostGuard


  • Description: Detects and reduces waste from day one.

  • Key Features:

  • Provides tools to optimize and eliminate unnecessary cloud costs.


Anomaly Detection


  • Description: Identifies cost anomalies across entire cloud spend.

  • Key Features:

  • Enhances visibility into unexpected spending.


Custom Dashboards


  • Description: Personalized FinOps overview.

  • Key Features:

  • Create tailored dashboards and graphs for teams.

  • Self-service visualization of metrics.


AI Cost Management


  • Description: Manage all AI-related cloud spend efficiently.

  • Key Features:

  • Tools to scale AI cloud spend management.


Data Layer


  • Description: Accurate data infrastructure costs within BI tools.

  • Key Features:

  • Ensures 100% accuracy in cost reporting.


Integrations



Cloud Providers


  • AWS: Solve all AWS cost challenges.

  • GCP: Solve all GCP cost challenges.

  • Azure: Solve all Azure cost challenges.

  • Kubernetes: Cloud-agnostic Kubernetes support.

  • OCI: Gain valuable insights into OCI operations.


Cloud Services


  • Snowflake: The most powerful Snowflake FinOps platform.

  • Datadog: Optimize Datadog spend with Finout.

  • Databricks: The best Databricks FinOps solution.

  • Confluent: Coming soon.

  • MongoDB: Coming soon.

  • CircleCI: Coming soon.


Recent Developments



  • New Product Launches:

  • Oracle Native Integration: Seamless consolidation of Oracle Cloud Infrastructure bill with other providers into a single MegaBill.


  • New Features Added to Existing Products:

  • CostGuard API: Beta release.

  • Custom Role Management: Per account.

  • Data Explorer Enhancements: Improved usage.

  • Shared Cost Reallocation: Enhanced cost and usage widgets.


  • Partnerships:

  • May 2024: Series B funding of $26.3M.


Product Updates



  • August 2024:

  • Native Oracle Cloud integration

  • Beta release of Finout CostGuard API

  • Custom role per account feature

  • Data Explorer enhancements


  • May 2024:

  • Series B funding

  • MegaBill Usage Support

  • Custom Cost Reallocation features


  • April 2024:

  • Shared Cost Reallocation feature introduction

  • New cost and usage widgets


  • March 2024:

  • Budget widgets in dashboards

  • Virtual Tags usability enhancements

  • Org list tags for resources


  • January 2024:

  • GCP Idle Persistent Disk integration

  • Support for GCP and Azure usage widgets


Customer Stories



FinOps Adoption


  • Wiz: Leveraged Finout to achieve significant savings.

  • AppsFlyer: Cultivated a FinOps culture with Finout.

  • DFDS: Adopted FinOps using Finout's solutions.

  • Armis: Addressed major FinOps needs with Finout.

  • ManoMano: Successfully integrated FinOps practices using Finout.


Cost Observability


  • Tenable: Maximized Kubernetes allocation costs using Finout.

  • AlphaSense: Detected $100K of cloud inefficiencies.

  • Hunters: Improved commitments tracking.

  • Forter: Gained full observability with minimal friction.

  • Singular: Saved 50% on engineering time using Finout.


Cost Optimization


  • PandaDoc: Allocated over 90% of cloud costs effectively.

  • Vibrent Health: Reduced cloud costs by 43%.

  • Qventus: Saved 15% within six months.

  • Logz.io: Reduced cloud spending by 30%.


Media and Press Coverage


  • May, 2024:

  • "Finout lands cash to grow its cloud spend management platform" (TechCrunch)

  • "Cloud cost optimization startup Finout reels in $26.3M in Series B funding" (SiliconANGLE)


  • March, 2024: Recognized as one of the most innovative companies in the EMEA region by Fast Company.
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