# PointFive Secures $20M In Series A Funding to Accelerate Multi-Cloud Support Canonical: https://www.pointfive.co/blog/pointfive-secures-20m-in-series-a-funding-to-accelerate-cloud-cost-optimization-with-multi-cloud-support PointFive raised $20M in Series A funding led by Salesforce Ventures, bringing total capital to $36M and accelerating multi-cloud expansion across GCP... By: PointFive Team Published: 2024-11-12 [All articles](https://www.pointfive.co/blog) PointFive Team November 12, 2024 3 min read Correction, September 23, 2026: the Series A came about two years after PointFive's founding, not within 18 months, and Google Cloud support was already available at announcement. ## $20M Series A to Fuel Multi-Cloud Expansion PointFive announced a $20 million Series A funding round, bringing the company's total capital raised to $36 million within two years of the company's founding. Salesforce Ventures led the round, with participation from existing investors Index Ventures, Entree Capital, Sheva Ventures, and Vesey Ventures. The round also included notable angel investors such as Assaf Rappaport, Mickey Boodaei, Tamar Yehoshua, Yasmin Lukatz, Amiram Shachar, Dean Sysman, Raanan Raz, and Kfir Tishbi. ## Expanding Beyond AWS The funding is earmarked to accelerate PointFive's expansion into multi-cloud environments. Google Cloud Platform support is now available, and Azure capabilities are on the roadmap. This expansion addresses a growing market need -- enterprises are spending heavily on public cloud, and managing costs across multiple providers presents distinct challenges around fragmented visibility and siloed tooling. ## Deeper Detection Through DeepWaste PointFive's proprietary DeepWaste Detection Engine applies cyber-inspired methodologies and advanced AI to surface hidden cloud inefficiencies that traditional tools overlook. The platform serves enterprise customers including Elastic, BHN, and Checkmarx, routinely identifying savings opportunities representing 15-30% of total cloud spend. CEO Alon Arvatz framed the company's direction as a shift from reactive cost management to proactive engineering discipline, positioning cost efficiency as a core principle of sound engineering practice rather than an afterthought. ## Broad AWS Service Coverage The platform currently covers a wide range of AWS services including DynamoDB, EKS, VPC networking, EC2, RDS, and S3 -- giving engineering and FinOps teams deep visibility into cost drivers across their most significant infrastructure components. ## Investor and Customer Perspectives Nowi Kallen, Managing Director at Salesforce Ventures, highlighted the investment's value for scaling enterprises seeking to bring rigor to cloud cost management. Noam Blidstein, Head of Global IT Operations at Cross River Bank, praised the platform's ability to provide actionable visibility into cloud resource usage and surface meaningful optimization opportunities. ## Related reading [All articles](https://www.pointfive.co/blog) - ### [Our Future in Cloud Cost Optimization](https://www.pointfive.co/blog/our-future-in-cloud-cost-optimization) November 12, 2024 4 min read - ### [PointFive Raises $16M in Seed Funding To Enable Continuous Cloud Cost Optimization](https://www.pointfive.co/blog/pointfive-raises-16m-in-seed-funding-to-enable-continuous-cloud-cost-optimization) June 18, 2024 4 min read - ### [Closing Out a Tremendous Year](https://www.pointfive.co/blog/closing-out-a-tremendous-year) December 22, 2024 3 min read --- Source: the public page above. Product screenshots and illustrative interfaces are examples, not live customer data.