FinOps has become an essential practice for managing cloud computing costs, gaining traction among businesses tightening budgets. Finout, a leading company in this field, raised $40 million in Series C funding, building on a prior $26 million round. This inclination towards efficient cloud cost management has been bolstered by institutional shifts in the market, including the acquisition of key competitors by major corporations. The company, with an impressive client roster, is poised to capitalize on emerging opportunities in the evolving landscape of cloud financial management.
Even just a few years ago, FinOps - a collection of best practices to manage the costs of cloud computing - wasn't something that was top of mind for a lot of businesses.
The past eight months have been phenomenal for Finout, with two of our biggest competitors being acquired by Broadcom and IBM, giving us a unique market opportunity.
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