Ex-IntSights founders land $20M for PointFive to combat cloud cost wastage
Ex-IntSights founders land $20M for PointFive to combat cloud cost wastage
The Israeli startup’s platform automates cost savings for enterprises managing cloud resources.
PointFive, which develops a cloud cost optimization platform, announced on Tuesday that it has secured an additional $20 million in Series A funding, bringing the company’s total capital raised to $36 million only 18 months since the company’s inception.
The round was led by Salesforce Ventures, with participation from all existing investors- including Index Ventures, Entree Capital, Sheva VC, and Vesey Ventures. Investors also include notable angel investors such as Assaf Rappaport (Wiz, Adallom); Mickey Boodaei (Transmit Security, Trusteer, Imperva); Tamar Yehoshua (Ex-Slack); Yasmin Lukatz (ICON); Amiram Shachar (Spot, Upwind), Dean Sysman (Axonius), Raanan Raz and Kfir Tishbi (Avalor Security).
PointFive’s platform addresses the challenge of cloud cost management by identifying hidden or overlooked cost inefficiencies and providing actionable, automated remediation steps that engineering teams can easily implement.
The PointFive founding team—Alon Arvatz, Gal Ben-David, and Amir Hozez—have been working together for over a decade. The Unit 8200 graduates previously built IntSights, a cybersecurity startup acquired by Rapid7 for $350 million in 2021. This team brought IntSights to global scale with over $30 million in ARR and hundreds of enterprise customers. When they joined Rapid7, they were tasked with reducing cloud costs, and immediately recognized the difficulty of tracking that problem in the enterprise. It was there that the idea for PointFive started, as they saw an opportunity to build a new centralized platform that seamlessly transformed insight into action.
The company currently employs 50 people, including 40 in Israel. It plans to hire several dozen more employees by the end of 2025.
“Our mission is to empower enterprises to transform cloud cost optimization from a reactive process into a proactive strategy, making cost efficiency a core principle of sound engineering,” said Alon Arvatz, CEO and Co-Founder of PointFive. “This funding will enable us to further advance our technology, which delves deeper than any other solution to expose hidden inefficiencies and drive actionable change.”
In just 18 months since emerging from stealth, PointFive counts major tech companies like FaElastic, BHN, Checkmarx among others as paying customers. PointFive plans to significantly expand its team and scale its sales and marketing efforts in the U.S.
