PointFive secures an additional funding of 20 million dollars, bringing the company’s total capital raised to 36 million dollars only 18 months after the company’s inception
After founding and selling IntSights, the cybersecurity startup acquired by Rapid7 in 2021 for $350 million, Alon Arvatz and his partners, Amir Hozaz and Gal Ben-David, took on a new challenge and founded PointFive, specializing in cloud cost optimization. Just 18 months after its establishment, Alon and his partners announced today a $20 million Series A funding round, following a $16 million Seed round in June, bringing the company’s total capital raised to $36 million.
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 agentless, read-only solution continuously scans cloud environments, using advanced AI models and cyber-like cloud research methodologies to uncover saving opportunities and offer clear, automated pathways to remediate and optimize cost inefficiencies without disrupting engineering workflows.
PointFive identifies savings opportunities of 15-30% of enterprises’ total cloud spend, enabling them to operate more efficiently.
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