PointFive raises $16M Seed funding to provide a cloud cost optimization platform

PointFive, which develops a cloud cost optimization platform for enterprise companies, announced on Wednesday that it has raised $16 million in Seed funding. The round was led by Index Ventures with participation from Entrée Capital, Sheva Capital, and Vesey Ventures, and additional notable angels. The company’s platform aims to uncover deep, infrastructure-level savings opportunities, enabling enterprise organizations to promote continuous cloud cost efficiency through actionable and collaborative remediation workflows.