Finout, a standout player in the cloud cost management space, just announced a hefty $40 million Series C funding round. This comes hot on the heels of their $26 million Series B last March, bringing their total fundraising to $85 million. Not bad for a company that’s only been around for four years!

What’s driving this momentum? According to insiders, the cloud cost management market is heating up. With competitors like VMware’s Tanzu Cloudhealth and Kubecost being snapped up by Broadcom and IBM, Finout suddenly found itself in the spotlight. “The past eight months have been phenomenal for us,” said the company’s co-founder. “With major competitors out of the picture, we’re stepping up as the go-to solution for businesses looking to manage their cloud spending.”

Based in Tel Aviv and New York, Finout has already won over big names like SiriusXM, Lyft, and The New York Times. Their platform helps companies tackle the increasingly complex world of cloud expenses, which can spiral out of control when juggling multiple providers like AWS, Kubernetes, and SaaS tools.

The company focuses on three key areas: analytics to track spending, predictions to forecast future costs, and making FinOps (financial operations for cloud computing) accessible to everyone. “It’s not just about cutting costs,” the co-founder explained. “We’re creating a system that helps organizations understand how their spending aligns with their goals.”

With the new funding, Finout plans to double its engineering team and ramp up its go-to-market efforts. The round was led by Insight Partners, with contributions from Pitango, Team8, and others. While the company didn’t reveal its exact valuation, it’s reportedly doubled since the Series B.

As cloud computing continues to grow, Finout is positioning itself as a critical tool for businesses looking to stay on budget without sacrificing performance. Keep an eye on this one—they’re just getting started.