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PointFive snaps up $20M for breakthrough tech to track usage across multiple clouds

TechCrunch LogoTechCrunch1w ago

PointFive snaps up $20M for breakthrough tech to track usage across multiple clouds - TechCrunch

Quick Summary:

Enterprise spend on cloud services continues to go up, up, up — to the tune of $675 billion this year — thanks to organizations’ firm embrace of software-as-a-service, the popularity of distributed working, and the arrival of compute-intensive tech like AI.

Coincidentally, one of the angels, Shachar, made his name with a cloud cost optimization tool called Spot, which he eventually sold to NetApp, before going on to found Upwind.

Arvatz said he realised with his previous startup that it was a challenge to sell cloud security to teams who were under pressure to explain why they needed quite so much of it, when they couldn’t show to finance where cloud spend was going in the first place.

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Article Details

Author / Journalist: Ingrid Lunden

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 13:01:32 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 980 words

Reading Time: 6 minutes read

Sentences: 32 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 23554269

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