Finout raises $26M, Ahrefs On-Premise $400M Savings & More

Welcome to this week's edition of the FinOps Weekly Newsletter.

The most relevant articles, videos, and posts in FinOps are to be digested in less than 5 minutes.

Index of Contents

• Articles

• Videos & Events

• Mention of Honor

📰 Articles

Finout has raised $26M in Series B funding, led by RedDot Capital and Maor Investments, to enhance its FinOps platform.

Customer Success: Showcases stories from Wiz, AppsFlyer, and others, demonstrating significant cost savings and improved FinOps adoption.

Future Vision: With recent industry acquisitions, Finout aims to lead with innovative solutions for enterprise cloud cost management.

• FinOps Insights: Microsoft’s experience reveals that FinOps is crucial for cloud success. A lift and shift approach initially left savings unclaimed, but a shift towards cost-aware architecture and collaboration between engineering and business teams proved essential AI and LLMs are poised to revolutionize FinOps, aiding practitioners in migration and modernization decisions.

• Microsoft’s investment in FinOps focuses on analysis, insights, optimization, and what-if simulations.

• Cost Efficiency: Ahrefs and 37signals suggest that on-premises hosting can be more cost-effective than cloud solutions.

• Expert Opinions: Mixed reactions on total cost of ownership (TCO) with some advocating for cloud benefits and others for on-premises advantages.

• FinOps Focus: The 2024 State of FinOps survey emphasizes waste reduction and cost-effective infrastructures as top priorities.

• IBM’s unified product combining Cloudability and Turbonomic for FinOps practitioners.

• Google Cloud introduces FinOps Hub, now generally available, offering tools for cloud cost optimization and financial management.

• Key features include savings quantification, top cost-saving recommendations, and a realized savings ledger.

• CUD Optimization: A widget provides KPIs for committed use discounts, aiding in expenditure management.

• Proactive Monitoring: Emphasizes the importance of identifying billing anomalies to manage cloud costs effectively.

• Team Education: Stresses the need for team awareness and training to prevent billing errors.

• Leverage tools like Azure’s Anomaly Detector for efficient anomaly detection.

📽️Videos & Podcasts

Jon Myer and Tim Dodd hosted a FinOps Roundtable on May 16th along with panelists Adam Zeitlin, Kevin Sullivan, and Stuart Heginbotham

Great discussion about cost anomaly detection and machine learning models’ role in it.

🎖️Mention of Honor

FinOps Scribbler Blog

The Blog by Benjamin van der Maas is a great source of tutorials for the FinOps World!

💝Feedback