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

📰 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.

AI and LLMs have the potential to transform an organization’s approach to migration and modernization and towards a cost-aware architecture.

Microsoft realized that establishing collaboration between engineering and business teams would be critical to realizing their hope of reduced cost and increased innovation in the cloud.

• 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.

Ahrefs Joins Others in Suggesting That On-Premises Hosting Can Be More Cost Effective than Cloud

Ahrefs, an SEO software suite company, was able to prevent $400 million in expenditures over three years by not leveraging cloud resources.

• 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 FinOps Suite Announcement

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

Introducing FinOps hub @ Google Cloud

FinOps hub, now GA, helps to rightsize resources, reduce waste, and perform rate optimization with committed use discounts (CUDs).

• 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.

Best Practices in Identifying Azure Billing Anomalies

One of the biggest challenges in managing cloud costs is identifying and resolving billing anomalies. These are unexpected or incorrect charges on your Azure bill that can significantly impact your budget and bottom line if left unchecked.

• 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

FinOps Roundtable

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

FinOps Nexus #8 ft Eric Lam (Google Cloud)

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

🎖️Mention of Honor

FinOps Scribbler Blog

FinOps Scribler – Medium

Read writing from FinOps Scribler on Medium. Writing about FinOps, IT Leadership, and Data Analysis. Every day, FinOps Scribler and thousands of other voices read, write, and share important stories on Medium.

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

💝Feedback

That’s all for this week.

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