Accel has led a $60.0M Series b round for PointFive, an infrastructure efficiency platform aiming to redefine how companies manage cloud and AI waste. PointFive specializes in autonomously detecting and remediating deep inefficiencies across major cloud providers and data platforms, including AWS, Azure, GCP, Kubernetes, Snowflake, and Databricks.
The company, which counts Nubank, Elastic, and Blackhawk Network among its enterprise clients, helps engineers avoid optimization tasks by fixing issues like idle resources and over-provisioned infrastructure. PointFive reports identifying over $50.0M in savings for its customers, demonstrating a rapid return on investment.
