ScaleOps, a rising name in cloud cost management, tackles a persistent issue—resource inefficiency and skyrocketing expenses as cloud usage scales. Founded by Yodar Shafrir and Guy Baron, the New York-based startup recently raised $58 million in Series B funding. This significant investment, led by Lightspeed Venture Partners, aims to help enterprises manage cloud costs more effectively while also maximizing performance.
As a player in the FinOps space, ScaleOps targets companies focused on controlling cloud expenses. In fact, FinOps tools have become essential as organizations increasingly rely on cloud infrastructure for AI and data-heavy tasks. According to Shafrir, now CEO, ScaleOps addresses a critical need: “Our platform unites DevOps, FinOps, and app teams, automating resource optimization to cut waste and boost performance.”
ScaleOps’ technology continuously evaluates each application’s requirements and adjusts cloud resources based on specific performance demands. Notably, its flexible design works across public, private, and on-premise cloud environments.
As a result, ScaleOps has already built an impressive client list, including companies like SentinelOne and cloud security firm Wiz. Shafrir anticipates that the client base will reach 100 by the year’s end, signaling growing demand for efficiency, particularly during economic uncertainty.
With cloud spending projected to surpass $2 trillion by 2030, effective spend management is crucial. This need inspired Shafrir, who met Baron while managing cloud expenses at Run:ai, the workload management startup that Nvidia is now attempting to acquire. Together, they crafted a solution to ease DevOps teams’ frustrations by automating resource management.
Furthermore, the new funding, which included NFX, Glilot Capital Partners, and Picture Capital, will allow ScaleOps to expand its workforce from 60 to over 200 by 2026. As FinOps gains traction across sectors, Shafrir emphasizes, “ScaleOps is here to make cloud investments sustainable, building on that momentum.”
