PointFive Raises $60M Series B to Control AI and Cloud Costs
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PointFive has raised $60 million in a Series B round to expand its platform for managing cloud and AI costs. The company, based in New City, New York, announced the round on June 8, 2026, bringing its total funding to $96 million.
The financing was led by Accel, with participation from Salesforce Ventures, Entrée Capital, Perpetual Growth, Vesey Ventures, Sheva Ventures and Index Ventures. The round values PointFive’s platform at $500 million post-money, a figure that reflects investor belief in a problem that is growing quickly for enterprises.
That problem is the cost of running AI. As companies pour resources into AI workloads on top of their existing cloud spending, they are confronting a new and fast-expanding category of expense. PointFive describes its product as an AI Efficiency OS, built to help enterprises optimize and control both cloud and AI costs rather than watch them spiral. The appeal is straightforward, since few finance and engineering leaders want to discover after the fact that their AI ambitions have blown through their budgets.
The company’s growth supports the thesis. PointFive reported 6x growth in annual recurring revenue between 2024 and 2025, the kind of trajectory that tends to attract top-tier investors like Accel. That rapid expansion suggests enterprises are actively looking for tools to rein in spending as their AI usage climbs.
With the new capital, PointFive plans to fund product development and expand its go-to-market efforts. The timing aligns with a broader moment in enterprise technology, where the excitement around AI is increasingly accompanied by hard questions about cost. PointFive is betting that helping companies answer those questions will make its platform a standard part of how enterprises manage their growing cloud and AI bills.