Mavvrik puts an end to financial blindspots— giving
CFOs, FinOps, and IT teams real-time control over every dollar
spent across Cloud, AI, SaaS, and On-Prem infrastructure
AUSTIN,
Texas, Feb. 19, 2025 /PRNewswire/
-- Mavvrik, the unified platform for IT financial
control, today announces a $6.2MM
seed funding round led by S3 Ventures and Flyover Capital, with
participation from Tuesday Capital, ClutchVC, Amplify.LA, and Knoll
Ventures. This investment fuels Mavvrik's go-to-market expansion
and product innovation. As part of this growth, Mavvrik is
expanding its leadership team, including the appointments of
Paul Franz, VP of Sales;
Chris Paap, VP of Product
Management; and Lindsey Tishgart, VP
of Marketing.
FinOps teams are under mounting pressure to rein in
unpredictable public cloud, private cloud, on-prem, AI, and SaaS
costs. The challenge is escalating with AI workloads scaling at an
unprecedented pace, GPU compute demands surging, on-prem
infrastructure making a comeback, and multi-cloud environments
growing increasingly complex. As IT spending becomes more
fragmented, financial blind spots widen, making accurate cost
allocation, forecasting, and chargebacks nearly impossible.
Mavvrik solves this problem by serving as a single source of
truth for cloud, AI, on-prem, and SaaS spend, ensuring enterprises
can:
- Gain full cost visibility across cloud, AI, on-prem, and
SaaS ecosystems
- Automate cost allocation and chargebacks to hold teams
financially accountable
- Set budget guardrails and anomaly detection to prevent
cost overruns
- Optimize AI and GPU spend with per-model tracking and
forecasting
- Track Cost-to-Serve at the customer, product, and
feature level to maximize profitability
"Infrastructure costs are no longer just an IT problem—they're
now a financial risk," said Sundeep
Goel, CEO of Mavvrik. "Companies are investing heavily in
AI, cloud, and SaaS without knowing where the money is going.
Mavvrik delivers the financial visibility and automation CFOs and
FinOps teams need to eliminate waste, enforce accountability, and
turn IT costs into strategic investments."
Unlike traditional FinOps tools that focus solely on cost
tracking and short-term optimization, Mavvrik ensures every dollar
is accounted for by tracking and managing costs across:
- Public cloud providers: AWS, Google Cloud, Microsoft
Azure, Oracle Cloud
- Private cloud environments: VMware, Kubernetes
- AI workloads: Meta, Anthropic, OpenAI, Mistral, Amazon
Bedrock, Gemini, and more
- SaaS ecosystems: Ensuring visibility and cost control
across applications such as Databricks, MongoDB, and more
"AI, multi-cloud, and SaaS sprawl have turned IT spending into a
black box, making cost governance nearly impossible—until now,"
said Eric Engineer, Partner at S3 Ventures. "Mavvrik is
transforming IT cost chaos into financial discipline—bringing
real-time transparency, unit economics, and predictive budget
controls to the fastest-growing areas of IT spend. This is the end
of reactive cost management. We're thrilled to partner with Mavvrik
to deliver financial governance that's proactive, automated, and
built for the scale of modern IT."
To learn how Mavvrik helps enterprises eliminate waste, enforce
financial accountability, and forecast IT spend with precision,
visit https://www.mavvrik.ai/.
About Mavvrik
Mavvrik is the financial control center
for modern IT, providing enterprises with complete visibility,
automation, and governance across cloud, AI, SaaS, and on-prem
infrastructure. Built for CFOs, FinOps, and IT leaders, Mavvrik
eliminates financial blind spots, enforces accountability, and
transforms IT costs into strategic investments. With real-time cost
tracking, automated chargebacks, and predictive budget controls,
Mavvrik helps enterprises reduce waste, optimize AI and hybrid
cloud spend, and maintain financial precision at scale.
Visit www.mavvrik.ai to learn more.
About S3 Ventures
Founded in 2005, S3 Ventures is one
of the largest and longest-serving venture capital firms in
Texas. We empower visionary
founders with the patient capital and true resources required to
grow extraordinary, high-impact companies in Business Technology,
Digital Experiences, and Healthcare Technology. Learn more at
www.s3vc.com.
Media Contact:
Rick Medeiros
510-556-8517
390363@email4pr.com
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SOURCE Mavvrik
