PointFive Raises $60 Million, Backed by Yasmin Lukatz and Micky Bodai

PointFive, which built a platform for managing cloud and AI costs, has raised $60 million in a Series B round, bringing the company’s total funding to about $96 million. The current round was led by Accel, with participation from Index Ventures, Salesforce Ventures, Entrée Capital, Perpetual Growth, Vesey Ventures and Sheva Ventures, alongside notable investors who led and participated in previous rounds, including Micky Bodai, Yasmin Lukatz, Guy Podjarny and Amiram Shachar.

PointFive was founded in 2023 by Alon Arbetz, who serves as CEO, Gal Ben-David, who serves as chief product officer, and Amir Huzaz, who serves as chief technology officer. The three are among the founders of IntSights, a cyber startup acquired by Rapid7 in 2021 for about $350 million. The founders have worked together for more than a decade and have many years of experience in cybersecurity. The company employs more than 100 people and operates from Tel Aviv, London and the United States.

In an interview with Calcalist, Alon Arbetz explained how the company has changed since it was founded: “We still support cloud, but people are very worried about AI. People are not prepared for AI growth. The growth there is in the hundreds of percent a year. AI spending in an organization is growing fivefold, and it has become, in terms of technology infrastructure costs, the most alarming thing that has happened. It is the most critical event that can get out of control. It does not happen in a vacuum, the vendors want to improve margins and they are moving to token-based payment instead of a fixed subscription, and the bills are rising accordingly.”

Arbetz added: “We had to make a complete change in the company, redirect engineering resources and hire a new team of employees. This round very much helps develop the products, and we have become AI native from the start. Everyone works in Claude, everything is done only with AI tools. The biggest challenge was bringing in expert AI researchers, and we understood that everyone is going there. As a repeat entrepreneur, I am very excited because the whole world has changed completely. The difference between SaaS and AI is night and day, and everything I learned there is changing. In the past, as much software as possible and as few services as possible. Today, people expect everything to be done for them end to end with the product. I already provide implementation services, and two years ago that would have been forbidden in the industry. We moved from two-year subscriptions to consumption-based models. There is a deep cultural shift, and I feel that every day I am challenged and reinventing myself.”