PointFive raises $60M for AI cloud cost optimization

PointFive raised $60 million to expand its AI and cloud efficiency platform. The funding brings total raised to $96 million and validation to $500 million. The platform scans cloud environments to cut costs by half by identifying idle servers, unused storage, and over-provisioned memory in AI workloads. It integrates with customer cloud setups to recommend cost-saving changes without impacting performance.