FinOps Platform DigitalEx Rebrands as Mavvrik; Announces $6.2MM Seed Round to Address Spiraling IT Costs
- Editor
- Feb 19
- 1 min read
Whats Happening:
Mavvrik, formerly known as DigitalEx, has secured a $6.2 million seed funding round led by S3 Ventures and Flyover Capital. The company offers a unified platform for IT financial control, providing visibility and management across cloud, AI, SaaS, and on-premises infrastructure costs. Mavvrik aims to help enterprises eliminate financial blind spots, enforce accountability, and optimize IT spending.
Key Moves:
DigitalEx rebrands as Mavvrik and secures $6.2MM in seed funding
Mavvrik expands leadership team with key appointments
Platform offers unified financial control across cloud, AI, SaaS, and on-prem IT spend
By The Numbers:
$6.2 million seed funding round secured
Tracks costs across 4 major public cloud providers
Manages spend for AI workloads from 6+ providers including Meta, OpenAI, and Amazon Bedrock
Key Quotes:
"Infrastructure costs are no longer just an IT problem—they're now a financial risk," said Sundeep Goel, CEO of Mavvrik.
"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," said Eric Engineer, Partner at S3 Ventures.
Bottom Line:
Mavvrik's $6.2 million seed funding and rebranding signal a growing demand for comprehensive IT financial management solutions. As enterprises face increasing complexity in their IT ecosystems, Mavvrik's platform aims to provide the visibility and control needed to optimize spending and drive strategic IT investments across cloud, AI, SaaS, and on-premises infrastructure.
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