Mavvrik, a unified platform for IT financial control, announced a $6.2 million seed funding round led by S3 Ventures and Flyover Capital, with participation from Tuesday Capital, ClutchVC, Amplify.LA, and Knoll Ventures. This funding round fuels Mavvrik’s go-to-market expansion and product innovation.
As part of this growth, Mavvrik expands its leadership team, including the appointments of Paul Franz, VP of Sales; Chris Paap, VP of Product Management; and Lindsey Tishgart, VP of Marketing.
Financial operations teams are under mounting pressure to address unpredictable public cloud, private cloud, on-prem, AI, and SaaS costs. And 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. With IT spending becomes more fragmented, financial blind spots widen, making accurate cost allocation, forecasting, and chargebacks nearly impossible.
Mavvrik addresses this issue by serving as a single source of truth for cloud, AI, on-prem, and SaaS spending, 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 spending with per-model tracking and forecasting
— Track cost-to-serve at the customer, product, and feature level to maximize profitability
Unlike traditional financial operations 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
KEY QUOTES:
“Infrastructure costs are no longer just an IT problem—they’re now a financial risk. 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.”
– Sundeep Goel, CEO of Mavvrik
“AI, multi-cloud, and SaaS sprawl have turned IT spending into a black box, making cost governance nearly impossible—until now. 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.”
– Eric Engineer, Partner at S3 Ventures
