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Stock impact report

Frugal Raises US $5M Seed to Bring Cost Engineering to Cloud and AI Applications [Yahoo! Finance]

Datadog, Inc. - Class A (DDOG) 
Last datadog, inc. - class a earnings: 2/13 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
OTTAWA, Ontario, November 12, 2025 BUSINESS WIRE Frugal AI , the company turning inefficient code into cloud savings, today announced a $5 million seed round led by Whitecap Venture Partners with participation from Mistral Venture Partners, as well as the founders of Snyk and CloudCheckr. Frugal was founded by repeat entrepreneurs Mike Weider Craig Conboy and Rob Calendino Frugal is the world's first Application Cost Engineering (ACE) platform, designed to help developers and FinOps teams rein in ballooning cloud managed service and AI bills before they hit production. With spending approaching $1T, benchmark studies show most tech companies are spending over 10% of top line revenue on cloud costs. New investments in AI are driving up growth rates to unsustainable levels. "Cloud and AI costs are quietly eroding software margins," said Mike Weider, CEO and co-founder of Frugal. "Our first-of-its-kind solution for automating code efficiency will deliver much needed savings without Show less Read more
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