Mavvrik, which helps businesses manage spending on cloud and IT infrastructure, has raised $6.2 million in seed funding, CEO Sundeep Goel tells Axios exclusively.
Why it matters: Global IT spending is increasing nearly 10% per year, and AI adoption could accelerate that pace.
Check out the full article at: https://www.axios.com/pro/fintech-deals/2025/02/19/cloud-cost-control-startup-mavvrik-raises-6-2m
The tokenomics crisis is real, confirms a new report from Mavvrik, and demands some organizational re-thinking around value derivation and cost management.
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AI budgets in enterprises are increasingly being allocated towards operations rather than training, reflecting maturity in AI spending. However, a significant portion of projects face unexpected costs, which can derail progress. Data from Gartner, Mavvrik, and Deloitte highlight this transition and its associated challenges.
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Ray (Benchmarkit) sat down with Kathy Rudy (ISG), Larry Lubinski (AlixPartners), and Sundeep Goel (Mavvrik) to break down what’s really happening with AI spend and why so many companies still can’t answer a simple question: what is this actually costing us?
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