Frugal
Ottawa, CA · Founded 2025 · 2 known investors
Frugal is an AI-native tool that analyzes application code, observability, and billing data to find and fix inefficiencies that drive usage-based cloud costs across AWS, GCP, Azure, and third-party platforms. It gives engineering teams visibility and control over cloud spend by optimizing code and managed-service usage rather than just right-sizing infrastructure.
Founders & leadership
Frugal was founded in 2025 by Craig Conboy and Rob Calendino.
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Craig ConboyFounder
RC
Rob CalendinoFounder
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Michael WeiderNamed on SEC filing
Board
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Russell SamuelsBoard director
Investors · 2
Funding
SEC filings, press & company announcements$5.6M disclosed across 2 rounds · 2025
- $5Mseed roundNov 2025 · 2 sources
Whitecap Venture Partners (lead), Mistral Venture Partners
Source ↗
▶$575KraisedJun 2025 · 4 investors · Other TechnologyRule 506(b)
▶$575KraisedJun 2025 · 4 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Michael WeiderExecutive Officer, Director
- Russell SamuelsDirector
- Craig ConboyExecutive Officer, Director
- Offering amount
- $575K
- Amount sold
- $575K
- First sale
- May 2025
- Incorporated
- Corporation, Ontario, Canada, 2025
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
In the news
Frequently asked questions
- What does Frugal do?
- Frugal is an AI-native tool that analyzes application code, observability, and billing data to find and fix inefficiencies that drive usage-based cloud costs across AWS, GCP, Azure, and third-party platforms. It gives engineering teams visibility and control over cloud spend by optimizing code and managed-service usage rather than just right-sizing infrastructure.
- Who founded Frugal?
- Frugal was founded by Craig Conboy, Rob Calendino in 2025.
- Who are Frugal's investors?
- Frugal's investors include Mistral Venture Partners, Whitecap Venture Partners.
- How much funding has Frugal raised?
- Frugal has disclosed $5.6M raised across 2 rounds.
- Where is Frugal headquartered?
- Frugal is headquartered in Ottawa, CA.