Frugal was founded by Michael Weider, 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.

Frugal

Ottawa, CA · Founded 2025 · 2 known investors

Find your way into Frugal

155 people in our graph share verified history with the Frugal team — schools, employers, funds. One of them is your warm intro.

Maia Heymannunlockedknows Craig Conboy · together at Watchfire (overlapped)

×4knows the team · via Queen's University

×7knows the team · via Akamai Technologies

Frugal Code connects source, cloud, and observability data to attribute cloud and AI spend to the specific code responsible, identify inefficient usage, and generate merge-ready pull requests that reduce costs. It is aimed at software development teams and integrates with tools like GitHub, Cursor, Claude Code, AWS, and Google Cloud.

AI & Machine Learning Cloud Computing Developer Tools SaaS

Founders & leadership

Frugal was founded in 2025 by Michael Weider, Craig Conboy, and Rob Calendino.

Michael WeiderCo-founder

Craig Conboy inCofounder and CTOCraig Conboy is an engineering leader with experience building internet-scale cloud services, security, and observability products.

Rob CalendinoinVP, Engineering and co-founder

Board

Russell Samuels inBoard directorPartner at Whitecap Venture Partners

Investors · 2

Mistral Venture PartnersToronto

Whitecap Venture PartnersToronto · $1.5M – $3.6M

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 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

Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

In the news

Frugal Raises $5M in Seed Fundingfinsmes.com · Nov 2025

Frugal Raises US $5M Seed to Bring Cost Engineering to Cloud and AI Applicationsfrugal.co · Nov 2025

Frequently asked questions

What does Frugal do?: Frugal Code connects source, cloud, and observability data to attribute cloud and AI spend to the specific code responsible, identify inefficient usage, and generate merge-ready pull requests that reduce costs. It is aimed at software development teams and integrates with tools like GitHub, Cursor, Claude Code, AWS, and Google Cloud.
Who founded Frugal?: Frugal was founded by Michael Weider, 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.