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Frugal
Ottawa, CA · Founded 2025 · 2 known investors
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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.
Founders & leadership
Frugal was founded in 2025 by Michael Weider, Craig Conboy, and Rob Calendino.
Board
Investors · 2
How we know: Mistral Venture Partners's portfolio page · frugal.co · the VCSheet dataset · Not right? Tell us
How we know: Whitecap Venture Partners's portfolio page · frugal.co · the VCSheet dataset · Not right? Tell us
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)
- 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 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.