North.cloud Raises $60M Series B

North.cloud, based in New York, a company that provides a financial operating system for managing cloud, AI, and data infrastructure costs, has raised $60 million in Series B funding. This latest investment brings their growth trajectory further as they continue to help organizations automate cloud financial management.

Investors

The round was led by PeakSpan Capital, a growth-focused investment firm. Additional participants in the round included Litquidity Ventures, Companyon Ventures, Alpaca, Uncommon Denominator, Gaingels, and Mana Ventures.

North.cloud Use of Funds

North plans to use the capital to expand autonomous optimization capabilities across major cloud providers, deepen platform integrations, and accelerate the development of AI spend management tools. Additionally, the funds will support scaling the company's engineering, product, and go-to-market teams.

About North.cloud

Founded with a mission to eliminate manual cloud cost optimization, North.cloud provides an infrastructure spend intelligence and automation platform. The company's product serves as a financial operating system that allows finance and engineering teams to understand, optimize, and automate expenses across cloud services, AI models, and data platforms without requiring manual oversight.

Funding Details

Company Website: https://north.cloud

Company: North.cloud
Raised: $60M
Round: Series B
Funding Date: October 15, 2026
Lead Investor: PeakSpan Capital
Additional Investors: Litquidity Ventures, Companyon Ventures, Alpaca, Uncommon Denominator, Gaingels, Mana Ventures
Software Category: FinOps / Cloud Management
Source: https://www.prnewswire.com/news-releases/northcloud-raises-60m-series-b-to-unify-spend-intelligence-and-enable-full-automation-across-cloud-ai-and-data-302909322.html