Ternary, a San Francisco, CA-based FinOps platform provider for Google Cloud Platform, raised $6.72 million in Seed funding.
The round was led by FinVC and NEVA SGR, with participation from Oceans Ventures, Operator Partners, Great Oaks Venture Capital, and Riverpark Ventures.
The company intends to accelerate product development, expand sales and marketing efforts and build its team to meet the demand for its SaaS platform.
Company: Ternary Inc.
Round: Seed Round
Funding Month: February 2022
Lead Investors: FinVC and NEVA SGR
Additional Investors: Oceans Ventures, Operator Partners, Great Oaks Venture Capital, and Riverpark Ventures
Company Website: https://ternary.app/
Software Category: FinOps platform
About the Company: Led by CEO Sasha Kipervarg, Ternary is an advanced SaaS platform purpose-built for optimizing the costs of GCP services. The company provides the automation to empower application development, DevOps/SRE, IT finance, IT executives, and other stakeholders to understand, plan, and optimize GCP costs to control variable cloud spending. With Ternary, teams collaborate to identify unseen savings and ensure they continuously spend to plan. Purpose-built to address GCP customers’ specific cloud cost optimization needs, the company is a Google Cloud Partner and a FinOps Foundation certified platform. Since launching in 2021, Ternary has grown to more than 100 active enterprise customers.