What is Ternary?
Ternary offers a specialized FinOps platform designed to empower cloud engineers, IT finance, and business teams in optimizing cloud costs specifically for Google Cloud Platform (GCP). Purpose-built to address the unique cloud cost management needs of GCP customers, Ternary has established itself as a Google Cloud Partner and holds FinOps Foundation certification. Since its inception in 2021, the company has achieved substantial traction, serving over 100 active enterprise clients.
How much funding has Ternary raised?
Ternary has raised a total of $18.7M across 2 funding rounds:
Angel/Seed
$6.7M
Series A
$12M
Angel/Seed (2022): $6.7M with participation from Operator Partners, FinVC, Oceans Ventures, and Neva Sgr
Series A (2023): $12M led by Gaingels, Jump Capital, RiverPark Ventures, Fin Capital, and Great Oaks Venture Capital
Key Investors in Ternary
Gaingels
Gaingels is a leading investment syndicate supporting the LGBTQ community and allies in venture capital, investing in companies with LGBT founders and C-suite leaders, as well as inclusive teams across various sectors.
Jump Capital
Jump Capital is a venture capital firm focused on early-stage fintech, application software, and infrastructure software, known for its rigorous financial expertise and operational support for portfolio companies.
RiverPark Ventures
RiverPark Ventures is an early-stage venture capital fund founded by entrepreneurs, investing in entrepreneurs and part of the multi-strategy RiverPark family of funds.
What's next for Ternary?
The recent major strategic investment positions Ternary for accelerated growth and market expansion. With a solid foundation of over 100 enterprise customers and a certified platform for GCP cost optimization, the company is poised to further enhance its offerings and capture a larger share of the burgeoning FinOps market. Future developments are likely to focus on deepening platform capabilities, expanding integrations, and potentially exploring new cloud environments or advanced analytics to meet evolving enterprise demands for cloud financial management.
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