Cloud cost management platform Ternary has raised USD 12 million in a Series A funding round led by Jump Capital. Other participants include Fin Capital, RiverPark Ventures, Great Oaks Venture Capital, and Gaingels.

The new funds will be used for Ternary's go-to-market efforts, scaling its revenue team, and continuing product development.

Ternary helps companies manage their spending on cloud resources across multiple public cloud providers. The platform analyzes cloud costs, suggests cost optimization strategies, and provides alerts for unexpected spikes in spending. It aims to address the growing need for tools to manage increasing cloud expenditures in the industry.