Ternary provides a multi-cloud FinOps platform designed to bring clarity to complex cloud spending for engineering, finance, and FinOps teams. The platform enables users to visualize technology spend, forecast budgets confidently, and implement precise cost allocation rules across AWS, GCP, and Azure. This unified visibility helps organizations align cross-functional teams and maximize the business value derived from their cloud investments.
Funding
$20.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
JCFounders
Product
Problem
Organizations struggle to visualize and manage cloud spending across multiple platforms like AWS, GCP, and Azure, leading to inefficient resource allocation and unexpected costs. This lack of visibility hinders optimization efforts and makes it difficult to improve gross margins.
Solution
Ternary provides a multi-cloud financial operations (FinOps) platform that centralizes cloud cost data, enabling organizations to visualize and understand their cloud bills and variable cloud-based spend. The platform offers a user-friendly interface with actionable insights, empowering businesses to identify optimization opportunities, reduce expenses, and improve gross margins. By bridging the gap between FinOps, engineering, and finance teams, Ternary facilitates a cost-conscious culture and data-driven decision-making. The platform supports key FinOps capabilities, including custom labels, budgeting and forecasting, cost allocation, unit economics, usage and rate optimization, anomaly detection, and case management.
Target Audience
Ternary is designed for FinOps teams, engineering departments, finance professionals, and managed service providers (MSPs) seeking to optimize cloud spending and improve financial performance across multi-cloud environments.
Features
- Multi-cloud cost visibility across AWS, GCP, and Azure
- Customizable dashboards and reports for detailed cost analysis
- Budgeting and forecasting tools to track spending against plans
- Cost allocation rules to drive accountability across teams
- Unit economics tracking to assess the impact of cloud on the business
- Rightsizing recommendations for compute, databases, storage, and Kubernetes
- Commitment discount management for spend and resource-based commitments
- Anomaly detection with alerting rules based on dollar and percentage thresholds
- Bi-directional Jira integration for case management
- Support for both SaaS and self-hosted deployment options
- REST API for automation and integration with existing toolsets
- Integration with observability tools like Datadog, CloudWatch, and Google Cloud Monitoring