Ternary Raises $12M in Series A Funding
Summary
Led by CEO Sasha Kipervarg, Ternary provides enterprises and managed service providers (MSPs) with a multicloud spend management platform to optimize their costs. The company intends to use the funds to enhance product development, incorporating customers’ existing processes and in-house tools, and accelerate delivery of features that enrich customer data with the most relevant business data, from any source, at infinite scale. In this way, Ternary will empower customers to track cloud spending optimizations to completion. The company will also deepen the commitment modeling for its multicloud ramp plans to include data-center spend, as well as AI spend and ISV costs (e.g., Snowflake, Datadog, and Twilio). Ternary will simplify complex problems throughout the cloud migration lifecycle, providing real-time modeling resources and rate optimizations, placing workloads where they can be most efficient, and recommending managed services and serverless technologies from lift-and-shift migration.