Ternary

Ternary

Multi-cloud FinOps platform for cost optimization

Overview

Ternary is a multi-cloud FinOps platform that helps enterprises understand, manage, and optimize cloud costs across providers. The platform visualizes spending, attributes where money is going, and enables sharing and collaboration among finance, engineering, and FinOps teams. It uses AI-powered insights that users can tune, along with forecasting and planning tools, to identify opportunities to optimize rates and rightsize resources. Ternary is subscription-based and designed for infinite scale, handling large cloud spend (over $7B managed to date) across multiple clouds. Its goal is to help organizations maximize profits and accelerate innovation by providing clear, actionable visibility into who spent what, when, and where.

About Ternary

Simplify's Rating
Why Ternary is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

AI & Machine Learning

Financial Services

Company Size

11-50

Company Stage

Series A

Total Funding

$18.7M

Headquarters

San Francisco, California

Founded

2020

Simplify Jobs

Simplify's Take

What believers are saying

  • Named Leader in ISG Provider Lens Multicloud FinOps Platforms report December 2024.
  • Manages over $7B multi-cloud spend across hundreds of enterprise customers.
  • Tripled partner ecosystem accelerates growth through new platform capabilities.

What critics are saying

  • CloudZero steals share with superior showback and unit economics metrics.
  • AWS Cost Explorer and Azure tools erode demand for Ternary subscriptions.
  • Open-source Cloud Custodian eliminates need for Ternary's paid rightsizing.

What makes Ternary unique

  • Ternary offers FinOps Certified Platform with FOCUS for multi-cloud billing standardization.
  • Self-hosted deployment ensures data privacy for public sector and regulated enterprises.
  • API-first approach enables partners with MSP billing statements and bill splitting.

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Funding

Total Funding

$18.7M

Meets

Industry Average

Funded Over

2 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Below Average

Industry standards

$15M
$8.2M
Discord
$12M
Ternary
$15M
Canva
$30M
Kalshi

Benefits

Health Insurance

401(k) Retirement Plan

Remote Work Options

Home Office Stipend

Company Equity

Growth & Insights and Company News

Headcount

6 month growth

-3%

1 year growth

-3%

2 year growth

3%
Ternary
Jul 2nd, 2025
Ternary enhancements: FinOps roundup June 2025

In June, Ternary launched a brand-new video series to help you get even more out of Ternary.

UpNext
Jun 16th, 2025
The Ternary's Exclusive Scotch Whisky Dinner 2025

For one night only, The Ternary joins forces with The Scotch Malt Whisky Society to present an exclusive luxury dining experience.

EIN News
Mar 18th, 2025
Ternary Introduces New FinOps Solution for Public Sector Organizations

Ternary introduces new FinOps solution for Public Sector organizations.

EIN News
Feb 18th, 2025
Ternary Triples Partner Ecosystem and Unveils New Platform Capabilities to Empower Partners and Accelerate Growth

Additionally, Ternary launched MSP billing statements, enabling partners to generate invoices effortlessly, and MSP bill splitting, which allows partners to easily separate billing data for each end customer, ensuring accurate and transparent reporting.

Ternary
Jan 3rd, 2025
Ternary enhancements: FinOps roundup December 2024

Ternary is excited to announce the launch of Ternary MSP Bill Splitting.

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