See other companies on Welcome to the Jungle

Ternary

Cloud computing cost management

Ternary logo
21-100 employees
  • Fintech
  • B2B
  • Enterprise
  • SaaS
  • Accounting
  • Cloud Computing
SoMa, San Francisco, CA

Jump to section

Company mission

To build the future of cost management in the cloud.

Our take

As businesses increasingly move their data and processing power off premises, finance teams must ensure cloud spending remains in budget. However, collaboration with engineers to manage cloud usage can prove difficult, with anomalies often addressed after they have occurred. Ternary’s Google Cloud native tool connects finance and engineer teams to one another, and provides automation for collaboration.

Ternary was founded in 2020 in response to the founders’ first-hand challenges getting engineering and finance teams to collaborate on cloud spend. Its platform combats reactive management of variable cloud spending by empowering engineers to make informed cloud-cost decisions, and also giving finance teams context for where their cloud budget is being spent. To date it has managed over $7 billion in cloud spend, realizing $1.5 billion in savings for its customers.

The company has an over 100 active enterprise customers and is FinOps Foundation certified. It is riding the AI wave by adopting the new technology to predict business cloud needs, automatically generating actionable insights around cost reductions and anomalies.

Kirsty headshot

Kirsty

Company Specialist at Welcome to the Jungle

Benefits

  • 401(k): We offer a 401(k) retirement plan managed by Guideline.
  • PTO: We offer unlimited PTO to encourage everyone to take the time they need to recharge.
  • Remote-First with Sponsored Team Travel: We are a remote-first company offering flexibility to everyone to work where it makes sense. We also sponsor frequent team meet-ups.
  • Equity: We offer competitive equity so that you can own the outcomes of the company.
  • HealthCare: We offer a range of United Healthcare and Kaiser health plans. We cover 100% of employee premiums and 75% of spouses/dependents.
  • WFH Budget: We provide you with a budget to get your home office set up so that you can be comfortable and productive from day one.

Company values

  • We value getting to the truth of something and not being right or wrong
  • We are transparent with each other; all data is shared
  • We build only for the future
  • Above all, we treat each other with respect and employ empathy in all of our interactions

Funding (2 rounds)

Oct 2023

$12m

SERIES A

Feb 2022

$6.8m

SEED

Total funding: $18.8m

This company has top investors

Leadership

Sasha Kipervarg

(CEO)

Governing Board Member at FinOps Foundation. Former Head of Global Cloud Operations at LiveRamp.

Joshua Kwan

(CTO)

Former Team Lead and Architect, DevOps at LiveRamp. Previously Senior Software Engineer at Arbor and at Schrödinger.

Patrick Raymond

(CPO)

Former Sr. Product Manager at LiveRamp. Previously Director of Operations at DimEye Corp.