North.Cloud raises $5M Series A to build the future of intelligent cloud finance

Today, we’re announcing the close of our $5M Series A financing, led by Companyon Ventures, a major milestone that will fuel North.Cloud’s mission to simplify, automate, and modernize cloud financial operations for the teams building the future.

This funding will help us reach more engineering and finance teams, deepen our product investments across AI, automation, and sustainability, and scale the platform to support the next generation of cloud infrastructure growth. You can read the full announcement here, and below, I want to share why we started North, what we’ve learned, and where we’re headed next.

Today is a meaningful day for our team. I’m incredibly proud of what we’ve built so far, thankful to our early customers and investors, and more convinced than ever that the future of cloud optimization isn’t just near, it’s already here. And North.Cloud isn’t just responding to that shift, we’re shaping it.

Teams today aren’t short on cloud tooling, they’re short on clarity. Infrastructure is more powerful than ever, but it’s also more fragmented, expensive, and difficult to manage. The pressure to move fast while staying efficient has never been higher. Our belief from the start was that if we could give teams a system that made cost optimization automatic, surfaced insights in real time, and eliminated the manual overhead, they’d not only save money, they’d get back to doing what actually matters: building and shipping great software.

We built North.Cloud to be the cloud financial operating system teams can finally rely on. 

Making cloud finance simple 

From the beginning, we kept hearing the same thing from teams: visibility is fine, but what we actually need is clarity, actionability, and a way to keep up with how fast things move.

So we built North to do more than one thing well. It automates cloud commitments. It replaces clunky tagging systems. It spots anomalies without needing manual work. It tracks cost and carbon in the same view. And it plugs directly into how teams already work, whether that’s in Slack, Jira, or just plain old email.

That range has made North the easy button for various types of teams: 

• A startup running GPU workloads uses us to cut idle waste before every training cycle. 
• A platform team at a global fintech uses us to keep multi-cloud spend aligned with their org structure.
• A lean DevOps team in healthcare uses us to automate budgeting and anomaly alerts across dozens of environments.

What ties them together isn’t their size, industry, or stack. It’s that they needed a way to scale infrastructure without losing control of cost, and without adding complexity.

That’s the platform we’re building. And this raise helps us bring it to many more teams.

If that sounds like something you want to be part of, join us.

North 2.0: Live today

Last week, we launched North.Cloud 2.0, our most ambitious update yet, built directly from customer feedback and designed to tackle the cloud cost challenges teams face every day. This release delivers a redesigned interface, deeper automation, and smarter visibility across your cloud stack. 

Here’s what’s new:

• Real-time commitment automation: No more predicting usage or locking in blindly. Arctic continuously reallocates AWS and GCP reservations based on live demand—delivering up to 55% in compute savings without manual tweaking. 
• No-tag cost allocation: Cloud teams struggle with inconsistent tagging. Coststreams eliminates that need by offering dynamic, ML-powered cost allocation by team, service, environment, or account, plus built-in budgeting and Slack alerts. 
• AI FinOps copilot: Agent North integrates into Slack and the North app, enabling plain-English questions like "Why did GKE spend spike last week?" and delivers instant, actionable insights.
• Multi-cloud support: North.Cloud now supports both AWS and GCP natively, offering a unified workflow for optimization, cost visibility, and commitment management—no platform hopping.

North 2.0 isn’t just feature-rich: it’s purpose-built to reduce friction, automate tedious work, and surface savings in real time. It's faster, cleaner, and more powerful, but above all, it's designed to help teams operate smarter at scale.

If you’re wrestling with cloud costs right now, book a demo with one of our cloud experts or get started in just 5 minutes. We’d love to show you what’s possible.