North.Cloud Raises $5M to Launch AI-Powered FinOps Platform for Smarter Cloud Management
North provides an AI-powered platform that automates cloud cost optimization and financial operations, offering deep savings for AWS and Google Cloud users while maintaining enterprise-grade security.
North.Cloud, the AI-powered platform tackling the rising costs and complexity of cloud infrastructure, just announced a $5M Series A led by Companyon Ventures. Co-founded by CEO Matt Biringer and Yassine Açoine, the company also rolled out North 2.0—an upgraded platform that combines FinOps, GreenOps, and AI to automate cloud savings and drive sustainable infrastructure at scale.
The new tools aim to solve what most cloud teams still manage with spreadsheets and credit cards: a $200B+ public cloud ecosystem rife with inefficiencies. Already trusted by companies like Brave and Stayntouch, North.Cloud has grown from $0 to $6M ARR in just over a year, saving customers up to 50% on AWS compute spend and onboarding new teams in under 5 minutes.
Making Multi-Cloud Smarter and Greener
With AI adoption driving cloud usage to new highs, North 2.0 offers a first-of-its-kind suite for real-time, automated cloud optimization. Features like Arctic reallocate AWS and GCP commitments on the fly—cutting compute costs by up to 55% without requiring long-term forecasts or lock-ins. Agent North, their Slack-based AI FinOps assistant, helps teams flag anomalies and generate insights with simple, natural language prompts.
Beyond cost-cutting, the platform also introduces GreenOps visualizations to track environmental impact, from carbon to water usage. These tools align infrastructure decisions with sustainability goals—a growing priority for tech-forward teams across content, fintech, and healthcare.
From Credit Cards to Intelligent Cloud Spend
Despite explosive cloud growth, more than 95% of spend is still managed manually. “With AI adoption accelerating, companies are seeing a surge in cloud usage and infrastructure complexity,” said Andrew Berg of Companyon Ventures. “North is perfectly positioned to meet this moment.”
With expanded GCP support, real-time fleet intelligence, and a user-first design, North.Cloud is building the operating system modern engineering teams need to scale responsibly—and affordably—in the age of AI.
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