The round was led by PeakSpan Capital, with participation from Litquidity Ventures, Companyon Ventures, Alpaca, Uncommon Denominator, Gaingels, and Mana Ventures. North will use the funding to expand autonomous optimization across cloud providers, deepen integrations, accelerate AI spend management, and scale its engineering, product, and go-to-market teams.

North.cloud is the infrastructure spend intelligence and automation platform for modern businesses. North gives finance and engineering teams a single system to understand, optimize, and automate spend across cloud, AI, and data, completely eliminating the need for manual oversight. The company is trusted by AssemblyAI, Atlan, SnapLogic, and Imply, is approaching $2 billion in managed cloud spend, and has helped customers save more than $400 million with a 98.8% retention rate.