North.cloud announced on October 15, 2026, that it has closed $60 million in Series B funding led by PeakSpan Capital to expand its financial operating system for cloud, AI, and data.
Series B Funding Details
North.cloud announced that it has closed $60 million in Series B funding. The round was led by PeakSpan Capital, with participation from Litquidity Ventures, Companyon Ventures, Alpaca, Uncommon Denominator, Gaingels, and Mana Ventures.
North stated it 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.
Platform Scale and Recent Updates
North is approaching $2 billion in managed cloud spend and reported helping customers save more than $400 million. Its customers include AssemblyAI, Atlan, Tines, SnapLogic, Emplifi, and Imply.
The financing follows the launch of North v3, which expanded the platform to Microsoft Azure to complete coverage across major hyperscalers. The release also introduced native integrations with OpenAI, Anthropic, and Snowflake, while extending Autobot, the company's automated commitment laddering engine.
Key facts and where they come from
- North.cloud closed $60 million in Series B funding.
North.cloud, the financial operating system for cloud, AI and data, today announced it has closed $60 million in Series B funding.
- The funding round was led by PeakSpan Capital.
The round was led by PeakSpan Capital, with participation from Litquidity Ventures, Companyon Ventures, Alpaca, Uncommon Denominator, Gaingels, and Mana Ventures.
- North is approaching $2 billion in managed cloud spend.
North is approaching $2 billion in managed cloud spend and has helped customers save more than $400 million
- North v3 added support for Microsoft Azure and integrations with OpenAI, Anthropic, and Snowflake.
The financing follows the launch of North v3, which expanded the platform to Microsoft Azure, completing coverage across all three major hyperscalers. The release also introduced native integrations with OpenAI, Anthropic, and Snowflake
Read the original from Company press releases (PR Newswire) →