Ternary to bring more transparency to Google Cloud spending

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Time to Read: 3 minutes

San Francisco-based Ternary has partnered with SADA Systems and other channel companies to bring more transparency to Google Cloud spending.

Many companies may find it easy to migrate and operate in the cloud, but one issue still remains: how to control the associated costs.

As many as a third of businesses have cloud budget overruns of up to 40 percent, and one in 12 companies exceeds that number, according to results from a survey of 750 senior enterprise IT professionals by Santa Clara, Calif.-based Pepperdata.

Cue companies like Ternary, a San Francisco-based startup offering what it’s billing as the first native cloud financial management tool built for Google Cloud.

The company’s app provides development teams with a portal that shows spending on Google Cloud-related services — including Compute, Storage, BigQuery, Kubernetes, Dataflow and Dataproc — compared with the amount of money the team has budgeted.

The app also forecasts spending and monitors unusual spikes in spending to keep companies’ finance officials happy. The app shows and models for users the effect of Google’s discounts on spending, and it will provide savings recommendations.

To help Ternary bring its tool to market, the company of 10 employees has raised $1.6 million in initial funding from the likes of Greycroft, Oceans Ventures, Operator Partners, Great Oaks Venture Capital and Correlation Ventures.

 

Picture from freepik.com

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Ternary to bring more transparency to Google Cloud spending

by kajalmishra@3ai.in Time to Read: 2 min
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