North.cloud raises $60M to tame cloud costs

North Cloud Holdings Inc. has raised $60 million in a Series B round led by PeakSpan Capital to expand its autonomous financial operations platform for cloud and AI cost management. The platform unifies spend intelligence, automates cost optimization, and includes a TokenFlow feature that consolidates AI model usage, budgets, and compute costs alongside traditional cloud spending. North.cloud now supports AWS, Azure, and Google Cloud, with native integrations for Snowflake, OpenAI, and Anthropic. Early adopters have saved a combined $400 million, and the company currently manages just under $2 billion in cloud spending for clients.