About Ternary
Ternary is a company based in Claymont (United States) founded in 2020. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Ternary has raised $20.32 million across 3 funding rounds from investors including Jump Capital, Fin Capital and RiverPark Ventures. Ternary offers products and services including Ternary Platform. Ternary operates in a competitive market with competitors including Truebill, Grid, BillTrim, Hiatus and WalletFi, among others.
- Headquarter Claymont, United States
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Ternary, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$20.32 M (USD)
in 3 rounds
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Latest Funding Round
$12 M (USD), Series A
Oct 23, 2023
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Investors
Jump Capital
& 9 more
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Employee Count
Employee Count
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Products & Services of Ternary
Ternary offers a comprehensive portfolio of products and services, including Ternary Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Multi-cloud cost optimization platform for financial management.
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Funding Insights of Ternary
Ternary has successfully raised a total of $20.32M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $12 million completed in October 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $12.0M
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First Round
First Round
(16 Feb 2021)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Series A - Ternary | Valuation | Jump Capital | |
| Feb, 2022 | Amount | Seed - Ternary | Valuation | Fin Capital , Neva SGR | |
| Feb, 2021 | Amount | Seed - Ternary | Valuation | Greycroft , Oceans |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ternary
Ternary has secured backing from 10 investors, including venture fund investors. Prominent investors backing the company include Jump Capital, Fin Capital and RiverPark Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital and funds of fund firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Venture capital firm focused on fintech and B2B SaaS companies
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Founded Year | Domain | Location | |
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Venture capital firm backed by RiverPark Funds group
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ternary
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ternary
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ternary Comparisons
Competitors of Ternary
Ternary operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truebill, Grid, BillTrim, Hiatus and WalletFi, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Subscription services are tracked and managed through an app-based platform.
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| domain | founded_year | HQ Location |
Bills, savings, and tax refunds are managed via mobile platform.
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| domain | founded_year | HQ Location |
Bill management platform
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| domain | founded_year | HQ Location |
Hiatus is developed as an all-in-one finance and bill management tool.
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| domain | founded_year | HQ Location |
Recurring billing and payments are managed via an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ternary
Frequently Asked Questions about Ternary
When was Ternary founded?
Ternary was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Ternary located?
Ternary is headquartered in Claymont, United States. It is registered at Claymont, Delaware, United States.
Is Ternary a funded company?
Ternary is a funded company, having raised a total of $20.32M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.6M, raised on Feb 16, 2021.
What does Ternary do?
A multi-cloud FinOps platform is offered by Ternary to enhance cloud cost transparency and efficiency. Collaboration between finance, engineering, and FinOps teams is facilitated through real-time visibility, accurate forecasting, and actionable insights. Integration with major cloud providers like AWS, Azure, and Google Cloud is supported, alongside tools such as Jira and Snowflake. Solutions are tailored for various industries including public sector, financial services, and retail. Cost management and optimization are simplified for enterprises and managed service providers across multi-cloud environments.
Who are the top competitors of Ternary?
What products or services does Ternary offer?
Ternary offers Ternary Platform.
Who are Ternary's investors?
Ternary has 10 investors. Key investors include Jump Capital, Fin Capital, RiverPark Ventures, Great Oaks Venture Capital, and Gaingels.
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