North.cloud Raises $60M Series B to Automate Cloud and AI Spend Management

North.cloud has raised $60 million in Series B funding to expand its platform for managing cloud infrastructure, AI usage, and data costs. The round, announced October 15, is led by PeakSpan Capital, with participation from Litquidity, Companyon Ventures, Alpaca, Uncommon Denominator, Gaingels, and Mana Ventures. The financing targets a problem that becomes harder as AI moves into production: a product's operating costs can span cloud compute, model APIs, and data platforms, while the people...