Bluecopa raises $1.8 Mn in pre-Series A round

Finance operations (FinOps) automation platform Bluecopa has raised $1.8 million in a pre-Series A funding round co-led by Blume Ventures, Dallas Venture Capital, and Venture Catalysts. 

The proceeds will be utilized to expand market reach, enhance AI capabilities, and advance product development, Bluecopa said in a press release.

Co-founded in 2021 by  Nilotpal Chanda, Raghavendra Reddy, and Satya Prakash Buddhavarapu, Bluecopa leverages AI and data analytics to enable the office of the CFO to drive efficiency through autonomous financial processes. It offers a comprehensive solution for modern finance teams and its cloud-native platform, powered by AI, provides a unified solution for finance teams, streamlining operations and improving efficiency.

According to market research, the global market of FinOps is more than $40 billion.

Bluecopa claims that its solution provides value to finance leaders from major industries like eCommerce, financial services, travel, logistics, and gaming. The company has added several prominent customers in the last 12 months.