Blume Ventures, Dallas Venture Capital, and Venture Catalysts led a pre-Series A funding round that brought in $1.8 million for Bluecopa, an automation platform for finance operations (FinOps).
According to a press release from Bluecopa, the money will be used to improve AI capabilities, broaden the market reach, and progress product development.
Bluecopa, which was co-founded in 2021 by Nilotpal Chanda, Raghavendra Reddy, and Satya Prakash Buddhavarapu, uses AI and data analytics to empower the CFO’s office to increase productivity through self-managing financial procedures. It provides a complete solution for contemporary finance teams, and its AI-powered cloud-native platform offers a unified solution for finance teams, optimizing workflows and raising productivity.
Market research indicates that the global finops market is worth over $40 billion.
Bluecopa states that financial leaders in the travel, gaming, financial services, eCommerce, and logistics sectors will find value in its solution. Throughout the past 12 months, the business has added a number of notable clients.
