Bluecopa, a finance operations (FinOps) automation platform, has raised $1.8 million in a pre-Series A funding round, with key investors Blume Ventures, Dallas Venture Capital, and Venture Catalysts leading the round. The funds will be directed toward expanding market reach, enhancing AI capabilities, and further developing its core product, according to the company’s press release.

Founded in 2021 by Nilotpal Chanda, Raghavendra Reddy, and Satya Prakash Buddhavarapu, Bluecopa leverages artificial intelligence and advanced data analytics to empower CFOs and finance teams with autonomous financial processes. Its cloud-native platform is designed to streamline financial operations, offering a unified solution that improves efficiency across various financial functions.

The global FinOps market is currently valued at over $40 billion, highlighting significant growth potential. Bluecopa’s technology has already attracted clients from key industries such as eCommerce, financial services, travel, logistics, and gaming. Over the last 12 months, the company has added several prominent customers to its portfolio, strengthening its position in the market.

With this fresh round of funding, Bluecopa aims to scale further and continue driving innovation in the FinOps automation space.