Hyderabad-based FinOps automation startup Bluecopa raises $1.8 million

Hyderabad-based AI-powered finance operations (FinOps) automation startup 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 startup plans to use the raised capital to expand its market reach, enhance AI capabilities, and advance product development.

“FinOps automation is a massive opportunity globally. We are excited to partner with some of the leading VCs to drive Bluecopa’s growth. This funding will fuel our mission to deliver exceptional value to our customers,” said Satya Prakash Buddhavarapu, co-founder and chief executive officer (CEO) of Bluecopa.

Focus on AI and FinOps Automation

Founded in 2021, Bluecopa has built an online platform that leverages AI and data analytics to enable financial teams, particularly the office of the CFO, to automate and streamline their financial processes.

The startup offers a comprehensive solution for modern finance teams. Its AI-powered cloud-native platform provides a unified solution for finance teams, streamlining operations and improving efficiency.

The platform is designed for industries such as e-commerce, financial services, travel, logistics, and gaming, which require robust financial operations solutions.

Industry expertise and strategic support

Bluecopa’s leadership team, which includes co-founders Nilotpal Chanda, Raghavendra Reddy, and Satya Prakash Buddhavarapu, brings deep industry experience to the table.

Notably, Buddhavarapu’s previous venture, Tuplejump, a machine learning firm, was acquired by Apple in 2016. The team’s expertise is seen as a strong asset in delivering innovative solutions to finance teams worldwide.

Investors comment

“We are excited to support Bluecopa’s commitment to solving end-to-end finance operations challenges for enterprises. The team’s deep industry expertise combined with their best-in-class product is already delivering measurable outcomes for their customers,” Sanjay Nath, co-founder, Blume Ventures.

Gokul Dixit, Venture Partner, Dallas Venture Capital (DVC), said, “We look forward to supporting Bluecopa with our firm’s DVC Advantage program by leveraging our cross-border Partner and Advisor network during its next phase of growth. With its focus on innovation and customer success, we are confident that Bluecopa will enable finance teams across industries and leverage their data more effectively to create long-term value for all stakeholders.”