Drivetrain AI, an India-based next-generation financial planning, monitoring, and decision-making platform, announced that it secured $15 million in funding from Elevation Capital, Jungle Ventures, and Venture Highway.
Over 25 renowned angel investors, advisors, founders, and CXOs of marquee technology companies have participated in this round.
Drivetrain will use the funds to accelerate product development and expand its go-to-market team.
Alok Goel, Co-founder & CEO of Drivetrain, observed the challenges leaders face in scaling their businesses while serving on the board of several digital-first companies. Commenting on the company's vision, he said, "Drivetrain is like Google Maps for business growth. It helps build plans, informs you whether you're on track, and simplifies course-correction. Many leaders manage their business plans and multimillion-dollar budgets on spreadsheets that are cumbersome and error-prone. Gauging your business health in real-time and applying course corrections is impossible on spreadsheets. Instead, with Drivetrain, you can make better, confident decisions in days, not months—a key strategic advantage."
Drivetrain enables organizations to scale and achieve their goals in a predictable manner. Drivetrain's platform assists finance teams in creating integrated plans, budgets, and projections, tracking progress against targets and identifying growth bottlenecks.
Company: Drivetrain AI, Inc.
Funding Month: October 2022
Lead Investors: Elevation Capital, Jungle Ventures, and Venture Highway
Company Website: https://www.drivetrain.ai/
Software Category: Financial Planning and Decision-Making platform
About the Company: Founded in 2021 by Alok Goel, Tarkeshwar Thakur, and Saurav Bhagat, Drivetrain is a financial planning and decision-making platform that helps businesses scale and predictably achieve their targets. It is an integrated platform for companies to easily connect data from a variety of systems, bring the data to usable form, help them build financial plans, do plan-versus-actual tracking, create what-if scenarios and perform root-cause analysis. This enables finance teams to become a strategic partner to the CEO in making confident data-backed decisions. Companies can manage their business better and unlock sustainable growth using Drivetrain. The platform seamlessly integrates with over 200 common business tools such as Salesforce, Netsuite, Quickbooks, Workday, and Looker. Drivetrain is used by industry leaders, including Mindtickle, Whatfix, and FarEye, to manage their financial planning and business monitoring. Its goal is to make Drivetrain the de facto decision-making platform for companies.