Numeric, a San Francisco, CA-based AI-powered accounting automation company, has secured $10 million in seed funding.
Investors
Founders Fund, Menlo Ventures, 8VC, Long Journey, Friends & Family Capital, and more, participated in the round.
Numeric Use of Funds
The company will use the funding to fuel product development and hiring initiatives.
About Numeric
Founded in 2020 by co-founders Anthony Alvernaz, Parker Gilbert, and Andrew Bihl, Numeric provides an AI accounting automation platform. The platform is built to take manual work off accountants' plates so they can focus on what's impactful. The company offers a platform that automates and organizes month-end close, streamlines reconciliations, and provides AI variance analysis and reporting. Headquartered in San Francisco and New York, Numeric's platform is trusted by hundreds of private and public companies, including Brex, Plaid, and Wealthfront.
Funding Details
Company: Numeric
Raised: $10.0M
Round: Seed Round
Funding Month: May 2024
Investors: Founders Fund, Menlo Ventures, 8VC, Long Journey, Friends & Family Capital
Company Website: https://www.numeric.io/
Software Category: AI Accounting
Source: Numeric Press Release