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