Numeric, a San Francisco, CA–based AI accounting automation platform, has secured $51 million in Series B funding, bringing its total funding to $89 million.
Alongside the funding announcement, Numeric is launching its cash management product.
Investors
The round was led by IVP, with participation from Menlo Ventures, Founders Fund, Alkeon, 8VC, Socii Capital, Access Industries, Friends & Family Capital, Long Journey Ventures, Fifth Down, and angel investors including Marc Huffman and Ron Gill.
IVP is a long-established U.S.–based venture capital and growth equity firm founded in 1980 and headquartered in Menlo Park, California. The firm specializes in later-stage investments (typically Series B, C, and beyond) in high-growth technology companies across sectors, including SaaS, AI, fintech, and consumer internet.
Numeric Use of Funds
The company will use the funding to support its expansion from close management into a multi-product enterprise finance platform, accelerate product development, and scale operations.
About Numeric
Founded in 2020 by co-founders Anthony Alvernaz, Parker Gilbert, and Andrew Bihl, Numeric is an AI accounting automation platform transforming finance operations by combining AI, deterministic code, and human oversight. Its platform includes Close Management, Analytics, and Cash Management products, enabling finance teams to reconcile transactions more efficiently. Headquartered in San Francisco, with offices in New York and London, Numeric’s early adopters include Brex, Public.com, and Clipboard Health. The company plans to launch additional products throughout 2026 and 2027, each designed to automate a critical accounting workflow.
Funding Details
Company: Numeric
Raised: $51.0M
Round: Series B
Funding Date: November 2025
Lead Investor: IVP
Additional Investors: Menlo Ventures, Founders Fund, Alkeon, 8VC, Socii Capital, Access Industries, Friends & Family Capital, Long Journey Ventures, Fifth Down, Marc Huffman, Ron Gill
Company Website: https://www.numeric.io/
Software Category: AI Accounting / Enterprise Finance Automation
Source: https://www.prnewswire.com/news-releases/numeric-raises-51m-series-b-expanding-from-close-management-to-comprehensive-finance-platform-302619774.html