Trullion, a New York and Tel Aviv, Israel-based which is developing a financial automation platform, announced that it closed $15 million in Series A funding.

The round was co-led by Aleph and Third Point Ventures, with participation from existing investors Greycroft, and seasoned financial executives including Bob Mylod, Artie Minson, Jody Padar, and Guzel Lumpkin.

Trullion will use the funds to hire across a variety of engineering, sales, and marketing roles, as well as accelerate product development.

Company: Trullion Ltd. 

Raised: $15.0M

Round: Series A

Funding Month: February 2022

Lead Investors: Aleph and Third Point Ventures

Additional Investors: Greycroft, Bob Mylod, Artie Minson, Jody Padar, and Guzel Lumpkin

Company Website: https://trullion.com/

Software Category: AI-powered accounting platform

About the Company:  Trullion is a financial automation platform that takes unstructured data such as PDFs and translates them into real-time financial images, including Lease Accounting and Revenue Recognition. Trullion creates business transparency by using software to power real-time visibility into company financials and form a single source of truth. Trullion’s AI-powered platform extracts data from source documents and automates workflows for accounting teams to collaborate in real-time with their auditors. Trullion works with major Big Four and regional accounting firms, and organizations from pre-IPO to multinational Fortune 500s. Trullion supports both U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS), with customers across five continents.

Source: https://www.calcalistech.com/ctech/articles/0,7340,L-3929661,00.html