Numeric
Numeric is an AI-powered financial data platform that automates the month-end close process, streamlining reconciliations and providing real-time insights. The platform integrates deeply with existing accounting systems, allowing teams to focus on strategic decision-making rather than manual tasks. With features like smart subledgers and automated flux analysis, Numeric differentiates itself by significantly reducing the time and effort required for financial reporting. Trusted by hundreds of accounting teams, Numeric is positioned as a leader in the close management space, backed by top-tier investors and a strong commitment to continuous improvement and innovation.
Numeric
Numeric is an AI-powered financial data platform that automates the month-end close process, streamlining reconciliations and providing real-time insights. The platform integrates deeply with existing accounting systems, allowing teams to focus on strategic decision-making rather than manual tasks. With features like smart subledgers and automated flux analysis, Numeric differentiates itself by significantly reducing the time and effort required for financial reporting. Trusted by hundreds of accounting teams, Numeric is positioned as a leader in the close management space, backed by top-tier investors and a strong commitment to continuous improvement and innovation.
TL;DR
What they do: AI-powered platform that automates month-end close, reconciliations, cash matching, JE automation, and flux/variance analysis for finance teams
Stage & funding: Raised a $28M Series A (Oct 2024) following a $10M seed in 2024; total disclosed funding ~$89M
Customers: Used by public and private finance teams including Brex, Plaid, OpenAI, Betterment
Founded: Co-founded by Parker Gilbert, Andrew Bihl, and Anthony Alvernaz (around 2020/2021)
Related Companies
| Company |
|---|
 |
 |
 |
 |
 |
Company Overview
Problem Domain
Accounting close automation and financial reporting for enterprise finance teams
Founded
2021
Industry
Software Development
Funding Track Record
10000000
Seed round reported in 2024 prior to Series A
28000000
Series A led by Menlo Ventures with participation from IVP, Socii Capital and others
Investor Signal
“Backed by top-tier venture firms including Menlo Ventures, Founders Fund, IVP, 8VC, Socii Capital, Long Journey Ventures and others”