Numeric reposted this
Today, we’re announcing Numeric’s $51M Series B led by IVP. When Andrew Bihl, Anthony Alvernaz, and I started Numeric, we were focused on one thing: accounting’s underlying data problem. Close management was the most natural starting point. The close is the clearest manifestation of where today’s accounting tools fall short, accountants manually stitching together a dataset that should already exist. Clear pain and need for a strong product. Since then, we’ve brought hundreds of public and private companies—including OpenAI, Brex, and Wealthfront—onto our close product, and we’ve expanded our second product area in analytics and reporting. Today marks the start of the next chapter - we’re launching our cash management product, built again with an obsession over accounting’s core data layer. And in many ways, our cash product hints at what’s coming next at Numeric — - A slate of products designed to solve the most grueling aspects of accounting - A focus on the underlying financial data model - AI used thoughtfully to reduce friction and automate real work Fueled by this Series B, we’re building toward a broader vision: a multi-product platform that finally solves accounting’s core data problem. A world where accountants become architects of the financial dataset rather than spend their days manually typing numbers in spreadsheets. And a world where, as Ajay Vashee, the former Dropbox CFO and lead investor of this Series B, states, we’re taking “finance professionals from being passengers observing the business, to being drivers of real business outcomes.” I’ve never been as excited about what we’re building or the team building it. Join us.