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About Numeric
Industries
Enterprise Software
Fintech
Company Size
1-10
Company Stage
Series A
Total Funding
$40.4M
Headquarters
San Francisco, California
Founded
2020
Overview
Numeric.io provides financial close management solutions designed to streamline the month-end close process for large enterprises. The platform integrates features for closing, reconciling, and analyzing financial data, enhancing collaboration and control over financial processes. It automates complex tasks to ensure financial controls are maintained, helping companies remain audit-ready. Numeric.io operates on a Software-as-a-Service (SaaS) model, where clients pay a subscription fee for access to its services. This allows the company to cater to both mid-sized and large corporations with tailored solutions. The goal of Numeric.io is to transform how businesses manage their financial close processes, making them faster, more accurate, and more efficient.
Simplify's Take
What believers are saying
- Numeric's alliance with Riveron enhances its market reach and product offerings.
- The $28M Series A funding supports Numeric's mission to build a next-gen financial platform.
- Growing demand for AI-driven financial solutions aligns with Numeric's offerings.
What critics are saying
- Increased competition from established companies like Oracle and SAP threatens Numeric's market position.
- Economic downturns could reduce enterprise spending on new software solutions, impacting revenue.
- Dependence on a few large clients poses a risk if they switch to competitors.
What makes Numeric unique
- Numeric offers a unified platform for financial close management, enhancing efficiency and accuracy.
- The platform integrates AI to automate complex tasks, ensuring audit readiness and control.
- Numeric targets IPO-ready enterprises, providing tailored solutions for high-growth companies.
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Funding
Total Funding
$40.4M
Above
Industry Average
Funded Over
2 Rounds
Founders FundIndustry standards
Benefits
Remote Work Options
Flexible Work Hours
Company News
SAN FRANCISCO, Jan. 23, 2025 /PRNewswire/ -- Numeric , the leading close automation software for high-growth companies, is pleased to announce the addition of Chris Canoles as Head of Strategy. With over two decades of experience in high-growth SaaS environments as an audit partner, Canoles will focus on both helping Numeric's clients advance their IPO readiness and partner with Numeric's product and sales teams as the company scales.Prior to joining Numeric, Canoles spent 20 years at EY, where he was an audit partner specializing in supporting high-growth SaaS companies through critical milestones, including IPOs. His work included advising companies like Okta and Dropbox on their journeys to going public—many of the same types of businesses that Numeric supports."At EY, I was fortunate to work alongside passionate founders and their teams as they were solving big problems. From my first interactions with Numeric, I saw that same energy—combined with a transformational approach to accounting," said Canoles."Excellence in accounting requires strong people, processes, and systems. Numeric has built the system for leading accounting teams, and I'm excited to contribute by advising both Numeric and our customers on the second two: building the right people and processes."Numeric has rapidly become the preferred choice for high-growth companies seeking IPO readiness, with clients including OpenAI, Brex, and Plaid
/PRNewswire/ -- Numeric has raised a $28 million Series A round led by Menlo Ventures, with participation from new investors IVP and Socii Capital, and...
Numeric, an AI-powered accounting automation firm based in San Francisco and New York, has successfully secured $10m in a Seed funding round.
DALLAS--(BUSINESS WIRE)--Riveron, a leading business advisory firm, today announced a strategic partnership with Numeric, an AI-powered accounting software company. This collaboration aims to empower chief financial officers (CFOs) at growing companies with streamlined financial management solutions that leverage the power of artificial intelligence (AI), particularly for the record-to-report process.Riveron boasts a proven track record of supporting the office of the CFO at organizations facing rapid growth and strategic change. The advisory firm helps businesses navigate financial complexities and elevate the impact of accounting and finance operations. Through the new partnership, Riveron will help clients chart their strategies and implement Numeric's easy-to-use accounting software, which integrates seamlessly with existing systems and leverages AI to automate tasks, improve accuracy, and generate timely insights."We are enthused to partner with Numeric to offer our clients a best-in-class financial management solution that harnesses AI," said Riveron Managing Director Mark Cox. "As we highlight in this month’s webinar, 'AI in Accounting & Finance: Practical Tips for Today's Pros,' there's a growing need for CFOs to translate the potential of AI into tangible benefits. Numeric's software provides practical applications of AI, empowering accounting and finance professionals to improve their companies’ record-to-report processes, reduce time spent on highly manual efforts, and gain better financial clarity."Parker Gilbert, CEO and co-founder at Numeric, added, "We've admired Riveron's advisory work for some time and are excited to formalize a partnership
Numeric, an AI-powered accounting automation company based in San Francisco and NYC, has secured $10M in Seed funding. Investors include Founders Fund, Menlo Ventures, 8VC, and others. The 2020-founded company plans to use the funds to boost R&D and product development. Numeric's platform is used by firms like Brex and Plaid to enhance accounting processes. Co-founder Parker Gilbert emphasized the future focus on automating routine accounting tasks to empower strategic business decisions.
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About Numeric
Industries
Enterprise Software
Fintech
Company Size
1-10
Company Stage
Series A
Total Funding
$40.4M
Headquarters
San Francisco, California
Founded
2020
Numeric is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today