Numeric Raises $38M to Revolutionize AI-Driven Accounting Automation

We are thrilled to announce that Numeric, the innovative AI accounting automation platform, has successfully closed a funding round of $38,000,000. This milestone investment will propel Numeric's mission to relieve accountants from routine manual tasks by automating crucial processes such as organizing the close, reconciling accounts, and generating AI-driven flux explanations and technical accounting research. With a growing client base that includes hundreds of private and public companies, Numeric has already demonstrated its revolutionary impact on the field of accounting, enabling professionals to shift their focus from clerical work to higher-value strategic activities. The new capital injection will allow Numeric to accelerate the development of next-generation features that further streamline accounting workflows, enhance the accuracy of financial data, and leverage artificial intelligence to provide deeper analytical insights. Additionally, the funding will support market expansion efforts and strategic partnerships, ensuring that more organizations can benefit from a platform designed to simplify and modernize the financial close process. As the demand for more efficient, error-minimizing accounting solutions increases, Numeric is poised to redefine industry standards by delivering robust, intelligent tools that not only ease the pressure on accounting teams but also enable them to contribute more directly to business growth. With this significant investment, Numeric is set to transform the accounting landscape, empowering finance professionals around the world to focus on what’s truly impactful for their organizations.