$10M in seed investment was secured by Numeric, an AI-powered accounting automation firm with offices in San Francisco, CA, and New York City.
Investors
- Founders Fund
- Menlo Ventures
- 8VC
- Long Journey
- Friends & Family Capital
Use of funds
The money will be used by the business to increase hiring in research and development in order to keep developing new products.
About Numeric
Andrew Bihl, Parker Gilbert, and Anthony Alvernaz founded Numeric in 2020, and it offers an AI platform for accounting automation. It is used by both public and private businesses, such as Brex, Plaid, and Wealthfront, to automate repetitive month-end closure procedures, conduct technical accounting research, and proactively identify data anomalies and variance causes.
“With this funding, we’re building towards a future where accountants can automate the majority of their repetitive work and instead focus on enabling their business to make the best decisions. The main responsibilities of accounting teams will increasingly be to edit, translate, and design the financial operations system.”
Parker Gilbert
