- Specialization
- Not classified
- Business
- Software Applications
- Market
- Cross Industry
- Ecosystem
- Applications
- Customers
- Enterprises
More details
- Organization type
- Commercial Company
- Ecosystem
- Applications
- Business
- Software Applications
- Specialization
- Not classified
- Market
- Cross Industry
- Customers
- Enterprises
- Delivery models
- Hosted Software
- Revenue models
- Subscription
- Listing status
- Not classified
- Latest equity round
- Series B
- Reported funding amount
- $50M-$200M
About
Numeric builds an AI-powered close-automation and financial-data platform for complex accounting teams at private and public companies. Its differentiation is combining close management, reconciliations, reporting, cash workflows, transaction monitoring, and AI-generated flux explanations and accounting research in one platform.
Market
Numeric competes in the AI-powered financial close and accounting-operations software market, covering close management, reconciliation, analytics, reporting, and cash management. It positions itself as a unified platform for complex accounting teams, combining real-time transaction-level ERP and bank data with automated reconciliations, flux explanations, cash matching, journal entries, and transaction monitoring. Relative to established close platforms such as FloQast, BlackLine, and Trintech, Numeric differentiates through a newer AI-first product experience, broader integration of close, analytics, and cash workflows, and MCP-enabled custom agents.
Numeric is designed for complex accounting teams at scaling technology, fintech, and other multi-entity or data-intensive companies. Its primary buyers and users are controllers, heads of accounting, and finance leaders seeking to reduce manual close, reconciliation, reporting, and cash-management work.
At a Glance
Problem
Numeric addresses the labor-intensive, fragmented month-end close faced by complex finance and accounting teams. Close work often requires manual reconciliations, spreadsheet investigation, variance analysis, and audit preparation, delaying reliable reporting and consuming scarce accounting capacity. The main use case is compressing the close without adding headcount: Numeric cites Brex reducing its close from six days to four, audit preparation falling from weeks to hours, and variance explanations that once took days requiring only a fraction of the time.
Product / Service
Numeric is an AI-native accounting platform for close management, reporting, cash management, and record-to-report workflows. It connects to ERP transaction data, parses uploaded documents and CSVs, integrates bank feeds, flags anomalies, matches transactions with AI-generated rules, automates reconciliations, drafts flux explanations, and identifies variance drivers. Its close checklist, reporting tools, and MCP connector also support custom agents and multi-step workflows.
The benefit is faster, more continuous accounting work with less manual effort: accounting teams can see transaction-level context in one place, catch issues earlier, automate recurring close tasks, and produce CFO-ready reporting while keeping headcount relatively constant.
Market
Numeric competes in the accounting automation and record-to-report software market, particularly close management, account reconciliation, variance-analysis, reporting, and bank-reconciliation software. Its positioning is AI-native and broader than a checklist or reconciliation tool, while its site explicitly presents FloQast as a comparison competitor.
The company is not pre-revenue based on the available evidence: Latka reported Numeric revenue of $7.8 million on September 18, 2025. Numeric also reports adoption by accounting teams at companies including Brex, GOAT, Public.com, Riskified, Plaid, Wealthfront, Betterment, STASH, and DailyPay, with customer-reported outcomes such as a 33% reduction in close time and threefold higher team output.
Founders & Leadership
Funding History
Undisclosed
Founders Fund, Long Journey, Menlo Ventures, 8VC, Friends & Family Capital, Fifth Down
Menlo Ventures
IVP
Recent News
Numeric announced the launch of its Financial Data Platform (FDP), an ERP replacement for enterprise companies with complex accounting. The platform stores business events with their source documents and metadata, aiming to provide a richer foundation for automation, reporting, and AI agents.
Numeric profiled Alexandria Ramirez, winner of its inaugural Finance Engineer Cup, a competition in which accountants and finance professionals built AI-enabled workflows. Ramirez won $5,000 for Four-Eye Check, a governance tool using AI agents to reconcile feeds and surface disagreements for human review.
Fintech Global covered Numeric's $51 million financing and the launch of its Cash Management product. The product expands Numeric's offering into automated cash reconciliation and broader enterprise finance operations.
Numeric and CrossCountry Consulting announced a strategic partnership combining CrossCountry's finance transformation and NetSuite expertise with Numeric's AI-powered close automation. CrossCountry will support NetSuite diagnostics, close-process optimization, and leadership-ready reporting for private-equity-backed and high-growth companies.
Active Roles
24Business Model
Numeric sells its software as a subscription SaaS product with per-user pricing. Its Essentials plan starts at $30 per user per month, while other plans require custom quotes, indicating higher-tier and enterprise contract revenue.
Products
Customers
Tech Stack
Similar Companies
Competitors
Key Investors
IVP, Menlo Ventures, Founders Fund, Fifth Down, 8VC, Socii Capital, Access Industries, Friends & Family Capital, Long Journey Ventures