2024-10-11 09:44:17.AIbase.12.3k
Numeric Raises $28 Million in Series A Funding to Automate Accounting with AI
A revolution driven by artificial intelligence is quietly unfolding in the field of corporate financial management. Financial software company Numeric has recently completed a Series A funding round, raising $28 million. This not only reflects investor confidence in the application of AI in finance but also heralds a significant transformation in traditional accounting practices. For a long time, month-end and quarter-end closing has been a nightmare for accountants. This process often involves manual operations, is prone to errors, and is time-consuming. It was out of dissatisfaction with this tedious work that Parker Gilbert founded the company in 2020.
