Numeric — the AI-powered accounting automation company with teams in San Francisco, New York, and London — has secured $51 million in Series B funding, bringing total capital raised to $89 million.
The round accelerates the startup’s shift from close-management software toward a full finance operations platform built around a unified data layer for enterprise accounting teams.
Automating the Most Manual Parts of Finance
Founded in 2020, the startup helps large finance teams eliminate repetitive tasks by automating data-heavy workflows with AI-driven tools. Its newest product, a cash-management module, tackles the most painful part of the month-end close: cash matching. Early adopters including Brex, Public.com, and Clipboard Health report 90%+ auto-match rates, reclaiming days of manual work each month.
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Building Toward Real-Time, Strategic Accounting
“We started by solving the close, but our ambition has always been broader,” said CEO Parker Gilbert. “Each product reinforces the others. We’re moving toward a world where accounting is real-time and strategic, not hours of spreadsheet work — and this investment helps us reach that future much faster.”
Investors Back Numeric’s Expanding Vision
IVP general partner Ajay Vashee noted that the company’s rapid expansion across close management, analytics, and cash automation reflects strong product execution and deep understanding of enterprise finance workflows. “They’re building something distinctly different in the market,” Vashee said.
About Numeric
Numeric is an AI accounting automation platform founded in 2020 by Anthony Alvernaz, Parker Gilbert, and Andrew Bihl. The company streamlines close management, analytics, and cash operations for enterprise finance teams, reducing manual workloads through intelligent, scalable automation. Its products are used by high-growth companies including Brex, Public.com, and Clipboard Health.
