Numerify Closes $27.5M Funding Round

NumerifyNumerify, a San Jose, CA-based provider of AI-powered IT business analytics solutions, raised $27.5m in funding.

The round was led by DAG Ventures, with participation from existing investors Lightspeed Venture Partners, Sequoia Capital, and Tenaya Capital. As part of the financing, DAG Managing Partner Nick Pianim joined Numerify’s board of directors.

The company intends to use the funds to grow its enterprise customer presence and accelerate the introduction of new analytic solutions that embed artificial intelligence and machine learning capabilities.

Led by Gaurav Rewari, co-founder and CEO, Numerify provides an AI-powered analytics platform for the business of IT, spanning people, process, and project data.
Global 2000 organizations, including companies ranked in the top 5 across 11 major industries, use its IT business analytics applications to improve application health, reduce service costs and optimize resource usage.

FinSMEs

16/10/2018

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