Mosaic, a San Diego, CA-based company building a strategic finance platform, raised a $18.5M in Series A funding.
The round, which brings total funding to $21M, was led by General Catalyst with participation from Felicis Ventures, Village Global and XYZ Ventures.
The company intends to use the funds to accelerate its product development and grow its team across multiple departments.
Founded in April of 2019 by Bijan Moallemi, Joseph Garafalo and Brian Campbell, who met in 2012 while building the Finance function at Palantir as the company grew from 200 to more than 2,000 people around the world, Mosaic has developed a software platform that allows CFOs and business leaders to understand the financial health of their business, optimize growth and plan for the future.
The platform integrates with and updates financial data across the tools CFOs are already using. It incorporates artificial intelligence and machine learning to assist in forecasting versions of the future, enabling people to focus on the strategic elements of their job. The system also creates cross-functional collaboration, which allows businesses to use shared info that provide decision-makers with the ability to adapt and plan for the future with speed and precision.