Trullion, a NYC- and Tel Aviv, Israel-based financial automation platform, raised $15m in Series A funding.
The round was co-led by Aleph and Third Point Ventures, with participation from existing investors Greycroft and Verissimo Ventures, and seasoned financial executives including Bob Mylod, Artie Minson, Jody Padar, and Guzel Lumpkin.
The company will use the funding to hire across a variety of engineering, sales and marketing roles, as well as accelerate product development.
Led by Isaac Heller, co-founder and CEO, Trullion is a financial automation platform that takes unstructured data such as PDFs and translates them into real-time financial images, including Lease Accounting and Revenue Recognition. The company creates real-time visibility into company financials by digitizing a manual and costly process.
Trullion works with major Big Four and regional accounting firms, and organizations from pre-IPO to multinational Fortune 500s. It supports both U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS), with customers across five continents.