DataRails, a NYC-based financial planning and analysis (FP&A) platform for Excel users, raised $50M in Series B funding.
The round was led by Qumra Capital, with participation from new investors La Maison Partners and ClalTech, as well as existing investors Zeev Ventures, Vertex Ventures Israel, Innovation Endeavors, Joey Low, Vintage Investment Partners, Oryzn Capital and Icon Venture.
The company intends to use the funds to further invest in R&D as well as in sales and marketing, and to expand and support its customer base worldwide.
Led by Didi Gurfinkel, Co-Founder and CEO, DataRails is a financial planning and analysis platform that automates data consolidation, reporting and planning, while enabling finance teams to continue using their own Excel spreadsheets and financial models. DataRails allows teams to enjoy Excel with the benefit of a cloud-based centralized database allowing real-time consolidation of disparate financial and operational data from across a company.
Based on AI and Machine Learning capabilities, the solution provides real-time financial consolidation and advanced data visualization, through intuitive implementation.
FinSMEs
10/03/2022