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Numeric

Category: AI in Fintech

Numeric is an AI-powered accounting automation platform that helps accounting teams automate manual processes, streamline financial data management, and generate real-time insights. Numeric was founded in 2020. The company is led by Parker Gilbert. Based in San Francisco, USA. Team size: 50-100. Total funding raised: $89M. Latest round: Series B ($51M in November 2025). Key investors include ["IVP","Menlo Ventures","Founders Fund","Alkeon","8VC","Socii Capital","Access Industries","Friends & Family Capital","Long Journey Ventures","Fifth Down"].

Founded
2020
Headquarters
San Francisco, USA
Team size
50-100
Total funding
$89M

Value proposition

Automates repetitive accounting tasks (e.g., reconciliations, journal entries) using AI, reduces close timelines, and provides real-time financial insights to improve decision-making.

Products and solutions

["AI accounting automation platform","Technical Accounting AI co-pilot","Cash management tools","Balance sheet reconciliation automation","Revenue recognition and forecasting modules","Close management platform","Analytics suite","Cash matching automation","Journal entry automation","Bank integrations"]

Unique value

Proprietary AI models trained on accounting workflows, real-time data processing, and integration with accounting software (e.g., QuickBooks, Xero, NetSuite).

Target customer

Accounting and finance teams at startups, scaling companies, and enterprises seeking to automate manual accounting workflows.

Industries served

["Fintech","Accounting/Financial Services","SaaS & Technology","E-commerce","Healthtech"]

Technology advantage

Vertical AI specialized in accounting processes, combining natural language processing (NLP) for document parsing and machine learning for anomaly detection.

How they differentiate

Numeric differentiates itself by leveraging AI for automated financial workflows and real-time analytics, whereas competitors like FloQast and BlackLine focus more on traditional financial close management and manual reconciliation tools.

Main competitors

["FloQast","BlackLine","Vena Solutions"]

Key partnerships

["IVP (Series B lead investor)","Menlo Ventures (Series A lead)","Founders Fund","Alkeon","8VC","Socii Capital","Access Industries","Friends & Family Capital","Long Journey Ventures","Fifth Down","NetSuite (integration partner)","QuickBooks/Xero (platform integrations)"]

Notable customers

["Brex","OpenAI","Plaid","Betterment","DailyPay","Public.com","GOAT","Stash","Mercury","Wealthfront"]

Major milestones

["Raised $10M Seed Round (May 2024)","Secured $28M Series A in October 2024","Raised $51M Series B in November 2025","Launched cash management product as part of platform expansion (November 2025)","Expanded from close management to comprehensive finance platform","Serves hundreds of public and private accounting teams"]

Growth metrics

Not publicly disclosed (private company)

Market positioning

Numeric positions itself as an AI-driven financial automation platform targeting medium to large enterprises seeking to streamline accounting processes. It competes in the financial close management and AI accounting automation space.

Geographic focus

Primarily focused on the U.S. market, with headquarters in San Francisco, CA, and offices in New York and London. Expansion into global markets is ongoing.

Patents and IP

No public patents listed; innovations appear to be protected via trade secrets and proprietary algorithms.

About Parker Gilbert

Previously led finance teams at VC-backed startups including Hearth, where he built and managed Finance, Accounting, People Ops, and Recruiting functions. Experienced firsthand the inefficiencies in traditional accounting processes which inspired him to co-found Numeric.

Official website: