Datarails, a finance software provider based in New York, has successfully secured $70 million in Series C funding to enhance its product offerings and expand geographically. This investment, led by One Peak, brings the company’s total funding to $175 million and comes on the heels of a remarkable 70% year-over-year revenue growth. Datarails aims to revolutionize the CFO’s Office by integrating AI deeply into its suite of financial tools, which now includes AI agents for strategy, planning, and reporting. These new features aim to streamline processes, allowing finance teams to generate professional reports and conduct predictive analyses effortlessly. With the global market for office of the CFO software expected to grow from $71 billion in 2023 to $131 billion by 2028, Datarails is strategically positioned to capture market share while maintaining Excel’s familiarity as a core tool for finance professionals. Upcoming products include “AI in Excel” and “Spend Control,” enhancing workflow efficiency and decision-making.
Source link
Share
Read more