Numeric

About Numeric

Financials

Dated, source-cited figures. Estimates are marked.

Products by Numeric

All products by Numeric reviewed by our AI panel of experts.

NumericAI Accounting

AI-native accounting platform for the record-to-close process

From $30/mo7.3/10

How Our Review Panel Scores Numeric

Six independent reviewer personalities assessed Numeric's product on their own terms. They disagreed by 1.4 points — The Finance Lead was the hardest to convince, The Domain Strategist the most positive.

Averaged across 1 reviewed product in our catalog. Scores are out of 10.

Competitive Landscape

Who Numeric competes with, and how they differ.

BlackLine7.7/10

The publicly traded incumbent in financial close and account reconciliation, licensed per module to large enterprises running SAP and Oracle. Numeric's own reconciliation roundup notes BlackLine deployments typically require a dedicated in-house administrator or consulting partner, while Numeric sells a lighter, AI-native implementation to high-growth and newly public finance teams.

1 product reviewed on TopReviewed

FloQast7.4/10

Close management built by ex-auditors around Excel workpapers and checklists; it was valued at $1.6B at its April 2024 Series E, several times Numeric's scale. Numeric competes on transaction-level drill-down and AI-drafted flux analysis rather than spreadsheet orchestration, and runs a dedicated numeric-vs-floqast comparison page.

1 product reviewed on TopReviewed

T

Trintech

Private-equity-backed close vendor selling Cadency to large enterprises and Adra to the mid-market, covering transaction matching, reconciliation, journal entry and close task management. It overlaps Numeric directly on reconciliation and cash matching but is sold as ERP-agnostic legacy software packaged by vertical (banking, insurance, retail) rather than as a single AI-native data platform.

Company Timeline

Key milestones in Numeric's history, with sources.

1. Apr 20, 2026Launch

   Numeric MCP server released

   Numeric shipped an MCP server that exposes workspace context — reports, flux commentary and close tasks — to external AI models such as Claude, ChatGPT and Gemini, letting customer agents read and act on close data.

   numeric.io
2. Nov 19, 2025Launch

   Cash Management launched as third core product

   Alongside the Series B, Numeric launched Cash Management — after close management and analytics — claiming a 90%-plus automatic bank-to-ledger match rate against the sub-30% rates typical of legacy tools. Brex, Public.com and Clipboard Health were named early customers.

   cpapracticeadvisor.com
3. Nov 19, 2025Funding

   Series B — $51M led by IVP

   IVP led a $51 million Series B with participation from Menlo Ventures, Founders Fund, Alkeon, 8VC, Socii Capital, Access Industries, Friends & Family Capital, Long Journey Ventures and Fifth Down, plus angels Marc Huffman (former BlackLine CEO) and Ron Gill (former NetSuite CFO). The round brought total funding raised to $89 million.

   numeric.io
4. Jul 10, 2025Milestone

   London HQ opens as first international office

   Numeric opened its first office outside the United States in London to serve EMEA accounting teams, adding a third location alongside San Francisco and New York.

   numeric.io
5. Jan 22, 2025Milestone

   Chris Canoles, 20-year EY audit partner, joins as Head of Strategy

   Numeric hired Chris Canoles, previously an EY audit partner for two decades advising SaaS companies including Okta and Dropbox through their IPOs, to lead strategy and customer IPO-readiness work.

   numeric.io
6. Oct 9, 2024Funding

   Series A — $28M led by Menlo Ventures

   Numeric raised a $28 million Series A led by Croom Beatty of Menlo Ventures, with new investors IVP and Socii Capital joining Founders Fund, 8VC, Long Journey, Access Industries and Friends & Family Capital — five months after the seed round. TechCrunch reported revenue had grown fourfold over the prior year to the single-digit millions.

   numeric.io
7. May 8, 2024Partnership

   Strategic alliance with advisory firm Riveron

   Riveron and Numeric announced a partnership under which Riveron advises office-of-the-CFO clients on record-to-report strategy and implements Numeric as the underlying software.

   riveron.com
8. May 6, 2024Funding

   Seed — $10M from Founders Fund, Menlo Ventures, Long Journey and 8VC

   Numeric announced a $10 million seed round from Founders Fund, Long Journey, Menlo Ventures, 8VC, Friends & Family Capital and Fifth Down, to accelerate its product roadmap and engineering hiring around AI for accounting.

   numeric.io
9. Jul 9, 2023Partnership

   Sage Intacct certified API integration

   Numeric shipped a Sage Intacct-certified API integration connecting its close management platform to the ERP in under fifteen minutes, made available to users at no additional cost.

   numeric.io
10. Jun 7, 2023Launch

    Numeric AI and Numeric Essentials launched

    Numeric released its first LLM-powered feature set: auto-drafted flux explanations built from underlying general ledger transactions, a chat interface over ERP data, and AI-generated technical accounting guidance.

    numeric.io
11. 2020Founded

    Founded in San Francisco by Parker Gilbert, Anthony Alvernaz and Andrew Bihl

    Numeric — legally Velocity Labs Inc., a Delaware corporation doing business as Numeric — was founded in 2020 by CEO Parker Gilbert, CPO Anthony Alvernaz and CTO Andrew Bihl to automate the month-end accounting close.

    cpapracticeadvisor.com