NUMA RAISES $32M SERIES B #168 ON INC 5000 - 2,248% GROWTH ANDY RUFF - COFOUNDER & CPO, NUMA GOOGLE GRADIENT VENTURES BACKS NUMA 150M+ CALLS & TEXTS HANDLED LOCATION LABS SOLD FOR $220M NUMA RAISES $32M SERIES B #168 ON INC 5000 - 2,248% GROWTH ANDY RUFF - COFOUNDER & CPO, NUMA GOOGLE GRADIENT VENTURES BACKS NUMA 150M+ CALLS & TEXTS HANDLED LOCATION LABS SOLD FOR $220M
YesPress Profile — Founder · Builder · Berkeley, CA

Andy Ruff

Cofounder & Chief Product & Tech — Numa

He built a dial-in bulletin board server at 13. At Microsoft he shipped the first Outlook for Mac. At Location Labs he grew 3 million paying subscribers before a $220M exit. Now, from Oakland, he is building AI that keeps car dealerships from losing customers to voicemail.

AI / Voice AI Automotive SaaS Serial Founder Product Series B Inc 5000
Andy Ruff, Cofounder of Numa
Andy Ruff — Numa, Oakland CA
2,248%
3-Year Revenue Growth (Inc 5000)
$220M
Location Labs Exit (AVG Acquisition)
$32M
Numa Series B Raised (2024)
3M+
Monthly Paying Subs at Location Labs

Product builder since the BBS era

Before there were app stores, streaming platforms, or social feeds, 13-year-old Andy Ruff built a dial-in bulletin board system server from scratch. That detail matters. While most kids were consuming, Ruff was operating infrastructure - running a network, managing users, solving the communication problem of his local corner of the world.

Decades later, the problem he is working on is structurally identical. Dealerships lose 45% of inbound calls because they have fragmented systems and overwhelmed staff. Customers hang up. Voicemails accumulate unheard. Revenue walks out the digital door. Ruff builds the infrastructure that catches what falls through.

He studied at Iowa State University, earning dual bachelor's degrees in Economics and Information Systems - a combination that has defined his career approach ever since: product decisions grounded in both technical reality and business logic, never one without the other.

After Iowa State, he went to Microsoft, where he was handed one of the software industry's trickier cross-platform assignments: build the first Outlook for Mac. He led a 100-person team to ship it. He doubled the product's annual revenue.

Career Milestones at a Glance
Age 13 - First BBS ServerFounder
Microsoft - Outlook for Mac+Revenue 100%
Location Labs CPO3M+ Subs
Location Labs Exit$220M
Numa - Series B$32M / Inc #168

"Andy is a lifelong product builder since age 13, when he built a dial-in bulletin board system server."

- Numa — Official Company About Page

Location Labs: The first exit

At Location Labs, Ruff joined the company that would define the playbook he now runs for the second time. The company, co-founded by Tasso Roumeliotis, built mobile family safety and security software at the dawn of the smartphone era. Ruff took the CPO seat and drove product as the business scaled to one of the largest mobile consumer subscription services in the world.

Over 3 million monthly paying subscribers. Profitable for seven consecutive years. An INC 500 company. Roumeliotis, Ruff, Grossman, and Ginn had built something with real revenue, real margins, and a real product that families trusted to keep children safe online.

In 2016, AVG Technologies (later Avast) acquired Location Labs for $220 million. Only $19 million in primary capital had been raised. That ratio - the amount returned versus the amount invested - is not a detail anyone in venture capital forgets.

Location Labs: $220M exit on $19M invested. Seven consecutive profitable years. The same founding team founded Numa in 2017.

3M+ monthly paying subscribers at peak under Ruff's product leadership
7 consecutive profitable years - rare for a venture-backed tech company
INC 500 company recognized as one of America's fastest-growing private businesses
$220M acquisition by AVG Technologies in 2016 - a benchmark exit in mobile consumer SaaS

Numa: AI for the $1.2 trillion automotive market

A year after the Location Labs exit, the founding team was back at it. Numa was incorporated in 2017 as NumberAI, Inc. The problem they picked is structural, enormous, and underserved: the automotive dealership communication crisis.

Consider what a car dealership's service department actually looks like. 45% of inbound calls go unanswered. 50% of customer voicemails are never returned. Response times average 23 hours. And yet Americans spend over $1.2 trillion annually on vehicle sales and service. The gap between what customers expect and what they receive is not a people problem. It is an infrastructure problem - and infrastructure problems have infrastructure solutions.

Numa's AI platform handles missed calls, books service appointments, follows up on hang-ups, escalates complaints in real-time, and integrates directly with the dealership management systems (DMS) that run the service department. The platform's Smart Inbox unifies calls, texts, voicemails, and reviews into a single pane of glass.

Ruff owns the product and technology stack. He is building the AI agents that interface directly with customers, the integrations that connect to Reynolds & Reynolds, CDK, Tekion, and XTime, and the analytics layer that shows dealers what is actually happening across 1,200+ rooftops. That last number is significant: in 2017 Numa had zero customers. Today it has 1,200+, including the world's largest retail auto dealership.

The 2024 Inc. 5000 ranking put Numa at #168 overall and #4 in the AI category, with a 2,248% three-year revenue growth rate. These are not rounding-error numbers. They reflect a company that found genuine product-market fit in an industry the tech world largely ignored.

#4 in AI on Inc. 5000

Numa ranked #168 overall and 4th in the entire AI category on the 2024 Inc. 5000 - the definitive list of fastest-growing private U.S. companies. Growth rate: 2,248% over three years.

23 hours to 13 minutes

Numa reduced average dealership customer response time from 23 hours to 13 minutes - a 100x improvement in the single metric most correlated with customer satisfaction and lost revenue.

150M+ calls & texts handled

4 million appointments booked. 12 million repair orders managed. 1,200+ rooftops live across the US and Canada.

Touring Capital
Mitsui & Co.
Gradient (Google)
Costanoa Ventures
Threshold Ventures

What 150 million calls taught Andy Ruff about dealerships

📞

Missed Call Rescue

When a customer hangs up before getting through, Numa's AI immediately sends a follow-up text and, if needed, places an automated callback. Revenue that would have been lost becomes a booked appointment.

📅

AI Appointment Booking

Voice AI and SMS automation handle service scheduling end-to-end, integrated with the dealership's DMS. One dealership reported online appointment booking jumping from 8% to 35% on day one.

🔥

HeatCase Detection

Real-time customer sentiment analysis flags escalating situations before they become CSI score losses. Service advisors see heat cases the moment they emerge, not after the survey comes back negative.

📊

Smart Inbox Visibility

Every customer interaction - calls, texts, voicemails, reviews - consolidated into a unified AI Inbox with full context. GMs see what is happening across every service lane in real time.

🔌

DMS Integration

Numa connects directly to Reynolds & Reynolds, CDK, Tekion, and XTime. No manual data entry. Repair orders are created and updated automatically as AI handles customer interactions.

📈

LiveCSI & Analytics

Real-time customer satisfaction visibility, not post-survey feedback three days later. Dealers can course-correct while the customer is still in the service lane - not after the damage is done.

The long arc of a builder

Early 1990s
Builds his first dial-in bulletin board system server at age 13 - the internet before the internet was for everyone.
1999 - 2003
Iowa State University - Dual BS in Economics and Information Systems.
2003 - 2010s
Microsoft - leads the 100-person team that ships the first-ever Outlook for Mac client. Doubles the product's annual revenue.
~2010 - 2016
Location Labs CPO - scales the family safety mobile subscription service to 3M+ monthly paying subscribers. Profitable every year.
2016
Location Labs acquired by AVG for $220M on $19M invested. One of the most capital-efficient outcomes in mobile consumer SaaS.
2017
Co-founds Numa (NumberAI, Inc.) with Roumeliotis, Grossman, and Ginn. $1.6M seed round. Target: the automotive dealership communication crisis.
2024 (Aug)
Numa ranks #168 on the Inc. 5000 with 2,248% three-year revenue growth, #4 in AI. Jumps 641 spots in a single year.
2024 (Sep)
Numa closes $32M Series B led by Touring Capital and Mitsui. Google's Gradient Ventures among participants. Total raised: $50M+.

The founding team's track record

Numa Platform Impact Metrics
Calls & texts handled150M+
Appointments booked4M+
Repair orders managed12M+
Active rooftops1,200+
Response time improvement100x
Numa on Inc. 5000 2024
#168 overall — #4 in AI
+641 positions year-over-year

The second act is always the interesting one

Silicon Valley celebrates the first exit. It rarely revisits what happens next - when someone who has already made it walks back into the arena, not because they have to, but because there is a problem still worth solving.

Andy Ruff's second act is deliberately less glamorous than his first. Car dealerships are not the sexiest market in tech. There are no consumer virality curves, no social mechanics, no teenage users to grow. There are service advisors, repair orders, and phone queues that stretch past closing time. The customer journey begins when a car breaks down and ends when someone calls the dealership back at a reasonable hour.

The choice reveals something about how Ruff thinks. He is not chasing narrative. He is finding problems where real money is lost, where the infrastructure gap is genuine, and where technology can close it. At Location Labs, that gap was mobile family safety at the beginning of the smartphone era. At Numa, it is the communication layer that connects a $1.2 trillion industry to its own customers.

The team factor matters, too. Roumeliotis, Grossman, and Ruff have now built two companies together. They know how each other makes decisions under pressure, who takes which meeting, who holds the product line and who holds the room. That institutional knowledge - the kind that cannot be hired or board-approved into existence - compounds in ways that show up in a 2,248% growth rate.

At Numa, Ruff's title is Chief Product & Tech. In practice, that means he is the person who decides what gets built and what does not. He is responsible for the voice AI agents that answer calls on behalf of dealerships, the sentiment models that detect a frustrated customer before the service advisor does, and the integrations that tie Numa to the legacy DMS platforms that dealerships built their operations around decades ago. None of this is easy. The DMS integration alone is a graveyard of failed startups. Ruff is operating in that space successfully, at scale, with 1,200 active dealerships.

The Inc. 5000 ranking in 2024 was not a vanity milestone. It represented three years of compounding revenue in an industry that does not adopt new technology quickly. Automotive dealers are notoriously skeptical of outside tech vendors. The fact that 1,200 of them are running Numa - and that the platform has handled 150 million customer interactions - means the product works in the room where it has to work: the service lane on a Tuesday morning when three advisors are out sick and 40 cars are waiting.

76% of Americans distrust car dealerships. That statistic is Numa's business case. Every percentage point of trust rebuilt - every call answered, appointment kept, repair order status communicated proactively - is revenue retained and a customer who comes back. Ruff is not just building software. He is building the relationship layer between dealerships and the customers they keep losing to the competition down the street.

Location Berkeley, CA
Education Iowa State University
Degree Dual BS: Econ & IS
First project BBS server, age 13
Microsoft role Outlook for Mac lead
Team size led 100 at Microsoft
Industry AI / Automotive SaaS

"76% of Americans distrust car dealerships. Every call answered is a relationship rebuilt."

- The Numa thesis, per Touring Capital investment note
Numa Investors

Backed by Touring Capital, Mitsui & Co. (major Penske shareholder), Google Gradient Ventures, Costanoa Ventures, and Threshold Ventures. Total funding: $50M+.

Three things that make this story unusual

🔄

The same founding team, twice

Ruff, Roumeliotis, Grossman, and Ginn built Location Labs together and returned to build Numa. Repeat founding teams with successful exits are genuinely rare. The shared institutional memory - who decides what, how disagreements get resolved, what gets cut - compounds over time in ways that new teams cannot replicate quickly.

🌟

The unglamorous market choice

Post-exit, most founders chase the next wave: crypto, AI infrastructure, consumer social. Ruff and the Numa team chose automotive dealerships - an industry with a reputation problem, a tech-adoption gap, and a massive, reliable revenue base. The counterintuitive bet is turning into a 2,248% growth rate.

💻

Product instinct from age 13

Building a BBS at 13 is not a cute anecdote. It means 30+ years of debugging, shipping, and operating communication infrastructure. The Outlook for Mac lead. The Location Labs CPO seat. Numa's AI voice stack. These are not different careers - they are the same career, each time at higher stakes and scale.

Links & Sources