# Numeric

> Numeric is a San Francisco-based, AI-native accounting platform that automates the month-end close for controllers, CFOs and senior accountants. Founded in 2020 by Parker Gilbert, Anthony Alvernaz and Andrew Bihl, it unifies close management, analytics and cash reconciliation into one system, using AI to draft flux (variance) explanations, reconcile accounts and flag anomalies in transaction data. Companies including Brex, Plaid, Wealthfront, OpenAI and Betterment use Numeric to close their books faster and with fewer manual steps. The company has raised roughly $89 million to date, capped by a $51 million Series B in November 2025.

- **Founded:** 2020
- **Headquarters:** San Francisco, California, United States
- **Founders:** Parker Gilbert (Co-Founder & CEO), Anthony Alvernaz (Co-Founder & Chief Product Officer), Andrew Bihl (Co-Founder & Chief Technology Officer)
- **Team size:** ~82 employees
- **Products:** Close Management, Analytics Suite, Cash Management
- **Notable:** Raised roughly $89M across seed, Series A and Series B in about 18 months., ARR grew 4x year over year around the Series A milestone., Won customers including Brex, Plaid, Wealthfront, OpenAI and Betterment.

## Products & services

- **Close Management** — Orchestrates the month-end close with accounting-specific checklists, task dependencies, business-day due dates, journal entry linking, account reconciliation and audit trails.
- **Analytics Suite** — AI-assisted flux (variance) analysis, CFO-ready reporting, custom report building, anomaly detection and transaction-level monitoring across ERP data.
- **Cash Management** — Automates 90%+ of bank reconciliations through cash matching and journal entry automation, connecting to thousands of banks worldwide.

## Achievements

- Raised roughly $89M across seed, Series A and Series B in about 18 months.
- ARR grew 4x year over year around the Series A milestone.
- Won customers including Brex, Plaid, Wealthfront, OpenAI and Betterment.
- Backed by former BlackLine CEO Marc Huffman and former NetSuite CFO Ron Gill.
- Helped Brex cut its close timeline by 33% and DailyPay auto-draft 80% of flux explanations.

## Latest updates

- **2025-11** — Raised a $51M Series B led by IVP, expanding from close management to a comprehensive finance platform; total funding reaches roughly $89M.
- **2025** — Launched Cash Management, automating 90%+ of bank reconciliations.
- **2024-10** — Raised a $28M Series A led by Menlo Ventures with IVP and Socii, just five months after seed.
- **2024-05** — Raised a $10M seed round to transform accounting with AI.

## Links

- Website: https://www.numeric.io
- LinkedIn: https://www.linkedin.com/company/numeric-io

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Profile page: https://yespress.io/numeric
Published by YesPress — https://yespress.io
Last updated: 2026-07-11