# Numeric

**Source:** https://www.startuphub.ai/startups/numeric
**Profile type:** Startup

> Numeric is an AI accounting automation platform, built to take manual work off accountants' plates so they can focus on what’s impactful.

## About

Numeric is an AI-powered accounting automation platform designed to streamline and organize the financial close process for accounting teams. It acts as an AI-assistant across the entire accounting lifecycle, automating tasks like balance sheet reconciliations, auto-drafting flux analysis explanations, and providing lightning-fast reporting. The platform helps teams achieve audit-ready, accurate financials by reducing manual work, integrating with existing ERP systems like NetSuite, and offering features for close management, smart subledgers, fixed assets, prepaid amortization, and technical accounting guidance. Numeric aims to empower lean finance teams to focus on impactful work rather than recurring manual tasks, ensuring a faster, more confident, and controlled close.

## Key facts

- **Slug:** numeric
- **Website:** https://numeric.io
- **Location:** San Francisco, United States
- **Founded:** 2019-01-01
- **Employees:** 117
- **Operating status:** Active
- **Total funding:** $51M
- **Sectors / tags:** Accounting Automation, Accounting Software, Fintech, Workflow Automation, Business Intelligence, Enterprise Software, AI Tool
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/numeric-io

## Frequently asked

### What does Numeric do?

Numeric is an AI-powered accounting automation platform designed to streamline and organize the financial close process for accounting teams. It acts as an AI-assistant across the entire accounting lifecycle, automating tasks like balance sheet reconciliations, auto-drafting flux analysis explanations, and providing lightning-fast reporting. The platform helps teams achieve audit-ready, accurate financials by reducing manual work, integrating with existing ERP systems like NetSuite, and offering…

### What is Numeric's valuation?

StartupHub estimates Numeric's effective valuation at $354 (range $248 to $461, 37% confidence), based on comparable companies in the sector.

### How much funding has Numeric raised?

Numeric has raised a total of $51M in funding. The most recent round on record is Series B.

### Where is Numeric headquartered?

Numeric is headquartered in San Francisco, United States.

### When was Numeric founded?

Numeric was founded in 2019.

### What industry does Numeric operate in?

Numeric operates in Accounting Automation, Accounting Software, Fintech, Workflow Automation, Business Intelligence, Enterprise Software.

### How many employees does Numeric have?

Numeric has approximately 117 people on record.

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