Aleph – a source of truth for finance teams – recently emerged from stealth with $16.7 million in financing. This funding round was led by Bain Capital Ventures (BCV) with participation from existing investors Khosla Ventures, Picus Capital, and Y Combinator, including angel investors and current customers.
The company operates as the one repository for all financial data, helping teams make better decisions faster. With this funding round, Aleph will continue its mission to become the comprehensive data platform for finance teams by unlocking the power of AI for accuracy and speed of financial reporting, and by introducing collaboration features for non-finance stakeholders.
With cloud-based software becoming the norm for most functions in a modern business, data silos are a growing issue that only seem to be getting worse. And every company wants to be data-driven but this is nearly impossible when data is not accessible. Existing finance solutions are attempting to solve that. However, they are primarily seeking to bring teams out of familiar systems and learn a new syntax, enforcing rigid models that do not work for many business types.
Aleph allows finance and operations teams to integrate all of their sources of data (ERP, HRIS, CRM, etc.) into a central database in a matter of minutes. Once data is centralized, the cornerstone of Aleph’s interface is its spreadsheet add-ins, meeting finance individuals where they want to be while providing a seamless interaction with data. Then Aleph complements this with AI-assisted dashboards and a real-time web app for collaborative planning, making it easy to work with other teams.
Aleph found early success with several well known brands like Turo, Zapier, Envoy and Notion. And with an onboarding process that takes less than an hour and interface that requires little to no training, companies are using Aleph for tasks like month-end reporting, investor communications, and variance analysis.
Aleph was founded in 2020 by Albert Gozzi – who built the MVP in his home in the depths of the pandemic. And he was joined by co-founder Santiago Perez De Rosso (Ph.D. at MIT, DocuSign) in 2021, and the team was accepted into Y Combinator to build Aleph.
KEY QUOTES:
“Most finance teams love the flexibility of excel, and greatly dislike most FP&A software. Having been a CFO, and also an engineer, Albert understands this deeply and is building a unique product that resonates with how those finance teams want to do their work. Aleph is really easy to implement, and customers have that ‘aha’ moment quickly. We were so impressed by the customer love, early traction, and Albert’s vision for the product.”
– Christina Melas-Kyriazi, Partner at BCV
“The ultimate way to help finance professionals is to give them the best of both worlds – the flexibility and familiarity of Excel with the centralization, power, and scale of a web app. We’ll keep listening to our customers and build exactly what finance teams need to double or triple their output without hiring.”
– Albert Gozzi, CEO and co-founder of Aleph
