Niural, an first AI-native global PEO (Professional Employment Organization) for companies, announced it has raised $31 million in Series A funding. The funding round was led by Marathon Management Partners, with participation from existing investors M13, Inspired Capital, Newform Capital, and several new strategic investors. Marathon’s Gokul Rajaram, an industry leader on the boards of Coinbase, The Trade Desk, and Pinterest, joins Niural’s board.
The payroll industry has historically seen minimal innovation, operating on decades-old infrastructure and tax engines built in the 1980s. And traditional PEOs struggle to support today’s distributed teams, which forces growing companies to patch together multiple vendors. This fragmentation creates disjointed systems of record that prevent effective AI implementation, which requires access to a single source of truth.
Problem being addressed: Niural addresses this challenge for companies by introducing a fundamentally reimagined solution, which is the industry’s first end-to-end global PEO platform. Developed over several years, Niural’s platform features proprietary tax engines, integrated payments infrastructure, and EMMA—the industry’s first executional AI coworker. With Niural, customers:
— Save over 60 hours per month
— Reduce HR and foreign exchange costs by up to 50%
— Reduce payroll errors by 90%.
How the funding will be used: This funding round will advance Niural’s AI capabilities and global expansion, furthering its mission to build an AI-native system of intelligence for CFOs of modern companies.
Company founders: Niural was co-founded by seasoned entrepreneurs Nami Baral and Nabin Banskota. Nami Baral, CEO, previously founded Harvest, which introduced AI agents in the consumer financial technology space. And Nabin Banskota, President, brings extensive financial leadership experience as a former CFO with deep expertise in global financial operations, risk management, and compliance.
Momentum: Niural has seen incredible traction with 700%ARR growth last year and a growing list of clients who are leaders in their field, such as Tensor, Polygon Labs, Mob Entertainment, Slingshot AI, and Karate.com.
KEY QUOTES:
“At its core, payroll is one of the most complex fintech challenges a company faces. Niural has fundamentally rethought payroll by designing an AI-native fintech infrastructure from scratch which enables it to innovate and launch interrelated products faster than any platform I’ve seen at this stage. This creates immediate value for CFOs managing all money flows, positioning Niural as the primary vendor for scaling organizations.”
Gokul Rajaram
“Niural sits at the intersection of powerful industry shifts – in AI-driven automation, global workforce distribution, and integrated financial operations. With agentic AI, Niural is converting a legacy system of records into a system of intelligence that companies can rely on for generations.”
Nami Baral
“As a former CFO, this is a dream come true for most finance folks that are hyper-focused on growth globally.” “Most companies that come to us start with our PEO product and end up replacing 3-6 different tools, which is very strong validation from our customer base.”
Nabin Banskota
“Niural has become a true extension of our team. We began with one product, but now rely on Niural’s entire suite of products globally. Their platform effortlessly manages multiple subsidiaries, complex payments, and extensive compliance requirements.”
David Kuhn, General Counsel at Karate.com
