Numeric has secured a $51 million Series B funding round as the San Francisco-based company advances from close management software into a comprehensive finance automation platform. IVP led the round with participation from Menlo Ventures, Founders Fund, Alkeon, 8VC, Socii Capital, Access Industries, Friends & Family Capital, Long Journey Ventures, and Fifth Down, as well as strategic individual investors Marc Huffman, former CEO of BlackLine, and Ron Gill, former CFO of NetSuite. The new capital brings Numeric’s total funding to $89 million.
With this investment, Numeric is expanding beyond close management into a compound startup model that unifies financial data and workflows for enterprise accounting teams. As part of the announcement, the company introduced its new cash management product, a major step in its effort to centralize and automate finance operations. Cash matching, one of the most time-consuming and error-prone components of the close process, traditionally yields match rates below 30% with legacy tools. This often forces companies to assign teams of several people to reconcile high volumes of transactions manually.
Numeric’s new offering achieves auto-match rates exceeding 90%. Early adopters, including Brex, Public.com, and Clipboard Health, are already reducing the number of days of manual reconciliation by multiple days each month. Brex, which piloted the product, saw match rates climb from 30% to over 90%.
The Series B marks a significant stage in Numeric’s evolution into a multiproduct platform supported by a unified data core. The company now offers Close Management, Analytics, and Cash Management, which CEO Parker Gilbert positions as interconnected components of “the connected platform for finance operations.” Numeric plans to introduce additional products in 2026 and 2027 to streamline other essential accounting workflows. This horizontal expansion strategy mirrors successful enterprise platforms such as Salesforce and Rippling, both of which built category-defining ecosystems by linking related operational workflows.
Numeric’s architecture blends AI for interpreting unstructured data, deterministic code for mathematical accuracy, and human oversight for complex decisions. The company emphasizes a measured, deliberate approach to automation that acknowledges both the power and the limitations of AI in sensitive financial environments.
Founded in 2020 by Anthony Alvernaz, Parker Gilbert, and Andrew Bihl, Numeric operates from offices in San Francisco, New York, and London.
KEY QUOTES
“We started by solving the close, but our vision has always been greater. Each product we build makes the others more powerful. We’re marching toward a future where accounting isn’t manual spreadsheet work but instead is a real-time strategic function. This funding accelerates that timeline significantly.”
Parker Gilbert, CEO, Numeric
“Numeric has consistently demonstrated exceptional product execution and deep understanding of what finance teams actually need. Their ability to expand from close management into analytics and now cash management, while maintaining product excellence across each, shows they’re building something truly differentiated. We’re excited to support their vision for the future of accounting.”
Ajay Vashee, General Partner, IVP
“Numeric didn’t have the dream of just a project management tool. Numeric had the dream of a flux analysis product, a cash reconciliation product, the full linking between the ERP system and their platform. And Numeric had the dream of AI. I think ultimately that implementing Numeric is one of the best decisions I’ve made as controller over my 7 years at Brex.”
Kevin Moore, Controller, Brex
“AI is powerful, but imperfect. Most importantly, accounting can’t tolerate errors compounding. We route the right work to the right operator: AI to interpret unstructured data, code to handle calculations with precision, and humans to add context and make judgment calls.”
Parker Gilbert, CEO, Numeric
