Numeric Raises $10M in Funding to Expand Innovation, Partnerships, and Marketing

Numeric Raises $10M in Seed Funding

Key Highlights:

• Seed Funding: Numeric, an AI-powered accounting automation company, raised $10 million in seed funding.
• Investors: Founders Fund, Menlo Ventures, 8VC, Long Journey, Friends & Family Capital, and others participated in the funding round.
• Product Development: The funding will be used to expand R&D hiring efforts and continue developing new products.

Numeric's Target Market

• Private and Public Companies: Numeric's AI accounting automation platform is designed for both private and public companies.
• Companies Requiring Technical Accounting Support: Businesses in need of technical accounting research, data discrepancy identification, variance explanation drafting, and automated month-end close processes.
• Industry Focus: Numeric's platform is applicable to various industries, including fintech, technology, and wealth management.

What Numeric Needs to Buy

• R&D Talent Acquisition: Hiring top talent in research and development to drive continuous product innovation.
• Partnerships and Integrations: Collaborating with other software providers and platforms to enhance the functionality and reach of Numeric's accounting automation platform.
• Marketing and Sales Support: Investing in marketing and sales efforts to increase brand awareness and acquire new customers.

Sorted raises £1.65M in Seed Funding for Recycling Tech

Summary: Sorted, a recycling tech startup based in the UK, recently secured £1.65M in seed funding to revolutionize waste management and recycling. Their AI-powered sorting solutions aim to improve the efficiency of recycling processes and contribute to a more sustainable future.

Funding Amount: £1.65 million

Industry: Software Development

Employee Count: 51-200

CEO: Carmen Carey (CEO Linkedin)

What Sorted needs to buy: Sorted is seeking partnerships with waste management companies, recycling industry leaders, and environmental organizations. Companies specializing in AI technology, sustainability solutions, and waste management systems are ideal partners to support Sorted's expansion plans and drive innovation in the recycling industry.