Aleph emerges from stealth with $16.7m to build next-gen platforms
By Delisha Fernandes
Aleph, has emerged from stealth with $16.7 million in financing for building Next-Gen Financial Planning and Analysis Platform. The 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.
Aleph aims to utilise the funds to become the comprehensive data platform for finance teams by leveraging the power of artificial intelligence (AI) for the accuracy and speed of financial reporting and by introducing collaboration features for non-finance stakeholders.
“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,” said Christina Melas-Kyriazi, Partner at BCV. “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.”
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 centralised, 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. The platform then complements this with AI-assisted dashboards and a real-time web app for collaborative planning, making it easy to work with other teams.
“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,” said Albert Gozzi, CEO and co-founder of Aleph. “We’ll keep listening to our customers and build exactly what finance teams need to double or triple their output without hiring.”
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