Numeric
“Can an AI-native close platform become the operating system for finance teams and replace legacy CFO-suite incumbents like FloQast and BlackLine?”
Founded2020
HQSan Francisco, California, USA
FoundersParker Gilbert
Total raised$92.5M
Latest roundSeries B
IndustryHorizontal SaaS / Accounting
The story
Founded in 2020 as a close-management project-tracking tool for accounting teams frustrated by Excel-based month-end processes. Layered in reporting, flux analysis, and transaction monitoring on top of the close checklist. In 2025 launched Cash Management (bank feeds, cash matching, JE automation) — a meaningful expansion beyond checklist software into the transactional layer of the accounting stack. In 2026 released an MCP server, positioning Numeric as an AI-native orchestration layer between finance teams' data and LLMs.
Product timeline
2020
Numeric founded by Parker Gilbert (Velocity Labs Inc. DBA Numeric) to modernize the month-end close.· founding
2023
Launched Sage Intacct integration to complement existing NetSuite / QuickBooks / Xero ERP connectors.· product
2024
Raised $10M seed (May) then $28M Series A (October) led by Menlo Ventures; ARR grew 4x.· funding
2025
Raised $50.8M Series B; launched Cash Management module (cash matching, JE automation, bank feeds).· product
2026
Launched Numeric MCP server enabling Claude/ChatGPT/Gemini to work directly inside close workspace.· product
The stack
2 layers disclosed in Numeric’s embedded-finance stack
Payments / PSP
Accounting
in the full report
Accounting gap: none
4 more providers across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.