Aleph, described as “the source of truth for finance teams”, has unveiled itself, attracting an impressive $16.7m in its latest funding round.
This financial boost was orchestrated by Bain Capital Ventures (BCV) and saw contributions from established investors such as Khosla Ventures, Picus Capital, and Y Combinator. Notably, angel investors and their current clientele also chipped in.
Delving deeper into its operations, Aleph functions as the singular reservoir for all fiscal data, aiming to assist teams in making enhanced, quicker decisions. The platform’s prowess lies in enabling finance and operations teams to consolidate varied data sources, be it ERP, HRIS, CRM, and more, into one centralised hub in just minutes. A standout feature is its spreadsheet add-ins, ensuring finance enthusiasts experience a smooth interaction with data. This is further boosted by Aleph’s AI-driven dashboards and a live web application tailored for cooperative planning, streamlining work with other departments.
With the recent influx of funds, Aleph has its sights set on expanding its horizons. Their core ambition is to emerge as the ultimate data platform for financial squads. This involves harnessing AI for ensuring the precision and speed of financial reports and integrating collaboration tools for those outside the finance realm. Emphasising the challenges faced by modern businesses, data silos are becoming an increasing concern with the rise of cloud-based software. While many firms aspire to be “data-driven”, achieving this is a challenge with inaccessible data. Aleph strives to bridge this gap.
Christina Melas-Kyriazi, Partner at BCV, commented, “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.” She further added, “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.”
Notably, Aleph has already made waves with big names like Turo, Zapier, Envoy, and Notion vouching for it. Their efficient onboarding process and intuitive interface have made them a go-to for tasks like monthly reporting, communication with investors, and variance analysis.
Albert Gozzi, CEO and co-founder of Aleph, remarked, “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.” He promised continued attentiveness to customer feedback and building precisely what financial teams demand.
In a throwback to its origins, Aleph came to life in 2020, conceived by Gozzi amidst the pandemic’s peak. A year later, Santiago Perez De Rosso, a Ph.D. candidate at MIT and associated with DocuSign, joined as co-founder. The duo then got Aleph accepted into the prestigious Y Combinator programme.
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