Numeric is excited to announce that it has successfully raised a $28 million Series A funding round, led by Menlo Ventures, with participation from new investors IVP and Socii Capital, as well as continued support from existing investors Founders Fund, 8VC, Long Journey, Friends & Family Capital and Access Industries.

This milestone comes just five months after the company announced a $10 million funding round in May. Following this investment, Numeric has experienced remarkable growth, quadrupling its annual recurring revenue (ARR) over the past year.

In a short time, Numeric has welcomed prominent private and public companies as customers, including OpenAI, Plaid and Brex. Organizations are increasingly leveraging Numeric’s innovative platform to rethink and automate their recurring financial workflows, significantly improving their efficiency.