AI finance startup Datarails secures $70 million Series C at $550 million valuation
Funding follows 70% revenue growth and fuels expansion across North America and EMEA.
Datarails has raised $70 million in a Series C round led by One Peak, a specialist growth equity investor. New and existing investors participating in the round include Vertex Growth, Vintage Investment Partners, Zeev Ventures, Innovation Endeavors, Joey Low, Qumra Capital, and Claltech. The company’s valuation at the time of the fundraising is estimated at $550 million.
Founded in 2015 by Didi Gurfinkel, CEO, Eyal Cohen, COO, and Oded Har-Tal, Datarails aims to modernize the CFO’s office by consolidating financial and operational data while allowing finance teams to continue working within Excel, their primary tool. The company describes its platform as a FinanceOS, a unified operating system for the CFO’s office covering FP&A, cash management, month-end close, and spend control.
The round comes amid 70% annual revenue growth and a near doubling of the company’s workforce to over 400 employees worldwide, including 130 in Israel, bringing total funding since the company’s founding to $175 million.
In a conversation with Calcalist, Didi Gurfinkel, co-founder and CEO of Datarails, said the company has transformed from a product-focused business into a platform company. “We sell to companies with up to 1,000 employees. The market was very dormant, everyone relied on Excel. Since the breakthrough of AI three years ago, CFOs realized they needed to act. A previously dormant market has become highly active,” he said.
“Our platform consolidates unified data and allows CFOs to deploy AI-driven applications,” Gurfinkel continued. “As long as companies have organized data from all systems, they can benefit from every new AI capability. We’ve created a new category: a financial operating system, a new infrastructure for the financial world.”
Gurfinkel estimates the company will reach about $100 million in revenue in the second half of the year. “We’re growing rapidly and plan to maintain this trajectory. Most of our activity is in the U.S., with limited operations in Europe, where we plan to expand using the new funding,” he said.
He added, “We aim to deliver significant productivity with our current team. We already have four revenue-generating products and will continue growing our staff across departments to support our expansion.”
Datarails’ approach addresses a long-standing pain point in corporate finance. While nearly all financial professionals spend multiple hours daily in Excel, critical workflows often remain siloed, requiring tedious manual work to consolidate data. By integrating AI directly into these processes, Datarails allows CFOs and finance teams to generate actionable insights, predictive forecasts, and board-ready reports without leaving Excel.
