Aleph secures £21.3 million Series B to accelerate AI-native FP&A revolution

Aleph, an AI-driven financial planning and analysis platform, has raised £21.3 million in its latest funding round, fuelled by mounting industry confidence in transforming finance workflows with rapid, AI-powered insights.

Aleph, the AI-native financial planning and analysis (FP&A) platform, has recently announced a significant Series B funding round of £21.3 million, led by Khosla Ventures, with ongoing support from Picus Capital, Bain Capital Ventures, and Y Combinator. This latest investment brings Aleph’s total funding to £33.7 million, underscoring strong confidence in the company’s mission to transform FP&A workflows with cutting-edge AI technology.

Since its Series A milestone, Aleph has experienced explosive growth, multiplying its customer base tenfold. It now powers FP&A operations for leading companies such as Zapier, Turo, Harvey, and Chess.com, boasting an impressive 80 percent win rate in customer acquisition. Aleph differentiates itself from legacy finance tools, which are often sluggish and overly reliant on heavy IT involvement, external consultants, or long implementation timelines. Instead, Aleph offers a fast-to-value platform, enabling finance teams to connect and start analysing data within hours rather than months.

Aleph’s platform integrates comprehensive data warehousing capabilities with flexible, spreadsheet-native add-ins for Excel and Google Sheets, ensuring finance teams remain in full control of syncing, structuring, and analysing cross-system data. Its scalable architecture means the platform delivers immediate value and continues to expand its impact as organisations grow and their financial planning needs evolve.

The company’s CEO and co-founder, Albert Gozzi, highlighted the transformative potential of AI in finance and Aleph’s leading role in advancing AI-native FP&A solutions. Speaking on the funding announcement, he noted: “Finance teams are eager to adopt AI but have been hesitant to trust it when one wrong number can cost a company millions. The data focus that made Aleph unique before we invested in AI is exactly what has, and will continue to, uniquely position Aleph to win the intelligence race – with the precision and observability to build trust at scale.”

Aleph’s AI-driven capabilities are already saving customers thousands of work hours through features like AI-powered variance analysis, which instantly identifies what has changed in financial data, enabling rapid verification and response. This automation empowers lean finance teams, sometimes of only one or two people, to accomplish in minutes what traditionally required multiple full-time employees over days. The vision is to evolve towards a seamless intelligence layer that automates workflows, surfaces actionable insights, and delivers immediate answers—creating what Aleph describes as the “10X finance professionals” of the future.

Industry backers see Aleph’s approach as a pioneering example of how AI can revolutionise entire finance workflows. Kanu Gulati of Khosla Ventures remarked, “Finance teams spend too much time pulling data from different systems and double-checking numbers that should be at their fingertips. Aleph fixes that with a single source of truth that delivers fast, accurate AI-powered insights. As Aleph identifies valuable patterns and trends, it keeps getting smarter, creating a flywheel where AI isn’t just a tool but a true team member generating real insights that drive better business decisions.”

Aleph’s value proposition extends beyond AI alone. The company’s platform supports real-time financial modelling, budgeting, and forecasting, integrating seamlessly with familiar tools like Excel and Google Sheets. Its enterprise-grade data warehousing and collaboration features are designed to serve finance teams comprehensively, from small startups to larger enterprises.

This funding round and accompanying growth signify a broader shift within the finance software sector, where speed, intelligence, and trustworthiness are becoming critical differentiators. Aleph’s success illustrates strong market demand for solutions that do not merely automate processes but also build confidence through transparency and precision—attributes essential to financial decision-making where stakes are high.

Looking ahead, the company plans to expand operational capabilities and enhance collaboration features that extend beyond finance teams, aiming to make financial data and insights accessible to wider business stakeholders. With these advancements, Aleph is positioning itself as a comprehensive platform for modern FP&A, driving the ongoing evolution towards AI-native financial management.

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Source: Noah Wire Services