$16.7M in funding
October 24, 2023
“The Aleph is a point in space that contains all other points. Anyone who gazes into it can see everything in the universe from every angle simultaneously, without distortion, overlapping, or confusion”
The Aleph, Jorge Luis Borges, 1945
At Aleph, we’re helping finance teams make better decisions. We believe teams shouldn’t have to go through months-long implementations to get value out of tools. Analysts shouldn’t have to learn a new syntax to work with their data. Executives shouldn’t need to rely on static reports to understand their business.
Today, we’re excited to come out of stealth and start sharing our story, as well as announce our $11.5M Series A led by Bain Capital Ventures (BCV) with participation from Khosla Ventures, Y Combinator, Picus Capital and others. Together with a $5.2M Seed led by Khosla, this brings our total funding to date to $16.7M.
This is a big milestone for our team and we wanted to share a bit about our progress and what this means for the future of Aleph and our customers.
Spreadsheets are the most widely used programming language in the world. Finance teams at small businesses and Fortune 50 companies alike gravitate toward spreadsheets for their ultimate flexibility. We believe there are good reasons why people like spreadsheets and that they are not going away any time soon.
At the same time, spreadsheets have limitations, from error-prone data handling to permission and version issues. We asked ourselves – what would the best of both worlds look like? And that’s why we started Aleph.
With our next-gen financial planning and analysis platform, customers get:
We started this journey 3 years ago, and have been iterating with world-class teams to build the tool we wish existed. That is Aleph. We have a bold vision and an aggressive roadmap, and we are just getting started.
Creating a tool that is simple enough to avoid months-long implementations while powerful enough to support big companies and their needs is not an easy task.
We’re thrilled to bring Bain Capital Ventures (Christina Melas-Kyriazi) onto our board. We’re excited to partner with BCV because they share our ambition, vision and passion to rebuild this category from the ground up.
BCV joins existing investors Khosla Ventures (Kanu Gulati), Y Combinator and Picus Capital, who doubled down and participated in our recent round. They’re joined by an impressive roster of operators and angels, including Tristan Handy (CEO, dbt), Naeem Ishaq (CFO, Checkr), Thejo Kote (CEO, Airbase), Fred Laluyaux (ex CEO, Anaplan), Dave Sherry (CFO, ServiceTitan), Rohit Shrivastava (ex CPO, Anaplan), Sinohe Terrero (CFO, Envoy), and Hoang Vuong (ex CFO, Amplitude), among others.
We will continue to listen to our customers to provide them the best possible user experience, and develop new ways to leverage the source of truth Aleph creates for companies of all sizes. Also, we think generative AI will redefine how finance teams work, and we are eager to share more about what we’re building in this space soon.
To maintain the momentum, we are expanding our small but driven remote team. If you’re interested in joining us on this journey or know someone who might be a great fit, check out our open positions.
To our early team and customers – we couldn’t have gotten here without you. We deeply appreciate your support, and we’ll never take it for granted.
If you want to explore how Aleph could help you, please reach out.