Aleph raises a $29M Series B to accelerate AI adoption in FP&A

We’re excited to announce our $29 million Series B led by Khosla Ventures with continued participation from Picus Capital, Bain Capital Ventures, and Y Combinator, bringing our total funding to $46 million to date. 

The momentum since our Series A announcement has been incredible, growing 10X to power FP&A workflows for category-leading companies such as Zapier, Turo, Harvey, Chess.com, and hundreds more. 

But what’s more meaningful than our 10X growth in size is the 10X finance professionals we’re creating along the way. Finance teams that once spent countless hours hunting for data and consolidating spreadsheets now make faster, more confident decisions in minutes with Aleph. 

“Finance teams spend too much time pulling data from different systems and double-checking numbers that should be at their fingertips,” said Kanu Gulati of Khosla Ventures. “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. We backed them from the seed because this is an example of how AI will transform entire finance workflows.”

The customer outcomes we’re delivering, combined with our existing investors' conviction and decision to double down on us, are powerful signals that we’re well-positioned to shape and lead the future of AI-native FP&A software. 

How we got here

From the outset, Aleph aimed to transform the massive, multi-billion-dollar category that was ripe for disruption—characterized by intense competition, a lack of innovation, and no clear winners. 

Our founding mission was to “build a single source of truth for financial data,” but it was the ambitions that lurked beneath the surface that made our mission truly unique and special. 

• To be the fastest to value: A platform that would allow finance teams to start working with live data in hours, when legacy tools took months of painful onboarding before you could even generate your first report. 

• To be the most comprehensive: Everyone claims to be a source of truth, but we aimed to set the bar with enterprise-grade data warehousing that puts finance in complete control to sync, structure, and access cross-system data using no-code tools that require zero engineering or data science resources. 

• To be the most flexible: While legacy tools were trying to take finance teams away from their familiar and beloved spreadsheets, we set out to supercharge them with bi-directional Excel and Google Sheet add-ins.

• To be the most scalable: Building an FP&A platform that can quickly meet teams where they are and take them to where they need to go, delivering value on day one that compounds with every FP&A workflow that is added and automated through Aleph. 

We’ve successfully executed against what we originally set out to do, and the numbers validate our progress:

• Our win rates are exceptional, beating and replacing vendors that are light years ahead of us in age, team size, and funding. 
• Customer retention has a near-perfect track record.
• And our customer base hasn’t just grown in size, it’s grown in decibels, with our users being our loudest champions.

However, the best is yet to come, and this capital will simply accelerate the journey to the next destination. 

What’s next 

The future of FP&A is AI-native, but in a world where one wrong number can cost a company millions, finance has been slow to trust and adopt AI. We’re changing that. 

Our data-driven DNA has built the most comprehensive source of truth for cross-system data. What made Aleph unique before our bets on 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 is already proving that AI in FP&A isn’t just possible, it’s practical. Live features, such as AI-powered variance analysis, have saved customers thousands of hours by instantly surfacing exactly what has changed and where to look, giving them the confidence they need to verify and take action quickly. 

But the real value unlock of AI-native FP&A isn’t a feature; it’s a seamless intelligence layer that automates workflows, surfaces suggestions, provides instant answers, and so much more. It’s lean finance teams of one or two now doing that same work that used to take five or six—and these productivity gains continue to multiply as the data gets smarter and smarter. 

Today’s Series B announcement is validation, not a change in direction. Our existing investors are doubling down on Aleph, and we’re doubling down on the best-of-breed platform we’ve built and the intelligence we're infusing. 

Today, we celebrate; tomorrow, we accelerate! 

We’re hiring. If you’re excited about reshaping an industry, check out our open roles. 

Thank you 

To our team: This milestone reflects the curiosity, passion, and persistence that you bring to work every day. Every single person has played a crucial role in shaping our success.

To our customers: Thank you for trusting us with your most critical data and workflows. Your feedback and advocacy have been the biggest motivator and loudest signal of our impact.

To our investors: Your support and guidance have been essential in transforming bold ideas into meaningful impact.

Special thanks to our existing investors who are doubling down on us in this round:

• Kanu Gulati and Khosla Ventures for leading our Seed round, participating in our Series A, and leading this Series B. 
• Julian Roeoes and Picus Capital for participating in our Seed, Series A, and Series B
• Christina Melas-Kyriazi and Bain Capital Ventures for leading our Series A and participating in our Series B
• Dalton Caldwell, Aaron Epstein, and Y Combinator for the long-running support dating back to the Summer 2021 batch and continuing through every funding round we’ve held. 

In addition to all of our Angels who believed and bet on Aleph early on, 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). 

Cheers to writing the next chapter of AI-native FP&A together!