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Israeli financial planning co Datarails raises $70m

Datarails, an Israeli company specializing in artificial intelligence-driven financial planning software for Excel users, has secured seventy million dollars in a new funding round. The investment, led by One Peak with participation from several existing investors, brings the company's total funding to one hundred seventy-five million dollars and reportedly values Datarails at six hundred to seven hundred million dollars. The company plans to use the new funds to expand its marketing and sales efforts in North America and EMEA, invest further in research and development, and pursue acquisitions. Datarails has experienced significant growth, with revenue increasing by seventy percent year-over-year and its global workforce nearly doubling to over four hundred employees, including one hundred forty in Israel.

Original article source: https://en.globes.co.il/en/article-israeli-financial-planning-co-datarails-raises-70m-1001532635
Source Id: 9052863046

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