Trullion, a financial workflow automation platform, has secured a seed financing round led by Greycroft and Aleph.
Other investors in the real-time, AI-powered accounting platform include Verissimo Ventures and a number of individuals such as Bob Mylod, Artie Minson, Jody Padar, and Zac Bookman.
Translating vast data sets into a single system for accounting teams, Trullion supports “Big Four accounting firms and enterprise CFOs alike” in streamlining processes required of accounting stakeholders.
Isaac Heller, co-founder and CEO at the company, said: “Trullion is creating a single source of truth for financial leaders.
“By utilizing artificial intelligence and automation, we are creating new levels of transparency, saving time, and augmenting how accountants can access vast amounts of data.”
Situated in New York and Israel, the funding will be used to invest in new talent and financial workflows at the group.
Brentt Baltimore, principal at Greycroft, said: “The financial management industry has been stagnant for many years as industry pain points, including maintaining efficiency, accuracy and transparency, restrict executives’ time and collaboration.
“We’re excited to support Trullion’s progress in revolutionizing the use of AI in accounting software and providing a clear and functional view of contract data for Big Four accounting firms and enterprise CFOs alike.”