Numerify Raises $37.5M in Series C


What does Numerify do?

Numerify, is a provider of cloud based IT business analytics applications. It provides the analytics applications to leading organizations which have embraced cloud based IT services, finance systems and projects. The company’s pre built analytic solutions integrates data across IT sources and call centre, finance and HR systems. The company’s cloud applications rapidly delivers insights which help information technology organizations reduce costs, improve service levels and increase the delivery speed. The company provides analytics for IT management insights.

How much Numerify was funded?

Numerify raised $37.5 M in Series C funding on October 22nd, 2015 from Four Rivers Group, Tenaya Capital, Silicon Valley Bank, Sequoia Capital and Lightspeed Venture Partners.

Previous funding

$8M in Series A funding on October 2nd, 2013 from Lightspeed Venture Partners, Deep Nishar, Frank Slootman, James Ramsey and Abhay Parasnis,

$15M in Series B funding on September 24 th, 2014 from Lightspeed Venture Partners.

What is next for Numerify?

The company plans to use the latest funding for expanding the company’s product capabilities across new areas of information technology business operations and for supporting the company’s growth in Europe and North America. The new investment will support the company through its next phase of exponential growth. With the latest funding the total amount the company raised to date amounts to $60 M.  The Managing director of Tenaya Capital, Tom Banahan, joins the company’s board of directors.

More about Numerify

Numerify was founded in 2012 by Sadanand Sahasrabudhe, Srikant Gokulnatha and Gaurav Rewari. It has its headquarters in Cupertino, CA. The company is one of the first IT business analytics providers on the market. The company is enabling forward thinking IT organization in addressing their business analytics needs. The company’s cloud based analytic applications spans IT organizations, assets, services, finance and project management.