Drivetrain AI, a provider of financial modelling tools for organisations, has raised $15 million in a Series A round that was led by Elevation Capital, Jungle Ventures, and Venture Highway.
More than 25 startup founders, advisors, and investors took part in the investment round, including Akshay Kothari of Notion, Khadim Batti, and Amit Sharma of Whatfix, and Krish Subramanian and Karthik Srinivasan of Chargebee, as per reported by The Economic Times.
The company would use the capital on quickening product development and growing its workforce that handles going to market.
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“Till now software platforms have provided a rear-view mirror of what has happened in the past. Drivetrain is a white-box model, which helps enterprises undertake complex financial modelling and look into the future,” Thakur, who is also its chief technology officer (CTO), told ET. “Usually, finance teams jumble future plans over several spreadsheets. Drivetrain’s software is made to help businesses build these plans on a singular platform and monitor it while incorporating necessary action.”
Drivetrain AI was founded in 2021 by Alok Goel, Tarkeshwar Thakur, and Saurav Bhagat with the goal of empowering businesses to make smarter decisions.
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“At present, companies are using our platform to model their topline, bottomline, annual revenue run rate. They are also using Drivetrain AI’s platform to understand their go-to-market (GTM) funnel to get insights on how their marketing and sales team should be behaving,” co-founder Goel said.
Over 200 business solutions, including Salesforce, Netsuite, Quickbooks, Workday, and Looker, are integrated with Drivetrain AI.
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About Drivetrain AI
Drivetrain AI is a platform for financial planning and decision-making that gives finance teams cutting-edge tools for data-driven planning and analysis.
