Gappify builds cloud-based accounting automation software focused on mission-critical accounting and financial reporting activities. Its flagship Accrual Cloud platform is used by midmarket and enterprise accounting teams to orchestrate, execute, and analyze month-end accrual processes. The company is led by CEO and Founder Jotham Ty. Gappify has raised capital to date to support growth and product development. The recent financing will be used to accelerate growth and develop new accounting automation products. The business positions itself squarely at the intersection of accounting operations and automation for corporate finance teams. Gappify offers cloud-based solutions powered by a proprietary RPA architecture to automate high-cost accounting processes, including accruals management and vendor management. Its flagship product offering includes Accrual Cloud and a digital worker automation suite aimed at the controllership function. The company’s leadership team consists of former accountants, CPAs and ex–Big Four professionals. Gappify serves midmarket and enterprise accounting teams seeking to modernize their technology stacks and mitigate financial statement risk. The company plans to use new financing to build additional products, evolve its automation suite to support the accounting close process, and expand sales and marketing. Gappify is focused on reducing manual work and strengthening internal control environments for corporate accounting teams. Gappify provides digital workers for the accounting enterprise, automating controllership functions including accounts payable, accounts receivable, and general ledger teams. Its flagship digital worker, "Gappify Alan," can initiate and complete processes autonomously across these functions. The team includes former accountants and KPMG auditors. Gappify's customers range from pre-IPO companies to large publicly traded enterprises. The company said it will use the financing to invest in new product development and accelerate sales and marketing to expand autonomous solutions within the controllership. Gappify is based in Oakland, Calif.

Total raised

$16M

Funding rounds

3

Latest round

Series B

Latest activity

May 2023