Numerify provides an AI-powered analytics platform for the business of IT, analyzing people, process, and project data to improve application health, reduce service costs and optimize resource usage. Its IT business analytics applications are used by Global 2000 organizations, including companies ranked in the top five across 11 major industries. Led by co-founder and CEO Gaurav Rewari, the company focuses on embedding artificial intelligence and machine learning into its analytic solutions. Numerify intends to use new funding to grow its enterprise customer presence and accelerate the introduction of additional AI/ML-enabled analytic offerings. The platform spans people, process and project data to deliver operational insights for enterprise IT teams. The company is based in San Jose, CA. Numerify provides cloud-based analytics applications and pre-built analytic solutions that integrate data across cloud IT services, assets, projects and finance systems as well as call center, HR and finance systems. The company is led by CEO and founder Gaurav Rewari and serves customers including Netflix, Intuit, Weill Cornell Medical and Aruba Networks. Numerify intends to use recent funding to expand product capabilities across new areas of IT business operations. It also plans to grow its presence in North America and Europe. Financially, the company has raised more than $60M in total and recently closed a $37.5M Series C. Tom Banahan of Tenaya Capital joined Numerify’s board in conjunction with the round. Numerify offers the Numerify360 cloud-based platform that delivers record analytics to help organizations manage their IT business. Its applications give IT executives and managers contextual analytics to achieve a single view of IT operations and insights to improve IT business performance. The platform analyzes accumulated histories of IT service records, IT asset data, and related HR, financial, and procurement data. Numerify launched its product in April and is already working with more than a dozen enterprises, including Netflix, University of San Francisco, Incomm, and Spansion. The company was founded in 2012 by CEO Gaurav Rewari and is headquartered in Cupertino, CA. Financially, Numerify has completed multiple financings and has secured venture capital backing to support its growth. Numerify is building an analytics platform that sits on top of SaaS environments to provide dashboards, reporting and analytics. The company plans to initially target sales and marketing use cases. Numerify had been operating in stealth after raising capital late last year and intends to remain in stealth until it launches its service in Q1 2014, though it has begun sharing limited information and a website. Founders include CEO Gaurav Rewari (formerly VP of product management and strategy at Oracle) and co-founder Srikant Gokulnatha. The market is competitive, with players such as GoodData and large vendors like IBM, SAP and Oracle offering cloud analytics. Its investor roster and founder backgrounds are highlighted as strengths as it prepares for public launch.

Total raised

$88M

Funding rounds

4

Latest round

Equity

Latest activity

Oct 2018