Celery News
4 articles
growth-positive
Celery, a Tel Aviv, Israel-based financial operations platform that leverages artificial intelligence to automate internal controls, raised $6.25M in Seed funding
Celery, a financial operations platform based in Tel Aviv, has raised $6.25 million in Seed funding, bringing its total funding to $9 million. The round was led by Team8 with participation from Verissimo Ventures, Centre Street Partners, 97212 Ventures, and angel investors. The company plans to use the funds to expand its market operations, accelerate product development, and launch new audit agents for expense review, fraud detection, and fixed asset controls. Celerys AI-driven platform aids finance teams in detecting financial errors and optimizing profit opportunities. It is currently used by U.S. healthcare providers and is SOC 2 certified.
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growth-positive
Company targets labor-heavy industries with audit agents that replace manual reviews.
Celery, an Israeli financial oversight startup, has secured $6.25 million in Seed funding to enhance its AI-driven platform that automates fraud detection, compliance, and financial inefficiencies. The funding round was led by Team8, with participation from Verissimo Ventures, Centre Street Partners, and 97212 Ventures, bringing Celerys total funding to $9 million. The platform is already utilized by numerous U.S. healthcare providers and aims to expand into other sectors like construction and hospitality. Celerys technology reduces manual oversight by up to 91% and has processed over $550 million in payroll data. The company was founded in 2023 and focuses on revenue and expense monitoring, offering a solution that requires minimal setup.
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growth-positive
From Phone Call to $35B Solution: The Inspiring Journey of Celery
Celery, a startup that offers payroll solutions to employers, was born out of a phone call between co-founders Yuval Brot and Hillel. The company aims to solve the problem of employees not understanding their pay stubs and not knowing if theyre being paid correctly. After conducting research and building a minimum viable product (MVP), they leveraged their network to acquire paying customers in the US. The company recently raised $2M in a pre-seed round from investors including Eyal, 97212 Ventures, micro-VCs, and top angel investors.
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growth-positive
Helping CFO's Sleep Better At Night: A Conversation with Yuval Brot, CEO & Co-Founder of Celery
Celery, a company co-founded by Yuval Brot, aims to automate internal controls for finance teams, reducing manual work and errors. The companys system integrates with various financial data sources, automating manual comparisons and checks. The goal is to provide comprehensive data coverage and real-time analysis. The companys solution is particularly beneficial for companies with many hourly employees, multiple locations, high turnover rates, and dynamic salaries, such as those in healthcare, construction, retail, and hospitality. Celerys solution can help these companies ensure their employees are paid correctly and accurately.
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