DataRails Overview
DataRails is a cloud platform that enables finance professionals to securely store, share, and manage all of the data from their company spreadsheets. DataRails upgrades Excel to an enterprise-ready management solution that helps organizations have more control over their spreadsheets, making them verifiable and trusted, enabling collaboration and regulatory compliance, and helping users obtain new levels of data analysis and efficiency from their existing Excel spreadsheets. The company allows users to collect and aggregate business information, convert raw data from multiple spreadsheets into visualizations, and connect their Excel files to their companys business intelligence solution. DataRails users can also create a web-based dashboard for data from multiple spreadsheets, regardless of size, complexity, or location.
Cumulative Funding Raised Over Time ($)
$18.5MApr 2021
$24.5MJul 2017
$25.5MJun 2015
$28.5MJun 2018
$53.5MJun 2021
$103.5MMar 2022
Latest News
growth-positive
/PRNewswire/ -- Datarails today announced it ranked 92 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media,...
Datarails has been ranked 92nd on the Deloitte Technology Fast 500 list, showcasing a remarkable 1372% revenue growth attributed to high demand for its Excel-native FP&A planning and AI innovations. The companys CEO, Didi Gurfinkel, attributes this success to the alignment of their product with the needs of finance teams, combining Excels flexibility with advanced analytics and AI. The strong customer support has turned clients into advocates, further driving adoption across industries. This marks Datarails second consecutive year on the list, highlighting its consistent growth and innovation in the fintech sector. The Deloitte Technology Fast 500 recognizes the fastest-growing technology companies in North America based on revenue growth over a three-year period.
Customers
growth-positive
Office Tour: Datarails Offices - Tel Aviv
Datarails, a data management platform, has collaborated with Switchup to design a new office space in Tel Aviv. The office design features a soothing color palette with vibrant furniture and breakout areas for employee well-being. The open workspace concept, custom-designed workstations, and glass-walled meeting rooms align with Datarails values of openness and collaboration. The communal kitchen area features a striking color block design, stimulating conversations and interactions among employees. The new office space blends serenity and vibrancy, creating a focused and productive work environment.
Expand
growth-negative
DataRails lays off 18% of team | CTech
DataRails, a financial planning and analysis platform for Excel users, is laying off 18% of its workforce, including 30 employees. Most of the layoffs are sales and technical support staff based in the U.S. The company aims to reach profitability and has cut its marketing budget. DataRails recently raised $50 million in Series B funding, led by Qumra Capital and including new investors La Maison Partners and ClalTech. The company, founded in 2015, has raised $105 million to date.
Layoffs
growth-positive
הסטארט-אפ דאטהריילס מגייס 200 עובדים -
Israeli start-up DataRails, which develops a platform for financial analysis and planning for Excel users in finance departments, plans to double its size and recruit 200 new employees in various roles throughout the year. The recruitment of employees in various development, product, finance, creative, sales and customer management roles is intended for the further development of the companys platform. DataRails was founded in 2015 and has so far raised $105 million, nearly half of which was raised about a month ago in a funding round led by growth fund Comerica Capital.
Expand
growth-positive
Israeli financial planning co DataRails raises $50m
DataRails, an Israeli financial planning and analysis platform for Excel users, has completed a $50 million Series B financing round led by Qumra Capital. The company has raised a total of $103 million to date. DataRails plans to use the funding to invest in R&D, sales and marketing, and expand its customer base globally. The companys revenue has increased fivefold over the past year, with an Annual Recurring Revenue (ARR) approaching $10 million. DataRails provides a cloud-based centralized database that enhances Excel for small and medium-sized businesses, allowing real-time consolidation of financial and operational data. The company aims to address the pain points of manual work, broken processes, and scattered data experienced by businesses using Excel for financial planning and analysis.
InvestmentExpand
| Sector | Business Software |
Funding
| Total funding | $103.5M |
| Last funding | $50M |
| Stage | B |
| Rounds | 7 |
| Investors | 14 |
Team Members
8
Employees: 201-500
Web & Social Links
| Website | www.datarails.com/v2 |
| Careers | Careers page |
Locations
Ha-Shlosha St 3, Tel Aviv-Yafo, Israel
Falkenstrasse 30, 8008 Zrich, Switzerland
25 West 39th Street, New York, NY, USA
Photos & Videos
5 item(s)
DataRails Business
Business models
B2B
Product stage
Released
Employees
201-500
Sector
Business SoftwareIT, R&D & Data SolutionsData Analysis & Decision SupportTarget Customer
Financial ServicesFinancial InstitutionsRegulationComplianceEnterprise & Professional ServicesCore Technology
Platforms & InterfacesWebTags (11)
financeenterprisesenterprise-solutionsbpmbusiness-intelligencedata-managementfile-sharingweb-platformcloud-basedbusiness-managementregulationGeographic Markets
IsraelUnited StatesDataRails Financials
$103.5M
Total funding
Undisclosed
Capital raised
$50M
Last funding
B
Funding stage
7
Total rounds
14
Investors
Cumulative Funding Raised Over Time ($)
$18.5MApr 2021
$24.5MJul 2017
$25.5MJun 2015
$28.5MJun 2018
$53.5MJun 2021
$103.5MMar 2022
Private Equity Funding
B Round
Mar 2022
$50M
Qumra Capital (Lead)
,
Icon Ventures, Innovation Endeavors, La Maison Partners, Claltech, Oren Zeev, HORIZON CAPITAL, Vertex Ventures Israel, Titan Capital Partners, Vintage Investment Partners
A Round
Jun 2021
$25M
Vintage Investment Partners, Vertex Ventures Israel, Oren Zeev, Innovation Endeavors
A Round
Apr 2021
$18.5M
Oren Zeev (Lead)
,
Vertex Ventures Israel, Innovation Endeavors
A Round
Jun 2018
$3M
Innovation Endeavors, Koby Lif
A Round
Jul 2017
$6M
HORIZON CAPITAL, Joey Low, Cyrus Venture Partners, Vertex Ventures Israel
Seed
Jun 2015
$1M
Oded Caspi
Non-Equity Funding
GrantEvent
Mar 2016
Undisclosed
DataRails Lifecycle
Cumulative Funding Raised Over Time
$18.5MApr 2021
$24.5MJul 2017
$25.5MJun 2015
$28.5MJun 2018
$53.5MJun 2021
$103.5MMar 2022
All Events
B Round
Mar 2022
$50M
Qumra Capital (Lead)
,
Icon Ventures, Innovation Endeavors, La Maison Partners, Claltech, Oren Zeev, HORIZON CAPITAL, Vertex Ventures Israel, Titan Capital Partners, Vintage Investment Partners
A Round
Jun 2021
$25M
Vintage Investment Partners, Vertex Ventures Israel, Oren Zeev, Innovation Endeavors
A Round
Apr 2021
$18.5M
Oren Zeev (Lead)
,
Vertex Ventures Israel, Innovation Endeavors
A Round
Jun 2018
$3M
Innovation Endeavors, Koby Lif
A Round
Jul 2017
$6M
HORIZON CAPITAL, Joey Low, Cyrus Venture Partners, Vertex Ventures Israel
Seed
Jun 2015
$1M
Oded Caspi
GrantEvent
Mar 2016
Undisclosed
DataRails News
16 articles
growth-positive
/PRNewswire/ -- Datarails today announced it ranked 92 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media,...
Datarails has been ranked 92nd on the Deloitte Technology Fast 500 list, showcasing a remarkable 1372% revenue growth attributed to high demand for its Excel-native FP&A planning and AI innovations. The companys CEO, Didi Gurfinkel, attributes this success to the alignment of their product with the needs of finance teams, combining Excels flexibility with advanced analytics and AI. The strong customer support has turned clients into advocates, further driving adoption across industries. This marks Datarails second consecutive year on the list, highlighting its consistent growth and innovation in the fintech sector. The Deloitte Technology Fast 500 recognizes the fastest-growing technology companies in North America based on revenue growth over a three-year period.
Customers
growth-positive
Office Tour: Datarails Offices - Tel Aviv
Datarails, a data management platform, has collaborated with Switchup to design a new office space in Tel Aviv. The office design features a soothing color palette with vibrant furniture and breakout areas for employee well-being. The open workspace concept, custom-designed workstations, and glass-walled meeting rooms align with Datarails values of openness and collaboration. The communal kitchen area features a striking color block design, stimulating conversations and interactions among employees. The new office space blends serenity and vibrancy, creating a focused and productive work environment.
Expand
growth-negative
DataRails lays off 18% of team | CTech
DataRails, a financial planning and analysis platform for Excel users, is laying off 18% of its workforce, including 30 employees. Most of the layoffs are sales and technical support staff based in the U.S. The company aims to reach profitability and has cut its marketing budget. DataRails recently raised $50 million in Series B funding, led by Qumra Capital and including new investors La Maison Partners and ClalTech. The company, founded in 2015, has raised $105 million to date.
Layoffs
growth-positive
הסטארט-אפ דאטהריילס מגייס 200 עובדים -
Israeli start-up DataRails, which develops a platform for financial analysis and planning for Excel users in finance departments, plans to double its size and recruit 200 new employees in various roles throughout the year. The recruitment of employees in various development, product, finance, creative, sales and customer management roles is intended for the further development of the companys platform. DataRails was founded in 2015 and has so far raised $105 million, nearly half of which was raised about a month ago in a funding round led by growth fund Comerica Capital.
Expand
growth-positive
Israeli financial planning co DataRails raises $50m
DataRails, an Israeli financial planning and analysis platform for Excel users, has completed a $50 million Series B financing round led by Qumra Capital. The company has raised a total of $103 million to date. DataRails plans to use the funding to invest in R&D, sales and marketing, and expand its customer base globally. The companys revenue has increased fivefold over the past year, with an Annual Recurring Revenue (ARR) approaching $10 million. DataRails provides a cloud-based centralized database that enhances Excel for small and medium-sized businesses, allowing real-time consolidation of financial and operational data. The company aims to address the pain points of manual work, broken processes, and scattered data experienced by businesses using Excel for financial planning and analysis.
InvestmentExpand
growth-positive
DataRails Continues Post-Series A Executive Dream Team Hiring Spree
DataRails, a software solution for financial planning and analysis, has strengthened its executive team with new hires. The company recently completed a Series A round, raising $53.5 million in funding. The latest addition to the team is David Rosenburg, who brings experience in data analytics and customer-facing leadership. DataRails aims to solve the challenges faced by finance teams using Excel spreadsheets, offering a software product that allows for data consolidation and processing. The company estimates that dysfunctional financial reporting will cost US businesses $7.8 billion in 2022. DataRails plans to have 1300 customers by the end of 2022.
Management Changes
growth-positive
"Globes" names 2021s "Most Promising Israeli Startups"
DataRails, a startup that turns Excel spreadsheets into a financial planning and analysis system, has been ranked as the top startup in Israel in 2021 by 63 venture capital firms. The ranking excluded companies that have already reached a valuation of $1 billion or more. The second and third spots were taken by Connecteam, a workforce management solution company, and StreamElements, a platform connecting web broadcasters with major brands. The article was published on December 7, 2021.
Customers
growth-positive
#1 Other startups want to replace Excel - DataRails makes it better
DataRails is a start-up that aims to upgrade working in Excel for CFOs and financial departments of medium-sized businesses. The companys solution automatically extracts data from various systems within the organization into a unified database in the cloud, enabling real-time analysis and providing clear visualizations in Excel. DataRails has registered three patents on algorithms that can identify and analyze unstructured data from Excel. The company has found success in its niche market and serves hundreds of customers across various sectors. In 2020, DataRails had a breakthrough with the launch of its current product. The company has received $53 million in funding, including investments from Vertex Ventures Israel, Zeev Ventures Fund, Vintage Investment Partners, and Innovation Endeavors. DataRails plans to expand to slightly larger enterprises and the European market.
CustomersInvestment
growth-positive
DataRails bolsters executive team with four new hirings
DataRails, an Israeli startup that provides next-gen financial reporting for SMEs, has announced the appointment of four new executives to its team. The company has hired a new CFO, VP of Sales, VP of Marketing, and VP of Product to support its continued growth. The appointments come after a recent Series A funding round of $43.5 million and the companys doubling of its valuation and customer base. DataRails offers a platform that automates the process of consolidating, analyzing, and reporting financial data. The new executive hires are expected to help the company achieve market leadership in the financial planning and analytics space for small and medium-sized businesses.
Management Changes
growth-positive
Israeli financial planning co DataRails raises $25m
DataRails, an Israeli financial planning company for SMEs, has completed a $25 million Series A extension financing round. The funding will be used to manage the companys rapid expansion, as it has doubled in valuation and its customer base within four months. DataRails offers a cloud-based platform that automates financial data consolidation, analysis, and reporting without changing the way users work. The company plans to expand its reach in North America and the UK and hire new recruits to meet the rising demand for its FP&A solution.
InvestmentExpand
growth-positive
DataRails, which automates financial reporting for Excel users, nabs $18.5M
Israeli startup DataRails has raised $18.5 million in funding to enhance its enterprise integrations and AI capabilities. The company aims to help businesses understand their financial data more quickly and accurately. DataRails offers an elastic database technology that transforms spreadsheets into a structured database, leveraging AI and machine learning algorithms. The platform can be accessed through Microsoft Excel and PowerPoint or a dedicated web interface. DataRails can also integrate data from various sources, including ERP, CRM, and HRIS systems. The funding round was led by Zeev Ventures Fund, Vertex Ventures Israel, and Innovation Endeavors.
Investment
growth-positive
DataRails raises $18.5 million led by Oren Zeev to expand financial planning solutions
Israeli startup DataRails has raised $18.5 million in an investment round led by Oren Zeevs Zeev Ventures. The companys financial planning and analysis system for enterprise companies helped it increase its annual recurring revenue fivefold in 2020. DataRails aims to assist finance departments in creating financial reports, budgets, forecasts, and management reports by transforming Excel spreadsheets into a smart and powerful system connected to the organizational data infrastructure. The funding will be used to accelerate the companys growth.
InvestmentExpand
growth-positive
Israeli financial analysis co DataRails raises $18.5m
DataRails, an Israeli financial planning and analysis company, has completed an $18.5 million financing round led by Zeev Ventures. The companys total funding now stands at $28.5 million. DataRails has developed a technology that automates Excel-based organizational processes in finance departments, providing transparency and efficiency. The funding will be used to accelerate the companys growth. DataRails saw a five-fold increase in annual recurring revenue in 2020 after the launch of their new product, which offers an enterprise-level financial planning and analytics solution for CFOs at small to medium-sized businesses. The company aims to bridge the gap between Excel-based processes and cloud-based solutions for FP&A tasks.
Investment
DataFox data management and predictive intelligence Oracle
growth-positive
DataRails Wins 2018 Red Herring Top 100 Award
DataRails, the spreadsheet management platform for enterprise companies, has won the Red Herring Top 100 Europe award. The award recognizes Europes leading private companies and celebrates startups innovations and technologies across their respective industries. DataRails innovative technology is reshaping the way enterprise companies around the globe harness the power of data. The company is honored and delighted to be recognized for helping companies reimagine their spreadsheets. The Red Herring Top 100 Europe award is a mark of distinction for identifying promising new companies and entrepreneurs. DataRails was evaluated on quantitative and qualitative criteria, such as financial performance, technological innovation, management quality, overall business strategy, and market penetration.
Investment
growth-positive
Spreadsheet management co DataRails raises $6m
Israeli spreadsheet management startup DataRails has raised $6 million in a series A financing round led by Vertex Ventures. The funding brings DataRails total funding to date to $7 million. The company will use the money to open offices in New York, strengthen product development, and build its worldwide customer portfolio. DataRails upgrades Excel into a smart spreadsheet management and organizational tool, solving the problem of working with Excel spreadsheets. Its solution extracts and analyzes complex data from Excel files, converting it into structured information that can be entered into a cloud database. Users can consolidate data, view changes over time, and compare Excel documents. DataRails has experienced rapid customer acquisition and excitement for its product among users.
InvestmentExpand
DataRails Team
Employee Info
| Employees (range) | 201-500 |
| Exact count | 340 |
| Team members | 8 |
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DataRails Internal
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Admin Info
| Confidence | 101/100 |
| Missing | markets |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 515258333 |
| Crunchbase | datarails |
| Creator | Yanina Wainscheinker |
| Creator email | yanina.wain@gmail.com |
| Last updater | Dana Arnon |
| Updater email | dana.arnon@mail.huji.ac.il |
| Last update | 2022-12-20T00:00:00.000Z |
| Created | 2016-04-26T00:00:00.000Z |
| Claimed | Yes |