Trullion Overview
Trullion is an AI-powered accounting platform that automates financial workflows for accounting and audit teams. For accountants, Trullion ingests source data and automats the creation of financial entries for compliance. For auditors, Trullion ingests financial reports and automats audit testing workflows to ensure accuracy and compliance. By empowering both accounting and audit teams, we’re leveraging AI to unlock a new level of transparency in the financial world.
Cumulative Funding Raised Over Time ($)
$15.0MApr 2023
$30.0MFeb 2022
$33.5MMar 2021
Latest News
growth-positive
Maron brings over 15 years of experience in managing development teams and scaling technology systems.
Trullion, an AI-powered platform focused on automating financial workflows, has appointed Shai Maron as the Senior Vice President of Research & Development. Maron, with over 15 years of experience in technology management, will lead the companys R&D direction and product expansion. His previous roles include VP of R&D at Waycare and SVP & GM at Rekors Israeli development center. Trullions platform aids accounting and audit teams by automating financial entries and audit testing workflows, ensuring accuracy and compliance. This strategic appointment is expected to bolster Trullions growth and innovation in the financial technology sector.
Management Changes
Growth-Positive
Most promising Israeli startups: 5 enterprise software companies to watch in 2024 | CTech
Five Israeli enterprise software startups, Trullion, Frontegg, Volumez, Bridgewise, and Port, have been highlighted for their growth and potential. Trullion, which provides automation solutions for accounting, has seen significant growth, with an annual revenue rate of over $10 million. Frontegg, founded by former Check Point employees, offers a platform that simplifies the management of customer identities and user access. Volumez is a cloud data orchestration SaaS that accelerates digital transformation. Bridgewise provides AI-driven investment analysis for financial institutions and has operations in over 15 countries. Port offers a developer portal that simplifies routine developer and DevOps tasks.
InvestmentCustomersPartners
growth-positive
How is Trullion taking accounting into the age of AI? | CTech
Trullion, a startup that offers automation solutions for corporate controllers and auditors, is set to revolutionize the accounting sector with its AI technology. Co-Founder and CTO Amir Boldo believes that the role of accountants, which is based on rules, can be automated better by a computer. The company, which was established in 2019 with $35 million in funding, was ranked second on Israel’s ‘Most Promising Startups of 2024’ list. Boldo acknowledges that while there is some fear of new technology in the conservative accounting market, there is also an understanding that they must become more efficient.
Investment
growth-positive
Trullion raises an additional $15 million to expand AI-powered accounting platform | CTech
Trullion, an Israeli startup that develops corporate accounting software, has raised an additional $15 million in its Series A funding round. The funding was led by Stepstone Group and included participation from existing investors Aleph, Third Point Ventures, and Greycroft. Trullions AI-powered accounting platform automates financial workflows for CFOs, accountants, and auditors. The company plans to use the funding to accelerate the growth of its AI-based applications and develop two new modules supporting audit and revenue recognition. Trullions current annual revenue is estimated at $10 million, and it intends to expand its team after already doubling its size to 60 employees over the past year.
InvestmentExpand
growth-positive
Trullion secures $15 million Series A for AI-accounting platform
Israeli startup Trullion has closed $15 million in Series A funding for its financial automation platform. The platform uses AI to extract data from source documents and automate workflows for accounting teams. The funding will be used to hire across various roles and accelerate product development. Trullion works with major accounting firms and supports both US GAAP and IFRS. The company aims to set new standards for the accounting and finance industry.
InvestmentExpand
| Sector | Business Software |
Funding
| Total funding | $33.5M |
| Last funding | $15M |
| Stage | A |
| Rounds | 3 |
| Investors | 9 |
Team Members
2
Employees: 51-200
Web & Social Links
| Website | trullion.com |
| Careers | Careers page |
Locations
Ben Avigdor St 19, Tel Aviv-Yafo, Israel
154 W 14th St, New York, NY 10011, USA
Photos & Videos
1 item(s)
Trullion Business
Business models
B2B
Product stage
Released
Employees
51-200
Sector
Fintech & InsurtechFinancial Operations SoftwareBusiness SoftwareOperations SolutionsTarget Customer
Financial ServicesAccountingEnterprise & Professional ServicesEnterprisesInformation & Document ManagementCore Technology
Artificial IntelligenceMachine LearningPlatforms & InterfacesWebTags (8)
ocrsoftware-applicationsmachine-learningartificial-intelligenceweb-platformenterprise-solutionsaccountingfintechTrullion Financials
$33.5M
Total funding
Undisclosed
Capital raised
$15M
Last funding
A
Funding stage
3
Total rounds
9
Investors
Cumulative Funding Raised Over Time ($)
$15.0MApr 2023
$30.0MFeb 2022
$33.5MMar 2021
Private Equity Funding
A Round
Apr 2023
$15M
StepStone Group (Lead)
,
Greycroft, Third Point Ventures, Aleph
A Round
Feb 2022
$15M
Aleph (Lead)
,
Guzel Lumpkin, Third Point Ventures, Bob Mylod, Greycroft, Jody Padar, Artie Minson
Seed
Mar 2021
$3.5M
Greycroft (Lead)
,
Aleph, Verissimo Ventures
Trullion Lifecycle
Cumulative Funding Raised Over Time
$15.0MApr 2023
$30.0MFeb 2022
$33.5MMar 2021
All Events
A Round
Apr 2023
$15M
StepStone Group (Lead)
,
Greycroft, Third Point Ventures, Aleph
A Round
Feb 2022
$15M
Aleph (Lead)
,
Guzel Lumpkin, Third Point Ventures, Bob Mylod, Greycroft, Jody Padar, Artie Minson
Seed
Mar 2021
$3.5M
Greycroft (Lead)
,
Aleph, Verissimo Ventures
Trullion News
9 articles
growth-positive
Maron brings over 15 years of experience in managing development teams and scaling technology systems.
Trullion, an AI-powered platform focused on automating financial workflows, has appointed Shai Maron as the Senior Vice President of Research & Development. Maron, with over 15 years of experience in technology management, will lead the companys R&D direction and product expansion. His previous roles include VP of R&D at Waycare and SVP & GM at Rekors Israeli development center. Trullions platform aids accounting and audit teams by automating financial entries and audit testing workflows, ensuring accuracy and compliance. This strategic appointment is expected to bolster Trullions growth and innovation in the financial technology sector.
Management Changes
Growth-Positive
Most promising Israeli startups: 5 enterprise software companies to watch in 2024 | CTech
Five Israeli enterprise software startups, Trullion, Frontegg, Volumez, Bridgewise, and Port, have been highlighted for their growth and potential. Trullion, which provides automation solutions for accounting, has seen significant growth, with an annual revenue rate of over $10 million. Frontegg, founded by former Check Point employees, offers a platform that simplifies the management of customer identities and user access. Volumez is a cloud data orchestration SaaS that accelerates digital transformation. Bridgewise provides AI-driven investment analysis for financial institutions and has operations in over 15 countries. Port offers a developer portal that simplifies routine developer and DevOps tasks.
InvestmentCustomersPartners
growth-positive
How is Trullion taking accounting into the age of AI? | CTech
Trullion, a startup that offers automation solutions for corporate controllers and auditors, is set to revolutionize the accounting sector with its AI technology. Co-Founder and CTO Amir Boldo believes that the role of accountants, which is based on rules, can be automated better by a computer. The company, which was established in 2019 with $35 million in funding, was ranked second on Israel’s ‘Most Promising Startups of 2024’ list. Boldo acknowledges that while there is some fear of new technology in the conservative accounting market, there is also an understanding that they must become more efficient.
Investment
growth-positive
Trullion raises an additional $15 million to expand AI-powered accounting platform | CTech
Trullion, an Israeli startup that develops corporate accounting software, has raised an additional $15 million in its Series A funding round. The funding was led by Stepstone Group and included participation from existing investors Aleph, Third Point Ventures, and Greycroft. Trullions AI-powered accounting platform automates financial workflows for CFOs, accountants, and auditors. The company plans to use the funding to accelerate the growth of its AI-based applications and develop two new modules supporting audit and revenue recognition. Trullions current annual revenue is estimated at $10 million, and it intends to expand its team after already doubling its size to 60 employees over the past year.
InvestmentExpand
growth-positive
Trullion secures $15 million Series A for AI-accounting platform
Israeli startup Trullion has closed $15 million in Series A funding for its financial automation platform. The platform uses AI to extract data from source documents and automate workflows for accounting teams. The funding will be used to hire across various roles and accelerate product development. Trullion works with major accounting firms and supports both US GAAP and IFRS. The company aims to set new standards for the accounting and finance industry.
InvestmentExpand
growth-positive
AI is creating a single source of truth
The article discusses how technology and software companies are using artificial intelligence (AI) and machine learning (ML) in the accounting industry, particularly in the audit space. Trullion, a financial workflow automation platform, is mentioned as an example of a company leveraging AI and ML to improve workflows and compliance in lease accounting. The use of AI and ML can automate repetitive tasks, extract data from unstructured sources like PDF contracts, and provide real-time visibility into company financials. The article emphasizes the need for accounting firms to embrace technology and highlights the potential for AI and ML to enhance the value and efficiency of accounting and auditing practices. The impact on Trullion is growth-positive, as it positions the company as a leader in AI-driven accounting solutions.
CustomersPartners
growth-positive
Trullion Raises Seed Financing - FinSMEs
Trullion, a financial workflow automation platform, has raised an undisclosed amount in a seed funding round. The funding was co-led by Greycroft and Aleph, with participation from Verissimo Ventures and industry leaders. Trullion will use the funds to invest in talent and new financial workflows. The platform takes unstructured data such as PDFs and translates them into real-time financial reports, providing automated data entry and streamlining the accounting process. The funding round is expected to contribute to the companys growth.
InvestmentExpand
growth-positive
Ground Truth in Accounting
Trullion, a company focused on solving accounting challenges through machine learning and AI, has received a new investment led by Greycroft. They are addressing the need for ground truth and proper accounting of leases driven by regulatory changes. Trullions modern application and infrastructure provide a single source of truth for CFOs and accountants, improving audit quality and decreasing costs. The company is experiencing high demand and is recruiting in engineering and sales.
InvestmentExpand
Trullion Announces Real-Time, AI-Powered Accounting Platform, Secures Seed Financing
Trullion Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 109 |
| Team members | 2 |
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Trullion Internal
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Admin Info
| Confidence | 100/100 |
| Missing | markets |
| BI Verification | Yotam Maman |
| Registrar ID | 516251162 |
| Crunchbase | smrt |
| Creator | Jenny Sotnik-Talisman |
| Creator email | genys30@yahoo.com |
| Last updater | Jenny Sotnik-Talisman |
| Updater email | jenny.sotnik@sncentral.org |
| Last update | 2023-06-06T00:00:00.000Z |
| Created | 2020-02-08T00:00:00.000Z |
| Claimed | Yes |