Datarails
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| Industry | Software |
|---|---|
| Founded | 2015 |
| Founders | Didi Gurfinkel, Eyal Cohen, Oded Har-Tal |
| Headquarters | New York and Tel Aviv[1] |
| Website | datarails |
Datarails (Hebrew: דאטה ריילס) is a New York-based[2] multinational software development company. They are also incorporated in Delaware[3] and maintain an office in Tel Aviv, Israel.[4] It is a financial planning and analysis (FP&A) platform for Microsoft Excel users.[5][6][7]
History
[edit]Datarails was founded in Israel in 2015 by Didi Gurfinkel (CEO), Eyal Cohen (COO) and Oded Har-Tal (CTO).[8][9][10]
In June 2021, the company had raised US$55 million in Series A funding from investors Zeev Ventures, Vertex Ventures, Innovation Endeavors, and Vintage Investment Partners. It completed its Series B in March 2022 and raised another $50 million from Qumra Capital, La Maison Partners, and Claltech.[11][12][13][14]
In December 2022 the Datarails laid off 18% of its team.[15]
Product and services
[edit]The software is one of many FP&A solutions.[16] It automates data consolidation and financial reporting and provides workflows, templates, and data visualization that facilitate budgeting, forecasting, scenario modeling and financial analysis.
Controversy
[edit]The company has been accused of unethical marketing tactics. In August of 2024 BBB National Programs’ National Advertising Division recommended that Datarails, Inc. clearly and conspicuously disclose its material connection to The Finance Weekly website where endorsement, rankings, and reviews appear.[17]
Awards
[edit]In October, 2022, Datarails won The Most Promising Startup Award in the category of B2B and Cybersecurity from tech news site The Information.[18]
In November 2024, Datarails was ranked at 92nd in the Deloitte Technology Fast 500 growing company in North America.[19]
References
[edit]- ^ https://www.datarails.com/datarails-wins-3-duns-100-employee-awards/
- ^ https://www.datarails.com/wp-content/uploads/2024/12/Terms-of-Service-1.pdf
- ^ https://www.datarails.com/wp-content/uploads/2024/12/Terms-of-Service-1.pdf
- ^ https://www.datarails.com/company/
- ^ "Datarails wants to revolutionize the CFO's office with automation". 10 March 2022.
- ^ "הסטארטאפ DataRails מגייס 200 עובדים". 11 April 2022.
- ^ "DataRails closes $50M in Series B, continuing Cloud-tech's progress". The Jerusalem Post | Jpost.com.
- ^ "How One Business Transforms Everyday Spreadsheets Into Sophisticated Financial-Planning Tools". MSN.
- ^ "Israeli financial planning co Datarails raises $50m". Globes. 3 October 2022.
- ^ "חברת הסטארטאפ DataRails מתרחבת עם מינוי ארבעה מנהלים בכירים". 21 October 2021.
- ^ "DataRails raises $50M to boost financial analytics and other tools for Excel spreadsheet acolytesexcel/". 10 March 2022.
- ^ "CFOs cling to spreadsheets despite their limits as FP&A tool".
- ^ "DataRails books $25M more to build better financial reporting tools for SMBs". 21 June 2021.
- ^ "DataRails doubles in value, raises an additional $25 million in Series A extension". 21 June 2021.
- ^ "DataRails lays off 18% of team". ctech. 2022-12-05. Retrieved 2024-07-07.
- ^ "Best FP&A Software for 2024".
- ^ "National Advertising Division Recommends Datarails Disclose Material Connection to The Finance Weekly Website for Endorsement, Rankings, and Reviews".
- ^ "Datarails Wins The Most Promising B2B Startup Award for 2022". Qumra Capital. Retrieved 2025-02-23.
- ^ "2024 Technology Fast 500 Award Winners". Deloitte United States. Retrieved 2025-02-23.