Drivetrain AI, a monetary planning and monitoring platform for rising companies and enterprises, introduced elevating $15 million in a Sequence A spherical, which noticed participation from Elevation Capital, Jungle Ventures, and Enterprise Freeway. In addition to, almost 25 angel traders, advisors, founders, and C-Suite executives at know-how corporations additionally contributed to the funding spherical.
The HNIs within the spherical embody Akshay Kothari (Notion), former Google government Amit Singhal, Khadim Batti and Amit Sharma (Co-founders of Whatfix), Krish Subramanian and Karthik Srinivasan (Co-founders of Chargebee), and Kushal Nahata (Founding father of FarEye).
The US-headquartered firm will utilise the funds to broaden its go-to-market workforce and for product improvement.
Drivetrain AI was based in 2021 by Alok Goel (ex-Companion at Elevation Capital), Tarkeshwar Thakur (former VP of Engineering at Freshworks), and Saurav Bhagat (ex-VC of Investments at Elevation Capital).
The Software program-as-a-Service (SaaS) platform helps finance groups construct built-in enterprise plans, budgets, and forecasts, and tracks the progress in opposition to targets. The cloud-based SaaS platform can combine knowledge from over 200 generally used enterprise instruments, together with Salesforce, Netsuite, Quickbooks, Workday, and Looker, throughout CRM, ERP, and HRMS capabilities.
“Drivetrain helps construct plans, informs you whether or not you’re on monitor, and simplifies course correction. Many leaders handle their enterprise plans and multi-million-dollar budgets on spreadsheets which are cumbersome and error-prone,” mentioned Alok Goel, Co-founder and CEO, Drivetrain.
He added, “Gauging what you are promoting well being in real-time and making use of course corrections is unattainable on spreadsheets. As an alternative, with Drivetrain, you can also make higher assured choices in days, not months—a key strategic benefit.”
He instructed YourStory that the platform labored with mid-market and enterprise-stage corporations with an Annual Recurring Income (ARR) starting from $5 million to $100 million.
“At present, finance groups spend as much as 4 weeks each quarter monitoring key enterprise metrics and producing studies for his or her stakeholders. You possibly can’t make choices on such stale knowledge. Drivetrain allows these corporations to consolidate their knowledge and get insights in close to real-time. This helps them focus extra on forward-looking questions throughout board conferences,” mentioned Deepak Gaur, Companion at Elevation Capital, within the assertion.
In line with the corporate’s web site, a few of Drivetrain AI’s prospects embody digital adoption platform, supply administration platform , and gross sales readiness platform .