Datarails

Datarails is a New York-based multinational software development company. It is an AI-powered financial planning and analysis (FP&A) platform for Microsoft Excel users.

History
Datarails was founded in 2015 by Didi Gurfinkel (CEO), Eyal Cohen (COO) and Oded Har-Tal (CTO). It is based in New York, and has offices in Israel.

On 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.

In December 2022 the Datarails laid off 18% of its team.

Product and services
The software is one of many FP&A solutions. It automates data consolidation and financial reporting and provides workflows, templates, and data visualization that facilitate budgeting, forecasting, scenario modeling and financial analysis.