Artificial intelligence-native financial platform Datarails Ltd. said today it has closed on a $70 million Series C funding round that brings its total amount raised to more than $175 million.

The round was led by the growth equity investor One Peak and saw participation from a host of other backers, including Vertex Growth, Vintage Investment Partners, Zeev Ventures, Innovation Endeavors, ClalTech and Qumra Capital.

Datarails is the creator of an operating system and multiproduct platform called FinanceOS. As the name suggests, it aims to provide a kind of operating system for chief financial officers and finance teams in large organizations.

The startup’s pitch is that 99% of finance professionals currently spend around three hours of their data buried in Excel spreadsheets, thanks to the siloed nature of critical workflows such as financial planning and analysis, month-end close and spend control. That means they’re inevitably wasting hours each day on cumbersome manual tasks, which means they have less time available to focus on strategic analysis.

This is what Datarails wants to change, and it does it in a way that lets finance teams maintain the familiarity and flexibility of the Excel environments they’re so accustomed to. Datarails lets finance teams continue using Excel, but none of these documents sits in fragmented silos. Instead, FinanceOS makes sure they’re all linked together, acting as a kind of financial nerve center. The platform connects to existing enterprise resource management, customer relationship management and human resource management systems to serve as a single source of truth for all things finance, enabling teams to consolidate data from them all.

Datarails co-founder and Chief Executive Didi Gurfinkel (pictured, center) said AI serves as an equalizer for finance teams. “This is why we’ve made it the foundation of the CFO’s office, rather than just a feature,” he said. “CFOs are asking: ‘How can I transform our processes and workflows in the AI era?’ By giving them a single source of truth that powers AI-driven insights across every critical workflow, we’re not only answering that question but also transforming their entire function.”

Today’s round follows a period of rapid growth for Datarails, which grew its revenue by more than 70% in the last year while doubling the size of its team to more than 400 employees globally in 2025.

To coincide with today’s round, Datarails is launching its first set of AI agents today, focused on tasks such as strategy, planning and reporting. Financial professionals will be able to ask these agents conversational questions, such as “what’s driving our profitability changes this year?” and the agents will instantly dig into the available data in search of the answer. Once they’ve found it, they’ll generate PowerPoint presentations, PDFs or Excel files – whatever’s best to visualize the answer. Alternatively, they can just explain things in a conversational manner.

The round was led by the growth equity investor One Peak and saw participation from a host of other backers, including Vertex Growth, Vintage Investment Partners, Zeev Ventures, Innovation Endeavors, ClalTech and Qumra Capital.

Datarails will use the funds from today’s round to accelerate its expansion across North America, Europe, the Middle East and Africa and increase its research and development budget. It’ll also look at making strategic acquisitions over the coming months.

One Peak co-founder and Managing Director David Klein said Datarails has uniquely cracked the code for what finance teams need from AI. “Its Excel-native approach is brilliant because it meets CFOs where they already work, while the multiproduct strategy demonstrates the kind of ambitious, category-defining vision we look for,” he said.

Image: Datarails