AI-powered sales tax platform Numeral secures $35M funding, processed $5B transaction volume, achieved 3.5x YoY revenue growth.
In San Francisco, Numeral, an AI-driven sales tax compliance platform, revealed a Series B funding round amounting to $35 million. The investment was spearheaded by Mayfield, alongside contributions from Benchmark, Uncork Capital, Y Combinator, and Mantis. The capital injection arrives after a year marked by significant expansion for Numeral, handling more than $5 billion in transaction volume, processing 150,000 sales tax returns, and attaining a notable 3.5x year-over-year revenue growth. The complexity and expense of sales tax compliance have emerged as critical challenges for businesses.
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