Company:Datarails

From HandWiki
Datarails
TypePrivately held company
IndustrySoftware
Founded2015; 11 years ago (2015)
FoundersDidi Gurfinkel, Eyal Cohen, and Oded Har-Tal
Headquarters
Tel Aviv
,
Israel
Websitedatarails.com

Datarails is an Israeli multinational software development company. It is a financial planning and analysis (FP&A) platform for Microsoft Excel users.[1][2][3][4] Based in Tel Aviv, Israel Datarails is also incorporated in Delaware.[5]

History

Datarails was founded in 2015 by Israeli tech veterans Didi Gurfinkel (CEO), Eyal Cohen (COO) and Oded Har-Tal (CTO).[6][7][8]

In June 2021, the company had raised US$55 million in Series A funding led by Israeli investor Zeev Ventures who was joined by Vertex Ventures, Innovation Endeavors, and Vintage Investment Partners. It completed its Series B in March 2022 and raised another $50 million led by Israel's Qumra Capital who were joined by La Maison Partners, and Claltech.[9][10][11][12]

In December 2022 Datarails laid off 18% of its team.[13] But by 2025 Datarails doubled the size of its team to more than 400 employees[14]

In January 2026, Datarails closed on a $70 million Series C funding round, bringing its total amount raised to more than $175 million.[4]

Product and services

Datarails uses AI and machine learning to support real-time financial consolidation and data visualization,[15] It has integrated AI tools within its platform to enhance the speed of compiling financial analysis.[16] The company holds patents for its Excel-to-database transformation technology.[17] The software is one of many FP&A solutions.[18]

In 2024, Datarails launched a Cash Management solution for CFOs.[19] Datarails is also the creator of FinanceOS, an operation system for finance teams in large organizations.[4]

In 2026, the company's launched new Strategy, Planning, and Reporting AI Finance Agents promise to answer complex financial questions with fully formatted assets. [20]

Controversy

In August 2024 BBB National Programs’ National Advertising Division recommended that Datarails clearly and conspicuously disclose its material connection to The Finance Weekly website where endorsement, rankings, and reviews appear.[21]

Recognition

In October, 2022, Datarails won The Most Promising Startup Award in the category of B2B and Cybersecurity from tech news site The Information.[22]

In November 2024, Datarails was ranked at 92nd in the Deloitte Technology Fast 500 growing company in North America.[23] In 2025, Datarails was ranked 113th in the Deloitte Technology Fast 500. [24]

In 2023, Datarails was listed by Inc. as one of America's Fastest-Growing Companies,[25] and a Power Partner.[26]

Publications

Datarails releases several annual reports such as The CFO's Office 2.0 which has been cited in news sites including Financial Times,[27] Fortune,[28] and Forbes.[29]

Datarails’ annual CFO Sentiments survey is also released annually and has been covered by media including CFO Dive.[30]

References

  1. ↑ "Datarails wants to revolutionize the CFO's office with automation". 10 March 2022. https://venturebeat.com/2022/03/10/datarails-wants-to-revolutionize-the-cfos-office-with-automation/. 
  2. ↑ "הסטארטאפ DataRails מגייס 200 עובדים". 11 April 2022. https://finance.walla.co.il/item/3500079. 
  3. ↑ "DataRails closes $50M in Series B, continuing Cloud-tech's progress". The Jerusalem Post | Jpost.com. https://www.jpost.com/business-and-innovation/banking-and-finance/article-701132. 
  4. ↑ 4.0 4.1 4.2 Mike Wheatley (January 21, 2026). "Datarails raises $70M to inject AI smarts into Excel-based finance". https://siliconangle.com/2026/01/21/datarails-raises-70m-inject-ai-smarts-excel-based-finance/. 
  5. ↑ "Datarails Terms of Service". Datarails. May 2024. https://www.datarails.com/wp-content/uploads/2024/12/Terms-of-Service-1.pdf. 
  6. ↑ "How One Business Transforms Everyday Spreadsheets Into Sophisticated Financial-Planning Tools". https://www.msn.com/en-us/money/smallbusiness/how-one-business-transforms-everyday-spreadsheets-into-sophisticated-financial-planning-tools/ar-AAVTmrz?li=BBnb7Kz. 
  7. ↑ "Israeli financial planning co Datarails raises $50m". Globes. 3 October 2022. https://en.globes.co.il/en/article-israeli-financial-planning-co-datarails-raises-50m-1001405166. 
  8. ↑ "חברת הסטארטאפ DataRails מתרחבת עם מינוי ארבעה מנהלים בכירים". 21 October 2021. https://finance.walla.co.il/item/3466535. 
  9. ↑ "DataRails raises $50M to boost financial analytics and other tools for Excel spreadsheet acolytesexcel/". 10 March 2022. https://techcrunch.com/2022/03/10/datarails-50-million-excel/. 
  10. ↑ "CFOs cling to spreadsheets despite their limits as FP&A tool". https://www.cfodive.com/news/cfos-cling-to-spreadsheets-despite-their-limits-as-fpa-tool/622140/. 
  11. ↑ "DataRails books $25M more to build better financial reporting tools for SMBs". 21 June 2021. https://techcrunch.com/2021/06/21/datarails-books-25m-more-to-build-better-financial-reporting-tools-for-smbs/. 
  12. ↑ "DataRails doubles in value, raises an additional $25 million in Series A extension". 21 June 2021. https://www.calcalistech.com/ctech/articles/0,7340,L-3910609,00.html. 
  13. ↑ "DataRails lays off 18% of team" (in en). 2022-12-05. https://www.calcalistech.com/ctechnews/article/s1ka1tjvj. 
  14. ↑ "Datarails raises $70M to inject AI smarts into Excel-based finance" (in en-US). 2026-01-21. https://siliconangle.com/2026/01/21/datarails-raises-70m-inject-ai-smarts-excel-based-finance/. 
  15. ↑ Adebayo, Kolawole Samuel (2022-03-10). "DataRails wants to revolutionize the CFO's office with automation" (in en-US). https://venturebeat.com/data-infrastructure/datarails-wants-to-revolutionize-the-cfos-office-with-automation/. 
  16. ↑ "Datarails rolls out ChatGPT-style FP&A tool | CFO Dive" (in en-US). https://www.cfodive.com/news/datarails-rolls-out-chatgpt-style-fpa-tool/688445/. 
  17. ↑ "Google Patents". https://patents.google.com/?assignee=Datarails+Ltd. 
  18. ↑ "Best FP&A Software for 2024". https://www.venasolutions.com/blog/best-fpa-software. 
  19. ↑ "Cash Management" (in en-US). https://www.datarails.com/cash-management/. 
  20. ↑ Franzen, Carl (21 January 2026). "CFOs are now getting their own 'vibe coding' moment thanks to Datarails". Venture Beat. https://venturebeat.com/data/cfos-are-now-getting-their-own-vibe-coding-moment-thanks-to-datarails. 
  21. ↑ "National Advertising Division Recommends Datarails Disclose Material Connection to The Finance Weekly Website for Endorsement, Rankings, and Reviews". https://staging.bbbprograms.org/media/newsroom/decisions/datarails. 
  22. ↑ "Datarails Wins The Most Promising B2B Startup Award for 2022". https://qumracapital.com/news/datarails-wins-the-most-promising-b2b-startup-award-for-2022/. 
  23. ↑ "2024 Technology Fast 500 Award Winners" (in en-us). https://www2.deloitte.com/us/en/pages/technology-media-and-telecommunications/articles/fast500-winners.html. 
  24. ↑ Deloitte Fast 500 Rankings. "Deloitte". https://www.deloitte.com/content/dam/assets-zone3/us/en/docs/services/deloitte-private/2025/us-2025-technology-fast-500-rankings.pdf. 
  25. ↑ "Inc. 5000 2023: Meet the Fastest Growing Private Companies in America" (in en). Inc.com. https://www.inc.com/inc5000/2023. 
  26. ↑ "Datarails at INC. Power Partner". https://www.inc.com/profile/datarails. 
  27. ↑ Temple-West, Patrick (2024-12-24). "US chief executives are leaving the corner office in record numbers". Financial Times. https://www.ft.com/content/62996a5c-3424-4e56-8269-bcd3db7ae149. 
  28. ↑ Estrada, Sheryl. "27% of job listings for CFOs now mention AI" (in en). https://fortune.com/2025/02/18/27-percent-job-listings-cfos-now-mention-ai/. 
  29. ↑ Poinski, Megan. "Companies Want CFOs Who Can Use AI And Develop Long-Term Strategy" (in en). https://www.forbes.com/sites/cfo/2024/06/04/companies-want-cfos-who-can-use-ai-and-develop-long-term-strategy/. 
  30. ↑ "AI's coming for finance jobs, CFOs expect: Datarails | CFO Dive" (in en-US). https://www.cfodive.com/news/ais-coming-for-finance-jobs-cfos-expect-datarails/733289/. 



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