Datarails

About

Datarails (Hebrew: דאטה ריילס) is an Israeli-based multinational software development company founded in 2015. It specializes in financial planning and analysis (FP&A) solutions designed specifically for Microsoft Excel users. The platform assists finance professionals by automating key functions like data consolidation, financial reporting, budgeting, and forecasting. By integrating with familiar Excel spreadsheets, Datarails enables users to manage extensive financial models effortlessly while eliminating manual processes that are often tedious and time-consuming. The core goal of Datarails is to empower finance teams, allowing them to focus more on data analysis rather than grappling with data collection and reporting tasks. The platform not only streamlines financial procedures but also enhances the accuracy of financial data and insights. Datarails has raised significant capital to continue innovating and expanding its offerings, securing $55 million in Series A funding in June 2021 followed by another $50 million in Series B funding by March 2022. Despite facing challenges, including workforce reductions of 18% in December 2022, Datarails continues to be recognized as a leading solution in the financial analytics space.