Numeral Raises $100 Million Series C to Expand AI-Powered Tax Compliance Across Industries
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Numeral, the AI-powered sales tax compliance platform, today announced a $100 million Series C led by Insight Partners, with participation from Salesforce Ventures, Geodesic, Benchmark, Mayfield, FCVC, Y Combinator and Uncork. Numeral will use the funding to accelerate product development, expand its offering for industries including software, manufacturing, distribution and wholesale, and grow its team across engineering, sales, marketing, and product. Sales tax rules are continuing to evolve alongside the ways companies buy and sell. California, for example, recently enacted a law that will extend sales and use tax to prewritten software, including SaaS and software delivered electronically or accessed remotely, beginning in 2027. For companies operating across states and countries, changes like these create a constant need to monitor new obligations and update their systems accordingly. "Sales tax has become a much bigger operational challenge as companies grow across markets, systems and business models," said Sam Ross, co-founder and CEO of Numeral. "Businesses need infrastructure that can keep pace as rules and requirements change across jurisdictions, without adding more manual work for their teams. We're building Numeral to provide that foundation, backed by tax expertise and service that customers can rely on." The investment comes at a time of significant momentum...
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