Numeral raises $35M to automate sales tax with AI
Numeral, a two-year-old sales tax startup, has raised $35 million in funding, valuing the company at $350 million. The company's mission is to automate sales tax calculations using artificial intelligence (AI) technology. Numeral's platform aims to help businesses accurately calculate and file their sales taxes, reducing the administrative burden and potential for errors. The recent funding round was led by several prominent venture capital firms, indicating strong investor confidence in Numeral's technology and market potential. The startup plans to use the new capital to further develop its AI-powered sales tax solutions and expand its customer base. As more businesses seek to streamline their tax compliance processes, Numeral's automated approach could become increasingly valuable, particularly for companies operating across multiple jurisdictions with varying sales tax requirements.
Source: For the complete article, please visit the original source link below.
