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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] Based in Tel Aviv, Israel Datarails is also incorporated in Delaware.[4]

History

[edit]

Datarails was founded in 2015 by Israeli tech veterans Didi Gurfinkel (CEO), Eyal Cohen (COO) and Oded Har-Tal (CTO).[5][6][7]

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.[8][9][10][11]

In December 2022 Datarails laid off 18% of its team.[12]

Product and services

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Datarails uses AI and machine learning to support real-time financial consolidation and data visualization,[13] It has integrated AI tools within its platform to enhance the speed of compiling financial analysis.[14] The company holds patents for its Excel-to-database transformation technology.[15]

In 2024, Datarails launched a Cash Management solution for CFOs.[16]

In 2026, the company's launched new Strategy, Planning, and Reporting AI Finance Agents promise to answer complex financial questions with fully formatted assets. [17]

Controversy

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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.[18]

Recognition

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In October, 2022, Datarails won The Most Promising Startup Award in the category of B2B and Cybersecurity from tech news site The Information.[19]

In November 2024, Datarails was ranked at 92nd in the Deloitte Technology Fast 500 growing company in North America.[20] In 2025, Datarails was ranked 113th in the Deloitte Technology Fast 500. [21]

In 2023, Datarails was listed by Inc. as one of America's Fastest-Growing Companies,[22] and a Power Partner.[23]

Publications

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Datarails releases several annual reports such as The CFO's Office 2.0 which has been cited in news sites including Financial Times,[24] Fortune,[25] and Forbes.[26]

Datarails’ annual CFO Sentiments survey is also released annually and has been covered by media including CFO Dive.[27]

References

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  1. ^ "Datarails wants to revolutionize the CFO's office with automation". 10 March 2022.
  2. ^ "הסטארטאפ DataRails מגייס 200 עובדים". 11 April 2022.
  3. ^ "DataRails closes $50M in Series B, continuing Cloud-tech's progress". The Jerusalem Post | Jpost.com.
  4. ^ "Datarails Terms of Service" (PDF). Datarails. May 2024.
  5. ^ "How One Business Transforms Everyday Spreadsheets Into Sophisticated Financial-Planning Tools". MSN.
  6. ^ "Israeli financial planning co Datarails raises $50m". Globes. 3 October 2022.
  7. ^ "חברת הסטארטאפ DataRails מתרחבת עם מינוי ארבעה מנהלים בכירים". 21 October 2021.
  8. ^ "DataRails raises $50M to boost financial analytics and other tools for Excel spreadsheet acolytesexcel/". 10 March 2022.
  9. ^ "CFOs cling to spreadsheets despite their limits as FP&A tool".
  10. ^ "DataRails books $25M more to build better financial reporting tools for SMBs". 21 June 2021.
  11. ^ "DataRails doubles in value, raises an additional $25 million in Series A extension". 21 June 2021.
  12. ^ "DataRails lays off 18% of team". ctech. 2022-12-05. Retrieved 2024-07-07.
  13. ^ Adebayo, Kolawole Samuel (2022-03-10). "DataRails wants to revolutionize the CFO's office with automation". VentureBeat. Retrieved 2025-04-07.
  14. ^ "Datarails rolls out ChatGPT-style FP&A tool | CFO Dive". www.cfodive.com. Retrieved 2025-04-07.
  15. ^ "Google Patents". patents.google.com. Retrieved 2025-04-07.
  16. ^ "Cash Management". Datarails. Retrieved 2025-04-07.
  17. ^ Franzen, Carl (21 January 2026). "CFOs are now getting their own 'vibe coding' moment thanks to Datarails". Venture Beat. Retrieved 27 January 2026.{{cite news}}: CS1 maint: url-status (link)
  18. ^ "National Advertising Division Recommends Datarails Disclose Material Connection to The Finance Weekly Website for Endorsement, Rankings, and Reviews".
  19. ^ "Datarails Wins The Most Promising B2B Startup Award for 2022". Qumra Capital. Retrieved 2025-02-23.
  20. ^ "2024 Technology Fast 500 Award Winners". Deloitte United States. Retrieved 2025-02-23.
  21. ^ Deloitte Fast 500 Rankings. "Deloitte" (PDF).{{cite web}}: CS1 maint: numeric names: authors list (link)
  22. ^ "Inc. 5000 2023: Meet the Fastest Growing Private Companies in America". Inc.com. Archived from the original on 2025-03-14. Retrieved 2025-04-07.
  23. ^ "Datarails at INC. Power Partner". Inc.
  24. ^ Temple-West, Patrick (2024-12-24). "US chief executives are leaving the corner office in record numbers". Financial Times. Retrieved 2025-04-07.
  25. ^ Estrada, Sheryl. "27% of job listings for CFOs now mention AI". Fortune. Retrieved 2025-04-07.
  26. ^ Poinski, Megan. "Companies Want CFOs Who Can Use AI And Develop Long-Term Strategy". Forbes. Retrieved 2025-04-07.
  27. ^ "AI's coming for finance jobs, CFOs expect: Datarails | CFO Dive". www.cfodive.com. Retrieved 2025-04-07.
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