Artificial intelligence-based IT business analytics provider Numerify completed a $27.5 million funding round led by DAG Ventures, with support from existing investors Lightspeed Venture Partners, Sequoia Capital, and Tenaya Capital.
According to the company, it has doubled its software subscription bookings and expanded its enterprise customer list to include top five companies in 11 different verticals. The Numerify platform expanded its technical lead in the market with 20 issued and pending patents for new solutions that span IT Plan, Build, and Run processes, such as the recently-launched, AI-powered Change Success solution.
Numerify plans to use the funding to increase its enterprise customer footprint and accelerate the introduction of new analytic solutions that embed artificial intelligence and machine learning capabilities.