Total amount raised
$45 Million
Latest funding date
06/01/2022
Location
Cube has successfully raised funding over three rounds, with the latest being a Series B round. The company is backed by ten investors, including Bonfire Ventures and Battery Ventures.
Cube's AI-powered financial intelligence platform is designed to enhance the capabilities of FP&A teams by integrating seamlessly with existing tools and providing real-time data insights. Keep reading to explore the intricacies of Cube's fundraising journey and the investors backing this innovative platform.
What Is Cube?
Cube is an AI-powered financial intelligence platform designed to enhance the efficiency and effectiveness of Financial Planning and Analysis (FP&A) teams. The company operates in the FinTech, SaaS, and Software industries, providing tools that integrate seamlessly with existing workflows to offer real-time data insights and strategic decision-making capabilities.
Founded by Christina Ross, Cube is headquartered in New York, New York, and employs between 101 and 250 people. The platform aims to transform financial planning by reducing manual processes, improving data accuracy, and enabling strategic decision-making.
How Much Funding Has Cube Raised?
- Seed Round
- Amount Raised: USD 5,000,000
- Date: August 2020
- Lead Investors: Bonfire Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of Cube's platform and establish a market presence.
- Series A
- Amount Raised: USD 10,000,000
- Date: March 2021
- Lead Investors: Mayfield Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Cube's team, enhance the platform, and scale operations to better serve a growing customer base.
- Series B
- Amount Raised: USD 30,000,000
- Date: June 2022
- Lead Investors: Battery Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop Cube's AI capabilities and expand its market reach.
Total Amount Raised: USD 45,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Battery Ventures
- Details: Battery Ventures is a global, technology-focused investment firm. They led Cube's Series B funding round.
- Investment Focus Areas: Software, IT infrastructure, industrial technology
- Notable Investments: Nutanix, Coupa, Glassdoor
- Mayfield Fund
- Details: Mayfield Fund is a venture capital firm that invests in early-stage technology companies. They led Cube's Series A funding round.
- Investment Focus Areas: Enterprise software, consumer technology, health tech
- Notable Investments: Lyft, Poshmark, SolarCity
- Bonfire Ventures
- Details: Bonfire Ventures is a venture capital firm focusing on seed-stage investments in enterprise software companies. They participated in Cube's Seed and Series A funding rounds.
- Investment Focus Areas: Enterprise software, SaaS, B2B technology
- Notable Investments: ChurnZero, Specright, Boulevard
- Operator Collective
- Details: Operator Collective is a venture capital firm that invests in early-stage enterprise software companies. They participated in Cube's Series A funding round.
- Investment Focus Areas: Enterprise software, technology, diverse and inclusive teams
- Notable Investments: Ironclad, WorkBoard, Textio
What's Next for Cube?
Cube stands at the cusp of a significant opportunity, targeting mid-market growth companies with its AI-powered financial intelligence platform. The market is vast, with a multi-billion dollar potential, as many companies still rely on outdated spreadsheet-based processes. Cube's platform aims to automate these manual workloads, making data instantly accessible and improving decision-making capabilities.
Given the substantial market size and the successful Series A funding round, future fundraising opportunities seem promising. The involvement of prominent investors like Mayfield and Bonfire Ventures suggests that additional funding rounds could support Cube's expansion and development. However, the company will need to navigate challenges such as competition from other FP&A platforms and ensuring seamless integration with existing systems.
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