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