Sunday, December 15, 2024

Trullion: Raises Seed Financing

  • Trullion, formerly known as SMRT, a Tel Aviv, Israel- and New York-based financial workflow automation platform, raised a seed funding round of undisclosed amount
  • The round co-led by Greycroft and Aleph with participation from Verissimo Ventures and industry leaders like Bob Mylod, Artie Minson, Jody Padar and Zac Bookman
  • The company intends to use the funds to invest in talent and new financial workflows
  • Trullion provides a financial workflow automation platform that takes unstructured data such as PDFs and translates them into real-time financial reports
  • The system translates vast data sets from PDF contracts, Excel and other sources into a single system for accounting teams
  • The platform creates real-time visibility into company financials by using AI to review items such as leases and revenue agreements and translating them into a live data image

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