Future of Work News

Digits Raises $65M After Completing Series C Investment Round

By

Financial software startup Digits announced it secured $65 million in new funding after completing a Series C investment round.

According to company CEO Wayne Chang, this brings Digit’s total value to $565 million. The Series C round was led by SoftBank's Vision Fund, while also receiving support from Harry Stebbings’ 20VC Growth and previous investors GV and Benchmark.

Digits specializes in developing accounting software which provides users with a live representation of an organization's current financial state. Despite being in an invite-only phase for some time, the company recently announced the launch of its first product called Digits Reports. Currently, Digits has a waitlist of 16,000 customers but is working with a limited number of users to prepare the software for mainstream usage.

Although the enthusiasm for Digits is a result of its upcoming offerings, investors have confidence in the company due to the previous success from founders Wayne Chang and Jeff Seibert. Prior to forming Digits, Chang and Seibert created the highly successful crash reporting service Crashlytics. The company was eventually acquired by Twitter, and then later by Google.

Wayne Chang told Yahoo! Finance, "We know we are building pretty compelling technology that no one else has," he said, "and the Living Model is applicable to other things. For example, if you are a bank and want to apply different lending models, our platform can automatically tell you about the financial state of a company. We are just scratching the surface of what we can do."



Future of Work Contributor

Related Articles

On-site Workers Feel Less Connected than Their Remote Colleagues

By: Greg Tavarez    5/24/2022

A report conducted by Accenture revealed 42% of on-site workers say they feel "not connected" versus 36% hybrid and 22% fully remote.

READ MORE

JobSync Launches Talent Acquisition Automation Platform

By: Greg Tavarez    5/24/2022

JobSync announced the introduction of the first talent acquisition automation platform to operate as the backbone of the talent acquisition tech stack…

READ MORE

Real Madrid Unites Fans in Virtual World

By: Greg Tavarez    5/23/2022

Real Madrid Virtual World is uniting Real Madrid fans worldwide without language being a barrier.

READ MORE

Lang.ai Completes $10.5M Series A

By: Greg Tavarez    5/19/2022

Lang.ai completed a $10.5 million Series A to help CX teams turn conversations into insights and automation.

READ MORE

Walmart Leverages Wrike for Process and Communications Improvements

By: Greg Tavarez    5/17/2022

Walmart Inc. expanded its Wrike instance outside of Walmart Canada. The organization can bring siloed departments together and leverage analytics to t…

READ MORE