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Numeral raises $35M to automate sales tax with AI
The two-year-old sales tax startup Numeral is now valued at $350 million.
Sam Ross, the co-founder and CEO of Numeral, came up with the idea for his sales tax compliance startup while traveling the world after having worked as a product manager at Airbnb. While he loved the freedom his businesses offered, Ross (pictured above, left) was perpetually annoyed by the complex and bureaucratic process of handling sales tax on the merchandise he was selling. The round, which comes just six months after raising an$18 million Series A, was led by Mayfield, with participation from other investors including Benchmark, Uncork Capital, Y Combinator, and Mantis, the VC firm co-founded by the members of the electronic DJ group The Chainsmokers.
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