Cube Software is a New York-based SaaS platform specializing in financial planning and analysis (FP&A) solutions. Founded in 2018, Cube aims to empower finance teams by integrating the flexibility of spreadsheets with the robustness of enterprise performance software, facilitating real-time data access and strategic decision-making.
Key Strategic Focus
Cube's strategic focus centers on enhancing FP&A processes through:
- Spreadsheet Integration: Seamless compatibility with Excel and Google Sheets, allowing users to maintain familiar workflows while leveraging advanced functionalities.
- Real-Time Data Access: Providing immediate insights into financial and operational data to support agile planning and reporting.
- AI-Powered Analytics: Utilizing artificial intelligence to automate data consolidation, reduce errors, and generate actionable insights.
- Rapid Deployment: Enabling quick implementation, allowing teams to be operational within days rather than months.
Financials and Funding
Cube has secured a total of $45 million in funding:
- Seed Funding (August 2020): Raised $5 million.
- Series A (March 2021): Secured $10 million.
- Series B (June 2022): Obtained $30 million.
Notable investors include Battery Ventures and Mayfield. The capital is intended to enhance product development, expand AI capabilities, and scale operations.
Technological Platform and Innovation
Cube distinguishes itself through:
- Proprietary Technologies: A no-code FP&A platform that integrates with existing spreadsheet tools, enhancing user experience without disrupting established workflows.
- AI-Driven Capabilities: Automating data consolidation and analysis, reducing manual effort and improving accuracy.
- Data Infrastructure: Ensuring data consolidation, cleansing, and governance to provide a single source of truth for financial data.
Leadership Team
- Christina Ross, CEO & Founder: A seasoned finance professional with experience at Deloitte, Rent The Runway, GE, and Criteo.
- Suresh Bala, Chief Product & Technology Officer: An experienced product leader with a background in building enterprise software products.
- Edward Bush, Chief Financial Officer: An operations executive with expertise in finance, people, legal, and data teams at companies like Dataiku, VTS, and WeWork.
- Matt Kaufman, Chief Marketing Officer: A marketing leader with experience spanning technology startups and Fortune 500 firms.
- Benjamin Pitman, Chief Revenue Officer: A go-to-market expert with a track record of scaling SaaS companies.
- Josh Holat, Chief Data Architect: A technology leader focusing on AI strategy, security, and compliance.
Competitor Profile
Cube operates in the competitive FP&A software market, contending with:
- Vena Solutions: Offers corporate performance management software integrating with Excel for budgeting and forecasting.
- Datarails: Provides a spreadsheet management solution for financial organizations, focusing on data integrity.
- Planful: Delivers a cloud-based FP&A platform enabling continuous planning and financial close management.
- Jirav: Offers financial reporting and analytics with integrated budgeting and forecasting tools.
- Workday Adaptive Planning: Provides enterprise planning solutions with modeling and analytics capabilities.
Strategic Collaborations and Partnerships
Cube has established partnerships to enhance its platform's capabilities and reach, including integrations with various accounting and ERP systems to provide comprehensive financial insights.
Operational Insights
Cube's competitive advantages include:
- User-Centric Design: Maintaining the familiarity of spreadsheets while offering advanced FP&A functionalities.
- Rapid Implementation: Enabling quick deployment to meet the dynamic needs of finance teams.
- AI Integration: Leveraging artificial intelligence to automate processes and provide strategic insights.
Strategic Opportunities and Future Directions
Cube aims to:
- Expand AI Capabilities: Enhance predictive analytics and automation features.
- Broaden Market Reach: Target mid-market and enterprise clients seeking scalable FP&A solutions.
- Strengthen Integrations: Develop deeper integrations with a wider range of business systems to provide a comprehensive financial planning ecosystem.
Contact Information
- Website: cubesoftware.com
- LinkedIn: Cube Software LinkedIn
- Twitter: Cube Software Twitter
