Company Research Report: Drivetrain AI, Inc.

Company Overview

• Name: Drivetrain AI, Inc.

• Mission: Drivetrain is on a mission to enable businesses to make better decisions. It aims to empower CFOs and finance teams to become strategic partners by making confident, data-driven decisions that drive predictable growth.

• Founded: No information is available.

• Founders:

• Alok Goel, CEO & Co-founder

• Tarkeshwar Thakur, CTO & Co-founder

• Saurav Bhagat, Head of Product & Co-founder

• Key People:

• Alok Goel: Former partner at Elevation Capital, CEO at Freecharge, CPO & COO at RedBus, roles at Google, Adobe.

• Tarkeshwar Thakur: Former VP of Engineering at Freshworks, Co-founder of Chatimity (acquired by Freshworks), roles at Google.

• Saurav Bhagat: Former VC at Elevation Capital, Management Consultant at A.T. Kearney.

• Headquarters: No information is available.

• Number of Employees: Over 800 employees as of 2021 (Mindtickle case study).

• Revenue: No information is available.

• Notable For: Drivetrain AI is recognized as a strategic finance platform, earning high user ratings and G2 category leadership. It is known for enabling businesses to achieve predictable growth through advanced financial planning and analysis (FP&A) tools.

Products

Product Suite

Drivetrain AI offers a comprehensive suite of FP&A tools designed to streamline financial operations, planning, and forecasting for businesses. These include:

1. Financial Consolidation:

• Description: Streamlines the process of closing and consolidating data across multiple ERPs.

• Key Features: Multi-entity and multi-ERP consolidation, multi-currency handling, intercompany eliminations, custom KPI dashboards.

2. Real-time Tracking & Reporting:

• Description: Enables quick access to reliable, up-to-date data for decision-making.

• Key Features: Real-time data tracking, interactive charts, transaction-level insights.

3. Continuous Planning & Forecasting:

• Description: Facilitates ease in creating powerful financial models.

• Key Features: Plain-English formula modeling, AI-powered forecasting, what-if analysis.

4. Drive AI:

• Description: Uses AI for enhanced FP&A processes to detect anomalies and suggest improvements.

• Key Features: Anomaly detection, data transformation, AI-driven model generation, real-time alerts.

5. Sales and Revenue Forecasting Software:

• Description: Provides tools to achieve predictable growth through precise forecasting.

• Key Features: CRM connectivity, reforecasting capabilities, real-time updates, customizable dashboards.

6. Strategic Finance Toolkit:

• Description: A collection of resources including templates and models for various FP&A needs.

• Key Features: SaaS financial model templates, 3-statement model templates, cash flow projection tools.

These products are known for their user-friendly modeling, reporting capabilities, and robust integrations with over 200 native connectors.

Recent Developments

• Funding: Raised $15 million in a fresh funding round on October 18, 2022, to support its business planning platform.

• Awards and Recognition: Drivetrain has been named a leader in G2's Spring 2024 reports, receiving numerous accolades across multiple categories.

• Product Advancements:

• New integrations with over 200 systems, facilitating seamless data gathering from ERP, CRM, and other environments.

• Development of AI-native features for financial modeling that enhance forecasting accuracy and operational efficiency.

• Strategic Initiatives:

• Focus on expanding real-time data consolidation and report generation capabilities.

• Strengthening partnerships to widen the technology suite and improve customer reach globally.

• Customer Successes:

• Successful implementation in businesses like Quantum Metric, Dental Intelligence, and Mindtickle led to improved operational efficiencies — note key outcomes like significant reductions in reporting time and enhanced forecasting cycles.

Overall, Drivetrain AI continues to strengthen its product offerings and market position through strategic funding, development of advanced FP&A tools, and building partnerships that expand its integration capabilities.