SaaS startup Drivetrain AI raises $15M in Series A round

Elevation Capital, Jungle Ventures, and Venture Highway participated in a $15 million Series A round of funding for Drivetrain AI, a financial planning and monitoring platform for expanding businesses and organisations. In addition, the investment round included contributions from close to 25 angel investors, consultants, founders, and C-Suite executives from technology businesses.

Alok Goel, a former partner at Elevation Capital, Tarkeshwar Thakur, a former vice president of engineering at Freshworks, and Saurav Bhagat founded Drivetrain AI in 2021. (ex-VC of Investments at Elevation Capital).

The Software-as-a-Service (SaaS) platform aids finance teams in creating cohesive company plans, budgets, and projections and monitors results in relation to goals. Over 200 widely used business products, such as Salesforce, Netsuite, Quickbooks, and Workday, can be integrated into the cloud-based SaaS platform.

Commenting on the latest funding Alok Goel, Co-founder and CEO, Drivetrain, said “Drivetrain helps build plans, informs you whether you’re on track, and simplifies course correction. Many leaders manage their business plans and multi-million-dollar budgets on spreadsheets that are cumbersome and error-prone,” 

He added, “Gauging your business health in real-time and applying course corrections is impossible on spreadsheets. Instead, with Drivetrain, you can make better confident decisions in days, not months—a key strategic advantage.”

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