Numeral raises $100m Series C for AI sales tax compliance

Image for article Numeral raises $100m Series C for AI sales tax compliance
News Source : The Next Web

News Summary

  • Numeral sells software that handles sales tax compliance from start to finish.
  • It covers tracking where a company owes tax, registering, calculating rates, filing, paying and managing exemption certificates.
  • It also supports VAT and GST compliance in more than 90 countries.
  • The company combines a deterministic tax engine with AI and automation, and customers can reach in-house tax specialists for complex cases.
  • Numeral said its total transaction volume grew 327% year on year, and that it expects its tax engine to process more than 80 million transactions.
Sales tax has become a much bigger operational challenge as companies grow across markets, systems and business models.

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