What does Celery do?
Celery is an AI-powered financial operations platform that automates internal controls, replacing manual, complex reviews with intelligent audit agents that detect fraud, compliance risks, and inefficiencies. The platform, initially focused on payroll audits, has expanded to include revenue and expense monitoring to provide CFOs with real-time insights.
How much did they raise?
The company raised $6.25M in a Seed round led by Team8, with participation from Verissimo Ventures, Centre Street Partners, 97212 Ventures, and angel investors, bringing its total funding to $9M.
What are their plans for the money?
Celery plans to use the funds to expand its go-to-market operations, accelerate product development, and launch new audit agents focused on expense review, fraud detection, and fixed asset controls. This investment is expected to enhance the company’s ability to minimize costly financial errors.
What have they achieved so far?
Celery has already demonstrated progress by broadening its auditing capabilities beyond payroll to cover broader financial monitoring for U.S. healthcare providers, and it has achieved SOC 2 certification to bolster its credibility.
