Funding Alert

SaaS startup Drivetrain AI raises $15 million in Series A funding round


Financial planning and monitoring platform for developing businesses and enterprises, Drivetrain AI, has raised $15 million in Series A funding in which Elevation Capital, Jungle Ventures, and Venture Highway participated. In addition, roughly 25 angel investors, consultants, founders, and C-Suite executives from technology businesses participated in the round of fundraising. Akshay Kothari (Notion), former Google executive Amit Singhal, Khadim Batti and Amit Sharma (Co-founders of Whatfix), Krish Subramanian and Karthik Srinivasan (Co-Founders of Chargebee), and Kushal Nahata  (Founder of FarEye) are among the HNIs involved in the round.

The funds will be used to grow the company’s go-to-market staff and for product development.

Alok Goel (ex-Partner at Elevation Capital), Tarkeshwar Thakur (former VP of Engineering at Freshworks), and Saurav Bhagat (ex-VC of Investments at Elevation Capital).

founded Drivetrain AI in 2021. The Software-as-a-Service (SaaS) platform assists finance teams in developing integrated business plans, budgets, and forecasts, as well as tracking progress toward goals. The SaaS platform in the cloud can combine data from over 200 popular business applications, including Salesforce, Netsuite, Quickbooks, Workday, and Looker, spanning CRM, ERP, and HRMS operations.

Drivetrain AI

“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,” said Alok Goel, Co-founder, and CEO, Drivetrain. He further said that gauging one’s business health in real-time and executing course adjustments on spreadsheets is impossible. Instead, using Drivetrain, one can make more confident judgments in days rather than months—a significant strategic advantage. 

The platform works with mid-market and enterprise-stage businesses with ARRs ranging from $5 million to $100 million.

Drivetrain AI clients include digital adoption platform Whatfix, delivery management platform FarEye, and sales readiness platform MindTickle.

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