
Mosaic Raises $26M for AI-Driven Financial Planning Platform
Mosaic, a financial planning startup that helps small- and medium-sized businesses (SMB), has raised a $26 million Series C spearheaded by OMERS Ventures, with participation from existing heavyweight investors, Founders Fund, General Catalyst and Friends and Family Capital, bringing its total raised to $73 million.
The newly raised funds are set to bolster the San Diego-based firm’s investment in AI. Mosaic provides dashboards, modeling and data visualization tools geared toward financial planning use cases, allowing users to quickly share insights with stakeholders.
“AI is rapidly revolutionizing every industry, and the finance space is poised to reap enormous benefits. That’s why we’re investing heavily in making AI core to what Mosaic offers,” said Adam Landefeld, head of product at Mosaic.
Led by CEO Bijan Moallemi and COO Joe Garafalo, formerly at Palantir, companies like Emerge, Sourcegraph, and Drata use Mosaic to manage the financial health and outlook of their businesses. Mosaic claims business has tripled each year since its founding in 2019.
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