About Digits
Digits is a company based in San Francisco (United States) founded in 1995 by Jeff Seibert was acquired by Google in January 2017. Digits has raised $97.5 million across 3 funding rounds from investors including Google, SoftBank Vision Fund and Benchmark. The company has 26 employees as of December 31, 2022. Digits has completed 1 acquisition, including Basis SO. Digits offers products and services including AI Bookkeeping, AI Financials, AI Invoicing, and AI Bill Pay. Digits operates in a competitive market with competitors including BlackLine, Clear, Wolters Kluwer, HighRadius and Recko, among others.
- Headquarter San Francisco, United States
- Employees 26 as on 31 Dec, 2022
- Founders Jeff Seibert
- Stage Minicorn
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Digits Financial
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Products & Services of Digits
Digits offers a comprehensive portfolio of products and services, including AI Bookkeeping, AI Financials, AI Invoicing, and AI Bill Pay.
Automates transaction categorization and financial records for accuracy.
Provides real-time insights and interactive reports for business metrics.
Streamlines invoice creation and payment tracking for faster collections.
Enables easy approval and processing of bills through a user-friendly interface.
People of Digits
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Funding Insights of Digits
Digits has successfully raised a total of $97.5M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $65 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $65.0M
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First Round
First Round
(06 Nov 2019)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series C - Digits | Valuation | SoftBank Vision Fund | |
| Apr, 2020 | Amount | Series B - Digits | Valuation | Google Ventures | |
| Nov, 2019 | Amount | Series A - Digits | Valuation | Benchmark |
Investors in Digits
Digits has secured backing from 22 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Google, SoftBank Vision Fund and Benchmark.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments in technology and startups.
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Venture capital investments are offered to promising startups.
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Founded Year | Domain | Location | |
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Corporate backed venture capital fund investing in multiple sectors
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Founded Year | Domain | Location |
Investments & Acquisitions by Digits
Digits has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Basis SO.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Financial management and planning software for businesses
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2020 |
Financial Statements - Digits
Digits Comparisons
Competitors of Digits
Digits operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BlackLine, Clear, Wolters Kluwer, HighRadius and Recko, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based accounting processes are automated for businesses.
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| domain | founded_year | HQ Location |
Technology-enabled accounting and finance solutions are offered for SMBs.
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| domain | founded_year | HQ Location |
Enterprise legal processes are managed via an AI-powered platform.
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| domain | founded_year | HQ Location |
Autonomous finance and payment solutions are provided to businesses.
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| domain | founded_year | HQ Location |
Cloud-based transaction management and reconciliation solutions are offered for businesses.
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Frequently Asked Questions about Digits
Digits was founded in 1995 and raised its 1st funding round 24 years after it was founded.
Digits is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Jeff Seibert is the current CEO of Digits. They have also founded this company.
Digits is a funded company, having raised a total of $97.5M across 3 funding rounds to date. The company's 1st funding round was a Series A of $10.5M, raised on Nov 06, 2019.
As of Dec 31, 2022, the latest employee count at Digits is 26.
Founded in 1995 in San Francisco, United States, Digits operates in the mobile authentication sector. SMS confirmation codes are sent to users for identity verification on Android, iOS, tvOS, and web platforms. Support is extended to over 34 languages across 223 countries. Clients such as BuzzFeed, Periscope, and Dubsmash have been served. The company was acquired by Google in January 2017, integrating its technology into Firebase phone authentication.
Digits offers AI Bookkeeping, AI Financials, AI Invoicing, and AI Bill Pay.
Digits has made 1 acquisition, including Basis SO.
Digits has 22 investors. Key investors include Google, SoftBank Vision Fund, Benchmark, Google Ventures, and 20VC Fund.
The valuation of Digits is $565M as of Mar 2022.