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- Glassbox Secures $1.2M to Revolutionize Financial Spreadsheets with AI
Glassbox Secures $1.2M to Revolutionize Financial Spreadsheets with AI
Slice of Finance Team
03 Mar
Key Highlights:
Glassbox raises $1.2M pre-seed funding led by FinTech Collective and StandUp Ventures, with participation from Watertower Ventures.
Introducing "FinScript," a text-based framework enabling AI-powered financial modeling while maintaining Excel compatibility.
Analysts can evaluate deals up to 5x faster than traditional Excel workflows using Glassbox’s technology.
Glassbox is now opening its waitlist after 18 months in stealth mode, targeting investment banking, private equity, hedge funds, and more.
Founded by industry experts, including Allison Harris (CEO) and Ian Kennedy (CTO), to address inefficiencies in finance workflows.
Source: Business Wire
Notable Quotes:
"Our goal is to build smarter, more transparent tools that will truly enable finance professionals to responsibly leverage AI at scale."
"FinScript bridges the gap between human expertise and LLMs’ power, transforming complex financial models into simple, auditable instructions."
"Glassbox brings structure, traceability, and collaboration to financial workflows, much like GitHub for code management or Notion for content creation."
Why This Matters:
Corporate finance has long relied on error-prone, manual spreadsheet workflows. As AI reshapes industries, finance teams have struggled to integrate intelligent tools without disrupting legacy systems. Glassbox aims to bridge this gap by reimagining financial modeling with AI-compatible, text-driven analysis, maintaining compatibility with Excel while vastly improving efficiency and transparency. With strong industry backing and a leadership team deeply familiar with finance’s challenges, Glassbox is poised to become a key player in AI-driven financial services.