"A new company called Meridian has emerged from stealth with a more comprehensive IDE-based approach to agentic financial modeling - and plenty of funding to build it. On Wednesday, the company announced $17 million in seed funding at a $100 million post-money valuation. "Our goal is to make financial modeling and spreadsheets way more predictable and auditable," CEO and co-founder John Ling told TechCrunch. "How can you take a process that traditionally might have taken cool hours and condense it down into like 10 minutes?""
"Excel agents have been a popular target for AI startups, due in part for the high cost of human-led financial analysis. But where previous Excel agents like Shortcut AI built agents into Excel, Meridian operates as a stand-alone workspace, more akin to Cursor. This allows the app to operate like an IDE, integrating data sources and other outside references that might otherwise create friction."
""if you go to ten different software engineers at Google, and you want to add some new feature into an app, you'll probably get like, 10 completely different implementations. And that's totally fine," Ling says. "But if you go to 10 banking analysts at Goldman Sachs and you ask for 10 valuation models for a company, you would probably get 10 almost identical workbooks.""
Meridian emerged from stealth with an IDE-style, agentic approach to financial modeling and raised $17 million in seed funding at a $100 million post-money valuation. The round was led by Andressen Horowitz and the General Partnership, with participation from QED Investors, FPV Ventures and Litquidity Ventures. The company is working with teams at Decagon and OffDeal and signed $5 million of contracts in December. Meridian provides a stand-alone workspace that integrates data sources and external references to operate like an IDE. The team blends AI firm alumni with financial veterans. Meridian must reconcile strict financial determinism with AI non-determinism.
Read at TechCrunch
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