Meridian, a New York City-based startup, recently raised a $17 million seed funding round. This accomplishment raises its post-money valuation to a stout $100 million. Andreessen Horowitz and the General Partnership participated directly in the funding round. STAX helped draw in strong participation from other investors, including QED Investors, FPV Ventures, and Litquidity Ventures. Meridian’s goal is to change the way financial modeling and spreadsheet based applications work, so that they are more predictable and auditable.
CEO John Ling launched Meridian alongside a roster of industry veterans. They come from storied firms like Goldman Sachs and cutting-edge AI companies including Scale AI and Anthropic, and work within a unique stand-alone workspace. The company’s mission is to simplify the cumbersome and tedious process of financial analysis, reducing it down to just minutes.
Ling highlighted the need for reliability when it came to financial modeling. He stated, “Our goal is to make financial modeling and spreadsheets way more predictable and auditable.” At Meridian, we are committed to brevity and accuracy. They’re on the cutting edge in permanently removing the built-in “doubt layer” that too often shrouds outputs from large language models (LLMs).
Meridian’s strategy stands in sharp contrast to past Excel agents like Shortcut AI, which embedded their tech natively within Excel. Rather than just adding external checks and balances, Meridian aims to improve the financial modeling process itself with advanced auditing capabilities. The team recognizes the challenges associated with software development, as Ling noted, “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.”
Meridian capitalizes on the wisdom of its creative, multidisciplinary team to produce effective, impactful outcomes. The ultimate aim of course is to make sure that these results are likewise deterministic. This groundbreaking approach puts the company at the forefront of fintech. It offers remedies that address the most frequent traps in financial modeling.
Meridian, however, is still very much in active development. It’s designed to change the way people do financial analysis, revolutionizing the spreadsheet-dependent world of financial modeling.