Abacum, a business planning software company headquartered in New York, announced a $60 million Series B funding round spearheaded by Scale Venture Partners. The company works to help finance teams at mid-market companies drive performance.
Abacum’s platform consolidates financial and operational data in real time, enabling finance organizations to gather actionable insights, forecast revenue, model scenarios, automate reports, plan headcount and more. Its customer base includes companies like Strava, Aiven, JG Wentworth and Mastercam.
The new capital will allow Abacum to invest in product innovation and growth as it continues to fuel rapid expansion across the United States. Abacum will work to incorporate multi-agentic AI, an improved modeling engine, an expanded data layer and collaborative workflows into its platform.