Meridian raises $17 million to remake the agentic spreadsheet
This startup is rebuilding Excel for the AI era with a $100M valuation.
Deep Dive
Meridian emerged from stealth with $17M in seed funding at a $100M valuation to build an AI-powered IDE for financial modeling. Led by Andreessen Horowitz, the startup aims to condense hours of spreadsheet work into 10 minutes. Unlike previous Excel agents, Meridian operates as a standalone workspace, blending agentic AI with deterministic tooling to meet strict financial audit requirements. The company already signed $5M in contracts in December.
Why It Matters
It tackles the core enterprise challenge of making AI outputs auditable and deterministic for high-stakes finance.