Niural Secures $31M to Enhance AI-Driven PEO Platform

Niural has raised $31 million in Series A funding, announced in a press release. The funding round was led by Marathon Management Partners, with participation from existing investors M13, Inspired Capital, and Newform Capital, along with several new strategic investors. Marathon's Gokul Rajaram, who serves on the boards of companies like Coinbase and Pinterest, will join Niural's board.

Niural aims to use the funds to accelerate its AI capabilities and expand globally. The company offers an AI-native Professional Employment Organization (PEO) platform designed to streamline payroll, global compliance, and payment operations. The platform features EMMA, an executional AI coworker, which helps companies save time and reduce costs.

Co-founded by Nami Baral and Nabin Banskota, Niural has seen significant growth, reporting a 700% increase in annual recurring revenue last year. The company serves a range of clients, including Tensor, Polygon Labs, and Karate.com, and aims to replace multiple tools with its comprehensive suite of products.