How Crunched is Scaling the AI Analyst Excel Power Users Deserve

Crunched, transforming your Excel modelling with autonomous Excel AI agents, led by Philip Borge, Lars Gjardar Musæus, Michael Sakowski, and Markus Skagemo, has secured $6M in seed funding, led by First Round Capital, with participation from Y Combinator, 20VC, and many more incredible VCs and angels, including YC founder Paul Graham and Mario Götze.

Spreadsheets remain central to business and finance, yet Excel modeling is often slow, manual, and error-prone. Under time pressure, complex models are stitched together by hand, increasing the risk of costly mistakes.

Crunched is an Excel-native AI analyst designed for power users, capable of building, reviewing, researching, and stress-testing real-world financial models directly within Excel, without disrupting existing workflows.

Crunched functions as a top-tier AI analyst embedded directly in Excel, built to match the workflows of professional Excel power users. Operating through a sidebar chat, it enables natural-language interaction within spreadsheets.

The platform reviews and stress-tests models by detecting logical, linking, and conceptual errors, explains complex model logic, and builds fully linked financial models such as DCFs and LBOs directly in the sheet. It also extracts structured data from PDFs, investor materials, and online sources into Excel with verifiable citations, while integrating external financial data directly into models.

Crunched delivers over 50% time savings in Excel while improving accuracy, enabling analysts and associates to shift from manual model building to expert review. Additional firm-specific features are in development to further enhance productivity and precision.

The new funding supports the evolution from a general top-tier AI analyst to a firm-tailored analyst, with firm-specific templates, formatting, prompt libraries, custom data integrations, and forward-deployed engineering.

The objective is to provide every Excel power user with a dedicated, firm-specific, world-class AI analyst available at all times.