Provenance

What Provenance does

Provenance (legal entity ProvenanceXL Inc.) is a San Francisco-based software company building a native Excel add-in that functions as an AI-powered 'system of record' for financial models used by investment banking, private equity, and corporate FP&A teams. The platform captures every change made to an Excel financial model, generates intelligent diffs that interpret formulas, dependencies, and named ranges rather than treating cells as opaque values, ties every figure back to its source document (data rooms, Bloomberg, CapIQ, FactSet, CIMs, pitch decks), and stores changes in a tamper-evident audit trail with reviewer approval workflows routed through Slack, Teams, Outlook, and email.

The core technical stack combines an Excel-native add-in distributed through existing finance workflows, a server-side AI engine branded 'Deal Brain' that answers natural-language questions with cell- or page-level citations, and a deterministic verification layer that programmatically checks accounting identities, formula consistency, sources-and-uses, debt schedules, and broken references. The platform is hosted on Google Cloud, secured with TLS in transit and AES-256 at rest, and monitored by Vanta, with SOC 2 Type II and ISO 27001 certifications in progress. Data room ingestion is supported through one-click Dropbox and OneDrive connectors, with credentials retained by the provider.

Provenance operates a subscription-based SaaS model with quote-based enterprise pricing and annual billing — no public tiers are listed and the primary conversion action is a 'Request a demo' CTA funneling into a 15-minute product walkthrough. Go-to-market is direct enterprise field sales targeting VP- and MD-level approvers at banks, PE firms, and corporate finance departments. The company was founded in 2026 by TUTuna Uskudar, has 1–10 employees, and is backed by Glasswing Ventures, Jackson Square Ventures, QNB, and NVIDIA Inception. No revenue, customer logos, or detailed funding amounts are disclosed in the source material, placing the company firmly in the pre-revenue, early-pilot phase.

Name

Provenance

Legal name

ProvenanceXL Inc.

Website

https://provenancexl.com

Company type

Private

Founded year

2026

Operating status

Operating

Headcount range

1–10 employees

Short description

Provenance is a San Francisco-based software company that sells a native Excel add-in providing change tracking, source-to-cell traceability, and AI-powered Q&A for financial models used by investment banking, private equity, and FP&A teams.

Ownership category

akta.pro rank

Product category

Financial Model Audit & Governance Software

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Data Quality, Profiling & Validation (within Integration) (HDAEACAI)

Keywords

• Financial model auditing
• Excel add-in software
• Deal management platform
• Audit trail software
• Investment banking tools

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Software Subscription: Provenance operates as a SaaS platform with a native Excel add-in. The primary revenue model appears to be subscription-based, likely per-seat or per-team, given the enterprise focus and product-led integration into financial workflows.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Provenance provides a native Excel add-in that captures every change to financial models, generates intelligent diffs that understand formulas, dependencies, and named ranges, and maintains a tamper-evident audit trail for investment banking, private equity, and FP&A teams. The platform connects to data rooms via Dropbox and OneDrive, traces figures from source documents through models, CIMs, and pitch decks, and routes reviewer approvals through Slack, Teams, Outlook, and email. A Deal Brain AI module answers plain-language questions about deal documents with citations to exact cells, figures, and pages.

Product overview

Provenance is a single unified platform — the AI System of Record for Finance Teams — built as a native Excel add-in. The core Provenance Platform captures every change to Excel financial models and provides an audit trail, while Deal Brain is an AI-powered Q&A module that reads deal documents and answers questions with cell-level citations. Supporting features include See What Changed (impact analysis), Review Like Code (side-by-side diffs), Decide at Scale (approval workflows), Verify (source verification), Trace, and Flag (anomaly detection). The platform connects to data rooms via Dropbox and OneDrive, and routes approvals through Slack, Teams, Outlook, and email.

Differentiator

Problem solved

Functional benefit

Products and services

• Provenance Platform The Provenance Platform is a native Excel add-in and AI System of Record for Finance Teams. It captures every change to Excel financial models, generates intelligent diffs that understand formulas and dependencies, ties every figure back to its source document (data rooms, Bloomberg, CapIQ, FactSet), and produces a complete, defensible audit trail. It is used by investment banking deal teams, private equity firms, and corporate FP&A teams to maintain source-to-cell traceability across Excel models, pitch decks, CIMs, memos, and board decks.
• Deal Brain Deal Brain is the AI-powered Q&A module of the Provenance Platform. It reads every model and document in a deal and answers questions in plain language with citations to exact cells, figures, or pages. It connects to data rooms via Dropbox or OneDrive to learn from all deal documents and maintains persistent institutional memory of assumptions, approvals, and sources across the deal.

Quantifiable outcome

• Up to 50% less time spent reviewing models
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability7 records

Feature8 records

Scale indicators3 records

Expansion highlights5 records

Direct peers

• Workiva: Workiva is a cloud platform for financial reporting, audit, and compliance with strong traceability and review workflows across documents. It is comparable to Provenance in its audit-trail-first design and its enterprise finance/audit buyer, although it focuses on SEC reporting and ESG rather than Excel financial models.
• Vena Solutions: Vena is an Excel-based FP&A and financial planning platform used by corporate finance teams. It is comparable to Provenance because both extend Excel as the primary interface for finance workflows and serve the same buyer (FP&A leaders) with workflow and governance layers over native spreadsheets.
• Cube Software: Cube is an FP&A platform that integrates with Excel and Google Sheets to provide planning, reporting, and analysis workflows for finance teams. It overlaps with Provenance in its vertical focus on finance teams and its commitment to preserving Excel as the modeling surface.
• Datarails: Datarails is an FP&A platform that layers automation, AI, and consolidation onto Excel-native financial models. It is directly comparable because, like Provenance, it targets finance teams living in Excel and adds audit, version, and consolidation capabilities on top of existing workbooks.

Broad incumbents

• Anaplan: Anaplan is a large, established enterprise planning and FP&A platform. It is comparable to Provenance as a workflow and governance layer for finance teams, though Anaplan is a broad incumbent with a much wider scope (sales, supply chain, finance) and does not specialize in Excel-native model audit.

Emerging players

• Rillet: Rillet is an AI-native accounting and ERP platform built for finance teams. It is comparable to Provenance as an emerging AI-first finance SaaS targeting the same buyer, but it focuses on the general ledger and close rather than Excel financial model audit trails.
• Mosaic: Mosaic is a strategic finance platform for technology companies that automates reporting, planning, and analysis. It overlaps with Provenance as a finance-team-focused SaaS tool that augments Excel-driven workflows with automation and traceability, though it targets a narrower segment (tech companies).
• Causal: Causal is a modern financial modeling and planning tool used by finance teams. It is comparable to Provenance because both target finance teams building and reviewing models and both aim to modernize spreadsheet-based workflows, though Causal focuses on a new UI rather than Excel.
• Numeric: Numeric is an AI-powered close and reconciliation platform for accounting teams. It is comparable to Provenance as an emerging AI-native finance tool targeting the same enterprise accounting/finance buyer with workflow automation, but it focuses on the close rather than model audit trails.
• Drivetrain: Drivetrain is an AI-native financial planning and analysis platform. It is comparable to Provenance because both are emerging AI tools for finance teams that aim to automate and govern financial workflows, though Drivetrain focuses on planning while Provenance focuses on model audit and traceability.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/provenancexl

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds4 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Provenance