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Tracelight 1.0 Launch with CEO Peter Fuller
Peter Fuller, co-founder and CEO of Tracelight, announces version 1.0 of the company's AI add-in for Excel — 'like Cursor in Excel' — which builds, automates, and error-checks complex financial models for consultants, bankers, and investors via natural-language prompts. He argues long sales cycles with banks are 'the market doing its job,' says onboarding starts with power-user teams before rolling out firm-wide, and explains why spreadsheets are 'hard mode' for LLMs. He recounts closing the $3.6M seed round in early 2025 by convincing investors AI-plus-Excel was a real category, and frames the end goal as becoming the vendor of choice for the biggest institutions — ultimately the place businesses work with AI on their biggest problems, as Harvey and Legora did for law. The show closes with a Specter ad and a teaser for Thursday's 'even bigger' episode.