Overview
Basis has secured a $100 million Series B funding round, valuing the company at $1.15 billion. Led by Accel, with participation from GV, Lloyd Blankfein, and Khosla Ventures, the funding aims to address challenges in the accounting sector, such as talent shortages and rising client expectations. Basis develops AI agents that automate complex workflows, currently supporting around 30% of the top 25 accounting firms. The new capital will enhance the development of advanced AI agents and expand the engineering and machine learning teams.
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Investors: Accel, GV, Lloyd Blankfein, Khosla Ventures
Basis has secured a $100 million Series B funding round, valuing the company at $1.15 billion. Led by Accel, with participation from GV, Lloyd Blankfein, and Khosla Ventures, the funding aims to address challenges in the accounting sector, such as talent shortages and rising client expectations. Basis develops AI agents that automate complex workflows, currently supporting around 30% of the top 25 accounting firms. The new capital will enhance the development of advanced AI agents and expand the engineering and machine learning teams.