AI-for-Accounting Startup Basis Hits $1.15 Billion Valuation

AI-for-accounting startup Basis has surged to unicorn status with a new funding round as advances in artificial intelligence rattle the financial services markets.

Basis raised $100 million from investors at a $1.15 billion valuation, the company plans to announce Tuesday. Venture capital firm Accel led the round, joined by GV (formerly Google Ventures) and former Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein, as well as existing backers including Khosla Ventures.

Founded in 2023, Basis provides AI agent technology to accounting firms to help them complete tasks like preparing financial statements, filing tax returns and tracking expenses.

Basis co-founders Mitchell Troyanovsky and Matthew Harpe

Source: Basis

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