Basis Raises $100M for AI Accounting Agents
AI accounting automation startup Basis just raised a $100 million Series B, pushing its valuation to $1.15 billion. The company builds AI agents designed to handle complex accounting and financial workflows. This funding highlights continued investor appetite for vertical AI applications that automate specialized enterprise tasks.
The New York-based startup was founded in 2023 by CEO Matthew Harpe and Mitchell Troyanovsky. The Series B round was led by Accel, whose partner Miles Clements is joining the board, alongside GV, Khosla Ventures, and former Goldman Sachs CEO Lloyd Blankfein. Angel investors include the CEOs of Box, Quora, Replit, and HuggingFace, signaling significant confidence from leaders in the tech and AI space. Basis's core technology involves "long-horizon agents," which are AI systems designed to operate autonomously for hours to complete complex, multi-step accounting tasks end-to-end. The company has demonstrated an agent capable of independently handling a full U.S. partnership (1065) tax return, a process that
