Klarity, a San Francisco, CA-based AI platform that turns documents into structured data and frees humans from painful and voluminous document review, raised $18M in Series A funding.
The round was led by Tola Capital with participation from Invus Opportunities, Dave Sipes, CEO of 8×8; Sam Wilson, CFO of 8×8 and Germaine Cota, CAO of 8×8 and Klarity customer, Tony Tiscornia, CFO of Coupa and Klarity customer, Daniel Dines, founder and CEO of UiPath, Brandon Deer, VP of Operations and Strategy of UiPath and Dylan Reider of Crew Capital, Douglas Solomon, former General Counsel, and Ron Gill, former CFO, NetSuite, Brad Lightcap, CFO; Jeanine Korovesis, Controller; Jason Kwon, General Counsel, OpenAI, and existing investors Elad Gil, Daniel Gross, Nat Friedman and Picus Capital. In conjunction with the funding, Sheila Gulati, the Managing Director and Founder of Tola Capital will be joining the board of directors.
The company intends to use the funds to grow its engineering and Go-To-Market teams and expand its business reach.
Co-founded by Ondrej Antos and Nischal Nadhamuni, Klarity provides an AI, automated document processing and management platform for finance and accounting teams for midmarket and enterprise companies. Since launching its flagship product, Klarity has grown its enterprise customer base to 39 in a single year.
FinSMEs
24/01/2022