Arkifi, a Palo Alto, CA-based company that provides a finance workflow automation tool, raised over $9M in Seed funding.
The round was led by Khosla Ventures and Nyca Partners, with participation from Soma Capital, MVP Ventures, GSBackers, Valiant Capital Employee Fund, Correlation VC, and G&H Partners.
The company, which was incubated at Khosla Ventures and spun-out in March 2023, intends to use the funds to expand operations and continue to develop the product.
Founded in 2023 by Hesam Motlagh and Jeremy Fraenkel, Arkifi is building workflow automation tools for advanced finance via a novel architecture that minimizes dependence on generative AI. The platform is an analyst copilot that can retrieve information, build financial models, explain results, and interpret other models.
The company is also collaborating with Microsoft to build a plugin for Microsoft 365 Copilot.
FinSMEs
26/08/2023