Basis, a New York based startup that automates accounting tasks for accounting firms, raised $34m in Series A funding.
The round was led by Khosla Ventures, with participation from
- NFDG, the fund led by Nat Friedman, Former CEO GitHub, Former CEO Xamarin
- Daniel Gross, Cofounder Safe Superintelligence, Former ML Lead Apple
- Better Tomorrow Ventures
- BoxGroup
- Avid Ventures
- Aaron Levie, CEO Box
- Adam D’Angelo, Board Member OpenAI, CEO Quora, Former CTO Meta
- Amjad Masad, CEO Replit
- Azeem Azhar, Founder Exponential View
- Claire Hughes Johnson, Former COO Stripe
- Clem Delangue, CEO HuggingFace, Huggingfund
- Douwe Kiela, CEO Contextual AI, Former Head of Research HuggingFace
- Jack Altman, Former CEO Lattice
- Jeff Dean, Chief Scientist Google DeepMin
- Jeff Wilke, Former CEO Amazon Consumer
- Kyle Vogt, CEO Bot Company, Former CEO Cruise
- Larry Summers, Board Member OpenAI, Former Secretary of Treasury
- Lenny Rachitsky, Lenny’s Newsletter
- Michele Catasta, President Replit, Former Head of Applied Research Google Labs
- Noam Brown, Researcher and Co-Creator o1 OpenAI
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Matt Harpe, Basis provides an AI powered platform that enables accounting firms to perform workflows such as entering transactions and checking data accuracy. The solution integrates with ledger systems like Intuit’s QuickBooks and Xero.
Companies using the product include accounting firm Wiss.
FinSMEs
18/12/2024