Basis, a New York-based AI platform designed for accounting firms, has come out of stealth with a $3.6 million seed funding.
The round was led by Better Tomorrow Ventures, featuring participation from BoxGroup, Avid Ventures, leading accounting firms, and experts in the accounting and machine learning fields.
Basis Use of Funds
Basis plans to use the seed funding to further develop and scale its platform, expanding its offerings and capabilities for accounting firms.
Founded in 2023 by Mitchell Troyanovsky and Matthew Harpe, Basis is an AI platform for accounting firms. Basis sits alongside existing software and gives accountants a team of AI assistants to streamline workflows, helping firms improve the quality and efficiency of their work. Basis aims to bring advanced AI to accountants, allowing them to focus on value-adding work by automating repetitive tasks. The platform's initial products include an AI assistant called "Basis Intern" for tax and accounting tasks and "Basis Accountant," which streamlines various accounting tasks. Basis enters the market as the accounting industry faces a shortage of professionals.
Round: Seed Round
Funding Month: October 2023
Lead Investor: Better Tomorrow Ventures
Additional Investors: BoxGroup, Avid Ventures
Company Website: https://www.getbasis.ai/
Software Category: AI Accounting Assistants