Basis AI Accounting Platform Raises $100M Series B at $1.15B Valuation Led by Accel

Basis, the leading AI agent platform for accountants, has secured $100 million in Series B funding.

The round, led by Accel, values the US-based startup at an impressive $1.15 billion.

Funding and Investor Highlights

GV (Google Ventures) and former Goldman Sachs CEO Lloyd Blankfein co-led alongside Accel.

Khosla Ventures, featuring Keith Rabois and Vinod Khosla, doubled down with other existing backers.

Miles Clements from Accel joins the board with Keith Rabois.

Basis' Breakthrough Technology

Basis deploys AI agents that autonomously handle accounting, tax, and audit tasks.

The platform achieved a milestone as the first AI to complete an end-to-end tax return.

Industry Impact and Future Outlook

Firms like Basis customers Boulay PLLP and UHY LLC are adopting these agents amid talent shortages.

The funding will fuel platform enhancements and hiring to meet surging demand.

Basis is poised to transform the accounting industry with real-world AI productivity gains.