What is Basis AI and how much funding did it raise?

Basis AI is an accounting startup that has raised $100 million in a Series B funding round.

What is the valuation of Basis AI after its recent funding?

Basis AI is now valued at $1.15 billion following its $100 million Series B funding round.

What type of AI systems does Basis AI focus on?

Basis AI focuses on agentic AI systems designed to operate autonomously on complex tasks, learning client-specific needs and working independently.

Home / Business and Economy / AI Startup Basis Valued at $1.15B

AI Startup Basis Valued at $1.15B

25 Feb

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Summary

Basis AI startup secured $100 million in Series B funding.
The company's valuation reached $1.15 billion after the round.
Investors bet on autonomous agentic AI systems for complex tasks.

AI accounting startup Basis announced it has raised $100 million in a Series B funding round, bringing its valuation to $1.15 billion. This significant investment highlights investor confidence in agentic AI systems, which are designed to operate autonomously for complex professional tasks.

The funding round was led by Accel, with notable participation from GV and former Goldman Sachs CEO Lloyd Blankfein. Basis's AI agent platform learns client-specific needs and manages multi-step accounting tasks independently. The company currently serves approximately seven of the top 25 accounting firms in the United States.

This development comes amidst a surge in venture funding for AI-linked firms globally. Agentic AI, distinct from prompt-based AI, is gaining traction for its ability to plan, decide, and act autonomously. Basis's technology aims to alleviate the persistent talent shortage within the accounting industry, which has faced challenges in attracting and retaining qualified professionals.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.

AI Startup Basis Valued at $1.15B

25 Feb

•

Summary

Basis AI startup secured $100 million in Series B funding.
The company's valuation reached $1.15 billion after the round.
Investors bet on autonomous agentic AI systems for complex tasks.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.