Agentic AI audit platform Fieldguide raises $75m in Series C funding

Funding and Valuation - Fieldguide has secured $75 million in a Series C funding round led by Growth Equity at Goldman Sachs Alternatives, bringing total funding to $125 million and valuing the company at approximately $700 million [1][2]. Purpose of Funding - The proceeds from the funding will enable Fieldguide to enhance audit and advisory practices through the integration of agentic AI, aiming to solve structural problems in the profession and support human experts [2]. Client Base and Market Position - Fieldguide's software is utilized by half of the Top 100 US accounting firms, including notable clients such as Baker Tilly, BDO, CBIZ, Forvis Mazars, Grant Thornton, KPMG, and RSM US [3]. Technology and Innovation - The company develops AI-native software that allows audit, advisory, and assurance teams to perform high-volume and data-intensive tasks throughout the engagement lifecycle, embedding AI directly into service delivery [2][4]. Industry Impact - Goldman Sachs Alternatives Growth Equity emphasizes that the future of audit and advisory will depend on the effective combination of human judgment and AI-driven execution, suggesting a transformative shift in industry operations [3][4].