AI accounting platform Basis raises $100m in Series B funding

Basis, an AI agent platform for accountants, has raised $100m in a Series B round, putting the company’s valuation at $1.15bn (S$1.45bn). The financing was led by Accel, with partner Miles Clements involved in the deal. Google Ventures (GV) and former Goldman Sachs chief executive Lloyd Blankfein also participated, alongside Khosla Ventures and other investors. Basis positions its technology as a response to mounting pressure on accounting practices, citing long-term staff shortages and growing client ...