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Accounting automation company uiAgent raises $4.6m in seed funding
Yahoo Finance· 2025-09-16 10:55
Core Insights - uiAgent has raised $4.6 million in seed funding to enhance its automation technology for accounting firms and large enterprises [1][4] - The funding round was led by Marathon Management Partners, with additional contributions from Rerail [1] - The platform aims to alleviate excessive workloads for accountants, improving client response times, satisfaction, and the quality of deliverables [1][2] Company Overview - uiAgent is based in New York and focuses on automating routine tasks in client accounting services, tax, and audit workflows [2] - The platform is designed to provide a fast and secure solution without complex implementations or high setup costs [2] Financial Performance - uiAgent has achieved seven figures in annual recurring revenue (ARR) within less than a year [3] - The platform is currently collaborating with several top 100 accounting firms and is reported to save clients thousands of hours annually [3] Technological Impact - The platform features a library of AI agents that streamline essential processes in audit and client accounting services [4] - Key performance improvements reported include an 80% reduction in manual data entry, a 25% faster monthly close, and a 35% decrease in time for employee benefit plan audits [4]