Klarity raised $70M in a Series B led by Nat Friedman and Daniel Gross, with participation from Scale Venture Partners, Tola Capital, Picus Capital, Invus Capital, and Y Combinator to expand its AI-driven data processing technology and grow its staff.
Klarity raised $70M in a Series B led by Nat Friedman and Daniel Gross, with participation from Scale Venture Partners, Tola Capital, Picus Capital, Invus Capital, and Y Combinator to expand its AI-driven data processing technology and grow its staff.
06/27/24, 3:41 PM
Location
san franciscoMoney raised
$70 million
Industry
financial services
software
Round Type
series b
Investors
Y Combinator, Invus Capital, Picus Capital, Tola Capital, Scale Venture Partners, Daniel Gross, Nat Friedman
San Francisco-based accounting startup Klarity raised a $70 million Series B funding round led by Nat Friedman and Daniel Gross, with additional participation from Scale Venture Partners, Tola Capital, Picus Capital, Invus Capital, and Y Combinator. The company utilizes AI to streamline data processing in contracts and internal records, eliminating manual work. The funding will be used to expand its staff from 130 to triple that number and further develop its AI technology.
Company Info
Location
san francisco, california, united states
Additional Info
Klarity’s GenAI solution revolutionizes accounting and operations with human-level understanding. By automating complex processes like document review, data extraction, validation, and analysis, it boosts efficiency and accuracy, reduces staffing needs, and empowers your team to focus on strategic decision-making and high-impact activities.