Basis Raises $100 Million Series B at $1.15 Billion Valuation to…

Team S · 2026-02-26T14:40:45.000Z

New York - AI-powered accounting platform Basis has closed a $100 million Series B funding round at a $1.15 billion valuation, officially granting the company unicorn status as it accelerates development of its agentic AI platform built for accounting firms. The fresh capital will help broaden engineering and machine learning teams while advancing tools that automate complex workflows across accounting, tax and audit practices. Founded in 2023 by Matthew Harpe and Mitchell Troyanovsky, Basis has developed a suite of “long-horizon” AI agents capable of autonomously executing multi-step tasks such as preparing tax returns, managing client accounts, handling audit deliverables and streamlining routine accounting operations. The company reports that its technology is being deployed by a significant share of top accounting firms as practices seek to enhance efficiency amid talent shortages and rising client demand. Funding Round and Investors - The Series B was led by Accel, with continued backing from GV (formerly Google Ventures), Khosla Ventures and Lloyd Blankfein, former CEO of Goldman Sachs. New investors joining the round include NFDG (Nat Friedman & Daniel Gross), Better Tomorrow Ventures, BoxGroup, and Avid Ventures, alongside a cohort of angel participants including executives and founders from Quora, OpenAI, Adobe, HuggingFace, Stripe, Opendoor, Replit, and Amazon. This financing brings Basis’s total capital raised to around $138 million across its seed, Series A and Series B rounds. With this funding, Basis plans to further develop its platform’s agent capabilities and scale its engineering recruitment to build increasingly sophisticated autonomous workflows that handle high-value accounting tasks with minimal manual intervention.

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Basis Raises $100 Million Series B at $1.15 Billion Valuation to… | Newnex