Basis Raises $100 Million Series B at a $1.15 Billion Valuation

Basis, building the next era of accounting with agentic AI, led by Matt Harpe, Mitchell Troyanovsky, and the team, has raised $100 million led by Accel alongside GV (Google Ventures).

Basis was founded on the belief that AI agents will soon become central to knowledge work, with accounting emerging as one of the first and most critical domains. Structured, high-stakes, and essential to every business, accounting remains one of the most underbuilt areas in technology.

Three years later, Basis can complete a partnership tax workbook end-to-end, with capabilities improving month over month at an accelerating pace. Accountants use the platform daily to create complex journal entries, resolve reconciliations, draft technical accounting memos, and more, deploying real AI agents to perform real work in the real economy.

Basis is built on the belief that accounting is the foundation of economic coordination. It compresses complex economic activity into structured data that markets, governments, and businesses rely on to function.

As globalization, regulation, and AI increase complexity, and the accounting workforce shrinks, the gap between what must be measured and the capacity to measure it is widening. The world will need far more accounting, not less.

Basis builds autonomous agents that perform real accounting work end to end, collaborating with professionals at key decision points. Instead of adding a chatbot layer, the company created a unified accounting intelligence designed to scale with the next era of economic complexity.