AI accounting startup Basis raises $100M at $1.15B valuation from Accel, GV to automate Big Four drudgery

Basis, an AI-driven accounting startup, has secured $100 million in a funding round led by Accel and GV, reaching a valuation of $1.15 billion. The investment highlights the growing demand for automation within the professional services sector, specifically targeting the repetitive tasks common in Big Four accounting firms. This milestone underscores the significant role artificial intelligence is expected to play in transforming traditional tax and audit workflows.