Accel Backs Startup Using AI to Kill Finance Paperwork
Mar 12, 2024 - bloomberg.com
Nanonets, an AI-based company that assists businesses in managing accounts and budgets, has raised $29 million in an early funding round. The round was led by Accel, with participation from Y Combinator, Elevation Capital, and others.
This Series B round has increased the total funding of the San Francisco-based startup to $40 million. The company announced this in a statement on Tuesday.
Key takeaways:
Nanonets, an AI-based company that assists businesses in managing accounts and budgets, has raised $29 million in an early funding round.
The funding round was led by Accel.
Other participants in the Series B round included Y Combinator, Elevation Capital, and others.
This funding round brings the total funding of the San Francisco-based startup to $40 million.
