The company, led by CEO Eyal Shinar and CTO Pavel Kapovski, offers an AI and automation platform that simplifies and accelerates core workflows for financial services businesses. Its main product, Tax Autopilot, uses AI technology to automate the tax preparation and review process. The platform is SOC-2 compliant and allows accounting firms to securely upload tax documents and data. Future product offerings will focus on wealth management, financial advisory and planning, insurance services, and more.
Key takeaways:
- Black Ore, a Texas-based AI platform for financial services, has raised $60M in funding.
- The funding round was led by a16z and Oak HC/FT, with participation from several other venture capital firms and tech executives.
- The company plans to use the funds to onboard new customers, grow its team, and accelerate the development of additional AI-products across financial services.
- Black Ore's flagship product, Tax Autopilot, uses AI to automate the tax preparation and review process.