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Three-Year-Old Startup Bets AI Can Help Fix Accountant Shortage

Mar 26, 2024 - news.bensbites.co
Fieldguide, an AI-focused firm, has secured $30 million in a Series B funding round led by Bessemer Venture Partners. The round also saw participation from Silicon Valley financier Elad Gil and 8VC. The funds will be used to further the company's mission to address the global shortage of accountants through AI.

The three-year-old startup is developing a range of AI-powered tools for auditing, fraud detection, compliance, and forensic services. These tools aim to assist certified public accountants by automating mundane and repetitive tasks, thereby increasing efficiency in their work.

Key takeaways:

  • Fieldguide raised $30 million in a funding round led by Bessemer Venture Partners.
  • The funding will be used to further the company's goal of using AI to address the shortage of accountants worldwide.
  • Other investors in the Series B round included Elad Gil and 8VC.
  • The startup is developing AI-enabled tools for auditing, fraud detection, compliance and forensic services to assist certified public accountants with repetitive tasks.
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