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Basis Raises $34 Million to Deploy AI Agents for Accountants | PYMNTS.com


Basis Raises $34 Million to Deploy AI Agents for Accountants | PYMNTS.com

Basis has raised $34 million in a Series A round to expand its deployment of artificial intelligence (AI) agents designed to help accountants.

"We've raised $34m to accelerate our goal of equipping every accountant with a team of AI agents," the company said in a Tuesday (Dec. 17) post on X.

In a deployment with select accounting firms in the U.S., the company's AI agents have saved accountants as much as 30% of their total time, per the site.

"Accountants don't need more software; every accountant already has dozens of software tools," Basis said on its site. "Accountants need tools that can understand accounting, learn specific client needs, work independently and take real actions. Every accountant deserves a team that is an extension of them, that they can manage, and that can do work on their behalf."

Wiss began this full deployment of Basis after seeing successful results in 10 months of testing the platform in beta in its Client Accounting Services (CAS) practice. During that time, Wiss' internal adoption of Basis increased rapidly each month.

"Our initial tests showed enormous potential for Basis to reduce the amount of manual work within the practice while providing an even higher quality experience for clients," Wiss Partner Mike Castle said in a September press release. "The leadership team was eager to roll this out to all clients as quickly as possible, recognizing this as a key enabler of scaling our CAS service line for future growth."

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