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AI has brought attention to all kinds of futuristic technologies , fromhumanoid robotstoautonomous warships . But there ’s a quieter gravy bechance in a extremely traditional industry : accounting . VCs are excited by the vista of automatise costly human labor with AI , funding company likeNumericandKicklast twelvemonth , to name a few .
The belated inauguration to ride this wave isQuanta , which sells an AI - power account platform to software company and has conjure a $ 4.7 million seed turn lead by Accel , it exclusively tell TechCrunch . Other investors include basecase , Comma Capital , and San Francisco angel investor Elad Gil .
Quanta traces its origins to founder Helen Hastings ’ prison term as a software package engineer at bargain now , bear later company Affirm , where she saw firsthand how out-of-date accounting software was . Getting good fiscal data was extremely manual and result in reports that only came out once a month .
“ I knew I wanted to build something from lolly that could help fiscal team and line leaders be more efficient , ” Hastings tell TechCrunch .
So Quanta ’s chopine Herbert Hoover up data from a companionship ’s exist fintech tool like Brex , Mercury , or Stripe to mechanically produce books and real - time theme .
That ’s a sight that has tripped up other inauguration like Bench , which tried — and failed — to automatesome of its expensive human bookkeeper ( 600 firm at its peak ) with AI . But Hastings tell Quanta will void this conundrum by building an AI - first product before hiring destiny of bookkeeper . So naturally , it also only ab initio accepted customers for which its automate system could do all of the accounting .
The fundraise is also a personal milestone for Hastings as a female founder in a space that ’s overtop by men . The portion of funding that goes to female - only founded companies like Quanta stood at only 2 % in 2024,according to PitchBook data . Hastings says that a college instructor once told her that he did n’t picture her becoming a founder . But moments like that one only invigorate her more .
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With this fundraise , Hastings say Quanta design to move beyond its current ecological niche of early - stage package company to larger businesses , include ones with multiple corporate entity . Hastings says she ’s worked up for bombastic organizations to “ expect more ” from their accounting tools “ beyond what incumbents have been able to treat . ”
