Accounting automation platform Maxima has raised $41m through Seed and Series A investment rounds for transforming accounting through agentic human-AI partnership.
The fundraising was led by Kleiner Perkins, Redpoint Ventures and Audacious Ventures.
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It also saw contributions from industry professionals including former BlackLine CMO and chief strategy officer Andres Botero, Vanta CFO David Eckstein, former BlackLine SVP of operations Eric Borrmann, Rubrik CFO Kiran Choudary and Liquid 2 managing partner Joe Montana.
The platform is designed to assist accounting teams during the month-end close process by using AI agents to help prepare financial reports.
Maxima’s technology automates tasks such as journal entries, reconciliation and close workflows so that teams can concentrate on reviewing outputs and making decisions.
Maxima co-founder and CEO Yogi Goel has two decades of experience in accounting and finance roles at organisations including EY, Citigroup, Barclays, and Rubrik.
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By GlobalDataGoel said: “I’ve seen too many talented accountants pushed to their limits — working 16- to 20-hour days for weeks on end just to get the books closed.
“Accountants are drowning in repetitive, manual work that leaves little time for the judgment, analysis, and strategy their companies actually rely on them for. Maxima’s goal is to change that dynamic by giving accounting teams intelligent systems that can take on the heavy lifting while maintaining accuracy, transparency, and control.”
Maxima utilises task-specific AI agents integrated at each stage of the close process.
The agents work across different company systems to gather data, convert it into accounting records, prepare journals, apply internal policies, perform reconciliations and identify irregularities with automated commentary.
Positioned as a layer on top of existing enterprise resource planning systems, the platform has been used by companies such as SpotOn, Scale AI and Rippling.
In a statement, the company noted that outcomes reported by these users include up to 80% quicker close times, 95% manual tasks automation, and 100% auditability.
