Accordance has publicly launched with $13m in funding to provide artificial intelligence (AI)-powered accounting and tax solutions.
The funding comprises $10m in seed funding led by Khosla Ventures and $3m in pre-seed funding led by General Catalyst.
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Other investors include Anthropic, NEA, Bain Capital Ventures, and Sequoia Capital.
Accordance was developed by former fintech founders and Stanford AI researchers David Yue and Finsam Samson in 2024.
The newly launched startup aims to assist professionals in navigating the intricate web of regulations and exceptions inherent in tax and accounting.
It seeks to address the need for specialised knowledge, enabling firms to handle complex scenarios without extensive research or external assistance.
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By GlobalDataYue, who is also the CEO of Accordance, said: “We are giving every professional superpowers, turning junior staff into experts, and experts into forces of nature.
“Instead of hitting walls on complex scenarios or losing sleep over judgment calls, they become unstoppable problem-solvers who shape the financial fabric of the future.”
Khosla Ventures founder Vinod Khosla said: “We are witnessing the birth of a new category. AI that does not just assist professionals, but fundamentally transforms how expertise is created and distributed.
“Accordance doesn’t replace expertise, it multiplies it, enabling teams to transcend traditional limitations and reshape the entire landscape of accounting and tax services.”
The platform’s AI features are designed to provide insights across various complexities in tax and accounting.
It also claims to have a comprehensive understanding of global regulations and synthesised professional experience.
Accordance’s multi-agent system is trained on a library of authoritative federal, state, local, and international codices.
According to the startup, the “AI expert consistently outperforms major foundation models, scoring higher on specialised tax and accounting reasoning tasks”.
It also has research partnerships with OpenAI, Anthropic, and Stanford to ensure Accordance customers benefit from AI advancements.
The startup caters to boutique practices, nationwide firms, and in-house teams.
