WiseLayer, specialising in AI-driven digital workers for finance and accounting teams, has raised $7.2m in a financing round, spearheaded by Canaan Partners.
K5 Global, The Fintech Fund, Unpopular Ventures, and several industry angels also contributed to the fundraise.
WiseLayer intends to use the investment to develop task-specific AI workers designed to automate recurring processes within finance and accounting departments.
The company’s digital workforce includes AI agents like Angela, who handles Accruals & Revenue Recognition, and Dennis that is focused on Discrepancies & Financial Anomalies.
The company also plans to utilise the funds to enhance customer support infrastructure and propel market expansion.
Canaan Partners general partner Brendan Dickinson said: “The exceptional early traction that WiseLayer has achieved with its many large customers, each of whom love their product, demonstrates a clear market need.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData“We’re thrilled to support WiseLayer’s next phase of growth as they enhance their AI-powered digital workforce for finance and accounting teams.”
With four new AI agents, WiseLayer is expanding its capabilities to cover bank reconciliations, fixed asset depreciation and amortisation, lease accounting, and management of prepaid expenses.
WiseLayer was established by industry experts, aiming to address the challenges faced by finance and accounting teams, such as manual data extraction, data accuracy, and compliance.
The company claims that it has the ability to integrate with numerous tools, consolidate data, and automate complex tasks, including accruals, revenue recognition, and financial discrepancy detection.
WiseLayer co-founder and CEO Josh Stein said: “Finance & accounting teams have some of the most brilliant people at any company, yet their brainpower is often spent on recurring administrative and compliance tasks like accruals, rev rec, and more.
“WiseLayer’s mission is to build AI agents to automate these repetitive, laborious processes with precision, so that these highly-skilled people can focus on strategic financial initiatives that drive company growth.”
