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Published by Global Banking & Finance Review®
Posted on February 24, 2026
Last updated: February 24, 2026. Emergency response at Times Square following a shooting that left three individuals injured. This incident highlights ongoing gun violence issues in the US.
Basis Secures $100 Million in Series B Funding
Feb 24 (Reuters) – The artificial intelligence accounting firm Basis successfully concluded a $100 million Series B funding round, propelling its valuation to an impressive $1.15 billion.
This influx of capital underscores a growing investor enthusiasm for autonomous AI systems engineered to proficiently navigate complex tasks.
Backers of the Round
The funding round was spearheaded by venture capital powerhouse Accel, with contributions from GV, previously known as Google Ventures, and notable figures such as former Goldman Sachs CEO Lloyd Blankfein, alongside current investor Khosla Ventures.
Operational Mechanism of Basis’ AI Agents
Basis operates an AI agent platform tailored for accountants, asserting that its systems autonomously adapt to client-specific requirements and seamlessly execute multi-step accounting functions.
The company boasts that it currently caters to approximately seven of the top 25 accounting firms in the United States.
Surge of Interest in Agentic AI Among VCs
Venture capital investments in firms specializing in artificial intelligence have surged dramatically in recent years. AI startups are increasingly capturing a larger segment of global deal flow as investors speculate on the transformative potential of this technology across multiple sectors.
Understanding Agentic AI
Agentic AI, characterized by its ability to autonomously plan, decide, and act rather than merely reacting to prompts, has emerged as a highly coveted category in venture capital, particularly within the realm of professional services.
Impact on Efficiency and Workforce Structure
“Agent-native operations are driving startups toward increased output per employee and, in some instances, smaller teams; the cost implications can be substantial initially and could lead to more competitive market dynamics at scale,” remarked Michael Ashley Schulman, partner and CIO at Running Point Capital Advisors.
Addressing the Talent Shortage in Accounting
Basis contends that its platform addresses a protracted talent deficit within the accounting profession, which has faced challenges in attracting and retaining qualified personnel in recent years.
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