Basis AI

Basis AI

Automated data encryption for financial institutions

About Basis AI

Simplify's Rating
Why Basis AI is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise Software

Fintech

Cybersecurity

Company Size

51-200

Company Stage

Series B

Total Funding

$137.6M

Headquarters

New York City, New York

Founded

2023

Overview

Company Does Not Provide H1B Sponsorship

Basis AI provides automated data encryption for financial institutions through a subscription-based platform. It secures data at rest with encryption standards like AES-256 and HMAC, and protects data in transit using HTTPS with TLS certificates. Access and integration are delivered via secure APIs that use revocable tokens, enabling seamless yet controlled data access. Unlike some competitors, Basis does not store banking information and ensures client data is never shared or sold, giving institutions full control over their data and the option to remove it at any time. The company’s goal is to help banks, investment firms, and other financial entities protect sensitive data with automated, verifiable encryption that integrates easily into existing systems.

Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • Accounting firms save up to 30% time on reconciliations, journal entries, and financial summaries.
  • Lloyd Blankfein and GV participation in Series B opens institutional and financial services client channels.
  • Revenue grew 10x in five months pre-Series B, indicating strong product-market fit and demand acceleration.

What critics are saying

  • Intuit's QuickBooks and TurboTax agents directly compete for same tax and audit automation workflows.
  • AICPA Q2 2026 AI auditing standards mandate human oversight, invalidating autonomous workflow claims.
  • OpenAI releases enterprise accounting agents by late 2026, commoditizing Basis's $1.15B valuation niche.

What makes Basis AI unique

  • Deploys autonomous agents across tax, audit, and accounting workflows at 30% of top US firms.
  • Built on OpenAI o3, o3-Pro, GPT-4.1, and GPT-5 with domain-specific accounting logic and compliance controls.
  • Kenji Kuramoto, founder of Acuity and 20-year accounting leader, joined March 2026 to drive enterprise adoption.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$137.6M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$65M
Substack
$100M
ClickUp
$100M
Basis AI

Benefits

Company Equity

Growth & Insights and Company News

Headcount

6 month growth

5%

1 year growth

7%

2 year growth

48%
Accounting Today
Mar 31st, 2026
Kenji Kuramoto, founder of Acuity, joins Basis.

Kenji Kuramoto, founder of Acuity, joins Basis. Published March 31, 2026, 5:11 p.m. EDT Updated April 01, 2026, 8:42 a.m. EDT Accounting automation solutions platform Basis announced the appointment of Kenji Kuramoto, founder of Georgia-based Acuity, which last year merged with 13 other firms to form Top 50 firm Sorren after he led it for 20 years. The Premiere Event for Accounting Professionals Accounting Today Technology Editor Chris Gaetano is the technology editor for Accounting Today. He brings with him more than a decade of experience covering the accounting profession... Read full bio

Paraform
Mar 18th, 2026
How Basis made 13 hires with Paraform to build AI for accounting.

How Basis made 13 hires with Paraform to build AI for accounting. Co-founder @ Paraform March 18, 2026 Hires across engineering, talent, and ops Active roles on Paraform today "Paraform has been an excellent partner in helping us find candidates that we otherwise wouldn't have found on our own. We see Paraform almost as an extension of Basis's talent team." Ben Katzberg, Head of Talent at Basis See how companies hire faster with Paraform. Basis is building AI agents for accounting, tax, and audit workflows - an industry that is both foundational and under increasing pressure. As accounting work becomes more complex and the profession faces mounting talent shortages, Basis is building systems that help accountants move faster and operate more efficiently. Since launching in 2023, the company has grown rapidly, recently raising a $100 million Series B at a $1.15B valuation, and expanding to around 90 employees. Challenge: scaling a high-talent-bar company from the earliest days. Ben Katzberg, Basis's Head of Talent, was one of Paraform's earliest hires for the company. "I was found on Paraform, so without Paraform, I wouldn't be here. So I can thank Paraform personally." When Ben joined, Basis had just raised its Series A and was still extremely early. He was employee 15, joining at a moment when the company needed to scale quickly without compromising on talent quality. "So they brought me in because I have 20 years of experience recruiting engineers for startups, for FinTech companies, for AI companies, and they wanted to hire really the best in the industry." Basis and its founders were clear about the kind of people they wanted to bring in: * high-agency individuals with strong ownership * intellectual curiosity * extremely collaborative mindset That bar stayed consistent even as the company grew. The challenge was how to keep hiring enough great people while preserving the culture and talent that make the company what it is today. Solution: scaling the team during hypergrowth. After joining Basis through Paraform, Ben continued to use Paraform as he built the team. From the start, Ben saw Paraform as more than just another sourcing tool - but a way to quickly access high-quality candidates, especially for hard-to-fill roles. "Paraform is an excellent partner in helping us find candidates that we otherwise wouldn't have found on our own." As Basis expanded its hiring efforts, Paraform consistently delivered strong candidates and quickly became one of the team's most effective sources of talent. Paraform allowed Basis to increase hiring volume without lowering its standards or bringing on unnecessary headcount. "The quality has remained the same today as it was earlier on. If anything, the quality has gotten better because we've learned more about each other." Results: 13 hires through Paraform during a breakout year. Basis has used Paraform to make 13 hires across multiple parts of the company, from engineering to recruiting to operations, during one of the most important growth periods in its history. Those hires have directly improved Basis's ability to ship new products faster and deliver better outcomes for customers. After Basis raised its Series B, the company leaned on Paraform to capitalize on increasing demand, expanding the number of roles on the platform. Basis currently has 10+ active searches live with Paraform, spanning technical product, engineering leadership, product design, recruiting, accounting, and communications. Paraform wasn't just part of building the early team. It became a core accelerant for Basis's talent strategy as the company entered its next phase of growth. "Paraform has increased the number of recruiters, the access to recruiters and the access to candidates that we otherwise wouldn't have seen." Try Paraform for yourself. Join world-class teams using Paraform to fill roles in record time. Make hiring your competitive advantage. Join world-class companies that build their teams with Paraform.

Dealroom.co
Feb 25th, 2026
Basis company information, funding & investors

Basis, ai-powered virtual assistants for accounting firms. Here you'll find information about their funding, investors and team.

Menlo Times
Feb 25th, 2026
Basis Raises $100 Million Series B at a $1.15 Billion Valuation

Basis raises $100 million series B at a $1.15 billion valuation. Basis, building the next era of accounting with agentic AI, led by Matt Harpe, Mitchell Troyanovsky, and the team, has raised $100 million led by Accel alongside GV (Google Ventures). Basis was founded on the belief that AI agents will soon become central to knowledge work, with accounting emerging as one of the first and most critical domains. Structured, high-stakes, and essential to every business, accounting remains one of the most underbuilt areas in technology. Three years later, Basis can complete a partnership tax workbook end-to-end, with capabilities improving month over month at an accelerating pace. Accountants use the platform daily to create complex journal entries, resolve reconciliations, draft technical accounting memos, and more, deploying real AI agents to perform real work in the real economy. Basis is built on the belief that accounting is the foundation of economic coordination. It compresses complex economic activity into structured data that markets, governments, and businesses rely on to function. As globalization, regulation, and AI increase complexity, and the accounting workforce shrinks, the gap between what must be measured and the capacity to measure it is widening. The world will need far more accounting, not less. Basis builds autonomous agents that perform real accounting work end to end, collaborating with professionals at key decision points. Instead of adding a chatbot layer, the company created a unified accounting intelligence designed to scale with the next era of economic complexity.

Business Wire
Feb 25th, 2026
Basis Raises $100M at a $1.15B Valuation as Accounting Firms Adopt End-to-End Agents Across Accounting, Tax, and Audit

Basis, the leading AI agent platform for accountants, has raised $100 million in Series B funding at a $1.15 billion valuation. The round was led by Accel (M...

Recently Posted Jobs

Sign up to get curated job recommendations

Basis AI is Hiring for 30 Jobs on Simplify!

Find jobs on Simplify and start your career today

Don't see your dream role? Check out thousands of other roles on Simplify. Browse all jobs →