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About Klarity
Industries
Enterprise Software
AI & Machine Learning
Financial Services
Company Size
51-200
Company Stage
Series B
Total Funding
$90.4M
Headquarters
Cambridge, Massachusetts
Founded
2017
Overview
Klarity excels as a workplace by harnessing the power of generative AI and multi-document matching technology to innovate in the field of automated document review. This company is dedicated to the seamless integration and validation of Salesforce data with other critical business documents, making it a leader in enhancing data integrity and operational efficiency in revenue recognition processes. Employees at Klarity benefit from a culture that values technical skill and creative problem-solving, ensuring continuous professional growth in a cutting-edge industry.
Simplify's Take
What believers are saying
- Klarity raised $70M in Series B funding to expand its team and capabilities.
- AI integration in accounting enhances efficiency, aligning with Klarity's automation focus.
- Aging workforce in accounting creates demand for AI solutions like Klarity.
What critics are saying
- Rapid AI advancements could increase competition in document review automation.
- Klarity's reliance on Salesforce and Netsuite integrations poses potential service disruption risks.
- Shortage of skilled professionals may affect implementation of Klarity's solutions.
What makes Klarity unique
- Klarity uses AI to automate ASC 606 and IFRS 15 contract reviews.
- Klarity integrates with Salesforce and Netsuite for centralized document management.
- Founded by experts from Harvard and MIT, Klarity combines legal and technical expertise.
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Funding
Total Funding
$90.4M
Above
Industry Average
Funded Over
3 Rounds
Y CombinatorIndustry standards
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 1%2 year growth
↑ 31%Artificial intelligence (AI) is poised to change the accounting industry, according to a new report from venture capital firm Andreessen Horowitz. As large language models (LLMs) continue to advance, AI is becoming a crucial component in various sectors, with accounting firms particularly eager to harness its potential to enhance efficiency and manage increasing workloads. The integration of AI in accounting is not surprising. Bookkeeping, tax preparation, and auditing involve repetitive tasks that can benefit from AI. The accounting profession faces a dual challenge: an aging workforce and a decline in new entrants. The report states, “75% of CPAs could retire in the next 10 years.” Additionally, the decreasing number of students completing accounting degrees in the U.S
Klarity Intelligence raises $70M to automate the document review process - SiliconANGLE
Read through enough contracts, invoices or purchase orders—any business documents, really—enough times, and your eyes probably glaze over. Ondrej Antos experienced it as a law clerk nearly a decade ago.When Antos met Nischal Nadhamuni at the Massachusetts Institute of Technology in 2016, the ...
Accounting startup Klarity raised a $70 million Series B led by Nat Friedman and Daniel Gross, with participation from Scale Venture Partners, Tola Capital, Picus Capital, Invus Capital, and Y Combinator, according to The Information. The San Francisco-based company uses AI to process data in contracts and internal records. The new funds will help expand its 130-person staff, aiming to triple this year. Other notable fundraises in the accounting tech sector include Ageras ($88 million) and FloQast ($100 million).
Klaritylaw integrate with core systems like Salesforce and Netsuite to pull all relevant documents into one central repository.
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About Klarity
Industries
Enterprise Software
AI & Machine Learning
Financial Services
Company Size
51-200
Company Stage
Series B
Total Funding
$90.4M
Headquarters
Cambridge, Massachusetts
Founded
2017
There are no jobs for Klarity right now.
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Klarity