Maxima, an AI startup targeting back-office accounting, has raised $41 million from Redpoint Ventures and Kleiner Perkins, valuing the one-year-old San Mateo company at $143 million. The firm aims to automate accounting tasks traditionally dominated by legacy systems like SAP. CEO Yogi Goel, drawing on two decades of auditing and finance experience, explained that accounting's primary challenge is fragmented data across multiple systems, requiring repetitive manual tasks. Maxima deploys auditable AI agents to automate these processes whilst maintaining 100% accuracy through human review. The company plans to use the funding to enhance product development and expand its 31-person team. Maxima's goal is to enable real-time accounting, allowing CFOs to make swift decisions in volatile economic conditions whilst freeing finance teams to focus on strategic initiatives.

Maxima launches the first agentic AI platform for enterprise accounting. Maxima, maxizing every company's long-term financial performance by making their financial data accurate, accessible, and actionable through real-time accounting, led by Yogi Goel, Akshaya Srivatsa, and Jack Liao, has announced $41 million in Seed and Series A funding, led by Redpoint, Kleiner Perkins, and Audacious Ventures. The accounting function is under unprecedented strain: record-high restatements, record-low talent inflow, and rising complexity across standards and systems. After years of adding tools, checklists, and people with little relief, the field needs a new system of work, one that blends intelligence with execution, operates alongside the system of record, and performs the work itself with accuracy, real-time visibility, and full auditability. Maxima introduces the first agentic AI platform for accounting, giving every team four always-on AI teammates: two that handle daily tasks with precision and two that continuously monitor books and flag issues early. Work is prepared, validated, and documented automatically, leaving only review and approval. Enterprise accounting breaks quickly at scale, and solving it requires deep domain expertise paired with top-tier engineering. Maxima's founding team brings both decades of experience across EY, Citigroup, and Rubrik's journey to a $15B IPO, combined with engineers who built Netflix's $32B billing systems, Facebook's AI infrastructure, and large-scale platforms at Robinhood, Apple, and YouTube. This is the level of rigor needed to tackle one of enterprise software's most complex challenges. Maxima is already running inside high-growth, high-complexity enterprises like Scale AI, Rippling, SpotOn, and Bilt Rewards, delivering up to 80% faster closes, 95% workflow automation, and fully accurate, auditable outputs. Accounting deserves the same leap forward that other functions have gained, real-time operations with continuously updated data. This is the foundation of real-time close, where financials refresh continuously and decisions move at the speed of the business. The future shifts accountants away from weekend reconciliations and error-chasing toward a world where work is executed continuously and accurately by agents, with humans focused on review and judgment.