Full-Time
Automated data encryption solutions for fintech
$100k - $300k/yr
Senior, Expert
Company Does Not Provide H1B Sponsorship
New York, NY, USA
In-person team, 5 days a week in the NYC office.
Basis provides automated data encryption solutions specifically designed for financial institutions such as banks and investment firms. Its main product is an encryption platform that automatically encrypts data at rest, using industry-standard methods like AES 256 and HMAC to protect sensitive information from unauthorized access. Additionally, Basis secures data transmission with HTTPS and TLS, ensuring that data remains safe during transfer. Unlike many competitors, Basis operates on a subscription-based model, allowing clients to integrate its services through secure APIs while maintaining full control over their data. The company's goal is to enhance data security and privacy for financial entities, ensuring that client information is never shared or stored without consent.
Company Size
11-50
Company Stage
Series A
Total Funding
$37.6M
Headquarters
New York City, New York
Founded
2023
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Company Equity
Basis, a company equipping accountants with AI agents, has raised $34 million to scale rapidly. Based in NYC, Basis has achieved product-market fit and is experiencing high demand, with revenue increasing tenfold in the last five months. The company is backed by prominent investors, including Keith Rabois from Khosla Ventures and other leaders in ML and fintech. Basis is expanding its team and emphasizes in-person collaboration to push technical boundaries.
Basis, a company that equips accountants with AI agents, has achieved product market fit and raised $34 million to scale rapidly. Based in NYC, Basis is experiencing extremely fast growth, with revenue increasing tenfold in the last five months. The company is backed by prominent investors like Keith Rabois and others from the ML and fintech sectors. Basis is expanding its team and emphasizes in-person collaboration to push technical boundaries.
Basis, a company based in NYC, has raised $34 million to scale its AI-driven accounting solutions. Experiencing rapid growth, Basis has partnered with major accounting firms, achieving a 10x revenue increase in the past five months. Supported by investors like Keith Rabois from Khosla Ventures, Nat Friedman, and Daniel Gross, Basis is expanding its team to meet high demand, offering significant responsibility and ownership opportunities. The company emphasizes in-person collaboration in its NYC office.
The B2B payments landscape is at a pivotal juncture as 2025 approaches.On one hand, the imperative to digitize and integrate payment processes has never been more pressing. On the other, legacy systems and entrenched processes pose significant obstacles, creating a delicate balancing act for businesses striving to modernize.Understanding these dueling imperatives is key to navigating the future of B2B payments, as organizations grapple with how to innovate without compromising existing workflows.Success may depend on embracing a strategic approach that balances the need for innovation with the realities of legacy infrastructure. By tackling modernization incrementally, leveraging partnerships and fostering a culture that champions change, businesses can work to chart a path forward that helps ensure both operational excellence and future readiness.After all, it wouldn’t be a B2B new year without something old and something new.The Digitization and Integration of B2B Payment ProcessesThe digital transformation of payment processes offers unparalleled opportunities for efficiency. Manual processes, still prevalent in many B2B transactions, are fraught with delays and errors. Digitized systems, by contrast, enable real-time payments, automated reconciliation, and streamlined approvals, reducing operational friction and enhancing cash flow visibility.There are two sides to any commercial transaction. Within B2B, buyers and suppliers find one another and agree on terms, funds flow, and accounts payable and receivable departments interact
Basis, an AI-powered accounting startup, has raised $34 million in a Series A funding round led by Khosla Ventures, with participation from Better Tomorrow Ventures, BoxGroup, Avid Ventures, and NFDG. Angel investors include Google Chief Scientist Jeff Dean. Basis aims to enhance accountant productivity by automating repetitive tasks. The funding will support hiring and product development. The platform is already used by several top 100 U.S. accounting firms.