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No. 01
| ACCOUNTING AI
| Lead Story
Six firms raised $552M in accounting AI this year
In the first half of 2026, six accounting AI companies raised $552 million from Goldman Sachs, Accel, Lightspeed, General Catalyst, TCV and Blackstone Growth. Each bet covers a different part of the workflow: Fieldguide in audit, Basis in agents across accounting and tax, Modus rebuilding accounting firms outright, Accrual in tax prep and review, Pennylane in accounting software and Juno in CPA-firm tax automation. Three of those six deals closed within 22 days of each other in February — $250 million in three weeks.
The Signal — For CPA firms still evaluating vendors, the funded companies have named enterprise clients, verifiable deployments and runway past the next contract renewal. Fieldguide is in production at half the top 100 U.S. accounting firms. Basis is working with 30% of the top 25. These are not pilots. The investors who backed these companies already knew the talent math. What to watch: The CPA exam pipeline is at a 17-year low. More than 75% of current CPAs are expected to retire this decade. The companies that show retention rates and client expansion numbers in Q1 2027 announcements are the ones worth shortlisting.
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