Funding Details
- Awarder
- YCombinator
- Date Award
- January 15, 2025
- Vertical
- B2B,Finance and Accounting
- Funding URL
- View Funding Page
- Valuation
-
$0
Company Info
- Founding Year
- 2025
- Company Description
- Mesh builds domain-specific AI agents to automate repetitive accounting tasks like cash reconciliation, expense wires, and inter-company transactions. Whatever tasks accounting firms are currently outsourcing abroad for reduced labor costs, we automate entirely.
Erin and Nandini met at Carta where they spent 5+ years building accounting automation. They helped grow Carta's fund accounting business from $20M to $100M, transformed offline excel tasks into automated workflows, and increased customer satisfaction score by over 50% by creating an internal workspace for task coordination.
We’ve seen firsthand the scaling challenges that come with operating an accounting firm with thousands of clients. You can’t service clients fast enough, so you start aggressively hiring and outsourcing accountants, which risks your work quality and client satisfaction. It becomes a vicious cycle–one that our AI agents are uniquely positioned to fix.
With a current shortage of 340,000 accountants in the US, along with the alarming statistic that 75% of certified public accountants (CPAs) will reach retirement within the next 15 years, AI has a critical role to play. And we want to be the ones to automate this $63bn outsourced accounting and finance industry.
Our AI agents work long hours, so accountants don't need to.
- Market
- B2B
- Location
-
San Francisco,
CA,
USA
- Coinvestors
- YCombinator
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