Basis - About the company
Basis is a series B company based in New York City (United States), founded in 2023 by Mitchell Troyanovsky and Matt Harpe. It operates as an AI agents for automating accounting workflows and engagements. Basis has raised $138M in funding from investors like Accel, Khosla Ventures and Google Ventures, with a current valuation of $1.15B. The company has 1719 active competitors, including 47 funded and 35 that have exited. Its top competitors include companies like Pilot, Paylocity and Osome.
Sectors and market segments that Basis operate in
Basis serves in the FinTech, High Tech, Native AI market segments.The primary business model of Basis are:Company Details
AI agents for automating accounting workflows and engagements. The AI agents onboard onto accounting engagements at the direction of an accountant. The agents adapt their intelligence to the engagement they are working on. The AI agents integrate with existing systems, ledgers, and file systems.
Key Metrics
Founded Year
2023
Location
New York City, United States
Stage
Series B
Total Funding
$138M in 3 rounds
Latest Funding Round
Post Money Valuation
$1.15B as on Feb 25, 2026
Ranked
1st among 1719 active competitors
Employee Count
176 as on Jul 31, 2026
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Basis's funding and investors
Basis has raised a total funding of $138M over 3 rounds. Its first funding round was on Oct 18, 2023. Its latest funding round was a Series B round on Feb 24, 2026 for $100M. 20 investors participated in its latest round. Basis has 7 institutional investors and 26 angel investors.
Here is the list of recent funding rounds of Basis:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 24, 2026 | $100M | Series B | $1.15B | - | ||
Dec 17, 2024 | $34M | Series A | - | - | ||
Oct 18, 2023 | $3.6M | Seed | - | - |
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Basis' founders and board of directors
Founder? Claim ProfileThe founders of Basis are Mitchell Troyanovsky and Matt Harpe.
Here are the details of Basis' key team members:
- Mitchell Troyanovsky: Co-Founder of Basis and founder of 1 other company. Contact Info: 1 email address
- Matt Harpe: Co-Founder of Basis. Contact Info: 1 email address
View details of Basis's Founder profiles and Board Members
Basis' employee count trend
Basis has 176 employees as of Jul 26. Here is Basis's employee count trend over the years:
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Basis's Competitors and alternates
Top competitors of Basis include Pilot, Paylocity and Osome. Here is the list of Top 10 competitors of Basis, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Basis 2023, New York City (United States), Series B | AI agents for automating accounting workflows and engagements | $138M | 69/100 | |
2nd |  Pilot 2017, San Francisco (United States), Series C | Bookkeeping solutions for businesses | $222M | 69/100 | |
3rd | Paylocity 1997, Arlington Heights (United States), Public | Provider of human resources, payroll, finance, and information technology solutions | $37.3M | 69/100 | |
4th | Provider of company incorporation, accounting, and corporate secretarial services | $75M | 67/100 | ||
5th | Provider of online bookkeeping, tax preparation, and financial management solutions | $115M | 58/100 | ||
6th | Iris Software 1979, Datchet (United Kingdom), Acquired | Provider of software and services for accountancy, HR, payroll, and education | - | 54/100 | |
7th | Trayd 2021, New York City (United States), Series A | Provider of construction back office software for labor and project management | $15.1M | 52/100 | |
8th |  FastSpring 2005, Santa Barbara (United States), Acquired | Cloud based platform offering subscription management and tax collection solutions | - | 52/100 | |
9th | Decision automation and Gen AI-powered digital transformation platforms | - | - | 51/100 | |
10th | Consero Global 2006, Austin (United States), Series B | Finance as a Service provider offering cloud-based solutions and expert advisory | $55M | 51/100 |
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Basis's Investments and acquisitions
Basis has made no investments or acquisitions yet.
Reports related to Basis
Here is the latest report on Basis's sector:
News related to Basis
Media has covered Basis for a total of 2 events in the last 1 year, 1 of them has been about partnerships.
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AI accounting startup Basis raises $100M at $1.15B valuation from Accel, GV to automate Big Four drudgeryTech Funding News•Feb 24, 2026•Basis, Google Ventures, Accel, Google and 7 others
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Basis Secures $34M to Deploy AI Agents for Accounting FirmsMaginative•Dec 18, 2024•Basis, Khosla Ventures, OpenAI, NFDG
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AI-powered accounting startup Basis raises $34M in fundingSiliconAngle•Dec 18, 2024•Basis, Khosla Ventures, Better Tomorrow Ventures, BoxGroup and 2 others
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Basis Secures $3.6 Million to Bring AI to Accounting FirmsFintech Finance•Oct 18, 2023•Basis, Better Tomorrow Ventures, BoxGroup, Avid Ventures and 1 other
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