When was Materia founded?

Materia was founded in 2023 and raised its 1st funding round 1 year after it was founded.

Where is Materia located?

Materia is headquartered in New York City, United States.

How many employees does Materia have?

As of May 31, 2026, the latest employee count at Materia is 1.

Is Materia a funded company?

Materia is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Jun 20, 2024.

When was the latest funding round of Materia?

Materia's latest funding was a $***** Series A round on Jun 20, 2024, with participation from 5 investors. Its primary sector is Finance & Accounting Tech. In United States, the Finance & Accounting Tech sector has seen $2.5B in funding in 2026 to date.

Where does Materia rank among its competitors?

Materia ranks 4th amongst 89 active competitors, of which 11 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was K1x, which secured $175M in Apr, 2026.

Who are the top competitors of Materia?

Materia's top competitors include K1x, HubSync and Ledgible. Among them, K1x secured the most recent funding round in April, 2026.

Materia - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of an AI platform for tax, audit, and accounting professionals. The platform automates complex tasks, accelerates document analysis, and standardizes processes. It integrates insights from regulatory sources, firm knowledge, and third-party systems. The platform helps users analyze documents, flags risks, and organizes content for collaboration.

Key Metrics

Founded Year

2023

Location

New York City, United States

Stage

Acquired

Total Funding

$6.3M in 1 round

Latest Funding Round

Series A, Jun 20, 2024, $*****

Investors

Spark Capital & 4 more

Ranked

4^th among 89 active competitors

Employee Count

1 as on May 31, 2026

Similar Companies

K1x & 189 more

Exit Details

Acquired by Thomson Reuters (Oct 22, 2024)

View Materia's full profile

Materia got acquired by Thomson Reuters on Oct 22, 2024.

Click here to take a look at Materia's acquisition in detail

Materia has raised a total funding of $6.3M over 1 round. Its latest funding round was a Series A round on Jun 20, 2024 for $*****. 5 investors participated in its latest round. Materia has 5 institutional investors.

Here is the list of recent funding rounds of Materia:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 20, 2024	2680249	Series A	1454554	7304623	1367672	5917706

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View details of Materia's funding rounds and investors

The founders of Materia are Lucas Adams and Kevin Merlini.

Here are the details of Materia's key team members:

Lucas Adams: Former Co-Founder & CTO of Materia.
Contact Info: 1 email address
Kevin Merlini: Former Co-Founder of Materia.

View details of Materia's Founder profiles and Board Members

Materia's employee count trend

Materia has 1 employees as of May 26. Here is Materia's employee count trend over the years:

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Top competitors of Materia include K1x, HubSync and Ledgible. Here is the list of Top 10 competitors of Materia, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	K1x 2022, Chicago (United States), Series B	Provider of AI-powered automation software for K-1, K-3, and 990 tax reporting	$210M	Sumeru Equity Partners, Edison Partners	56/100
2nd	HubSync 2019, Alexandria (United States), Series B	Provider of a platform for tax workflow and client management	$105M	Nashville Capital Network, Thoma Bravo	54/100
3rd	Ledgible 2014, Atlanta (United States), Series A	Provider of a platform for digital asset tax and accounting	$20M	EJF Investments, TTV Capital & 12 others	54/100
4th	Materia 2023, New York City (United States), Acquired	Provider of an AI platform for tax, audit, and accounting professionals	$6.3M	Spark Capital, Allen Institute for Artificial Intelligence ... & 3 others	42/100
5th	Juno 2023, Rancho Santa Fe (United States), Seed	AI-powered tax preparation platform for tax professionals	$12M	Bonfire Ventures, Xfund & 1 others	42/100
6th	SurePrep 2002, Irvine (United States), Acquired	Provider of tax automation software	-	Bregal Sagemount	31/100
7th	Sigma Tax Pro 2013, Delray Beach (United States), Funding Raised	Cloud-based tax preparation solutions for tax professionals	-	-	29/100
8th	SmartWiz 2023, Birmingham (United States), Seed	Tax software solution for tax professionals	$700K	Google	29/100
9th	Corvee 2015, Fort Lauderdale (United States), Series A	Tax planning software for accountants and tax professionals	$10M	-	29/100
10th	Protax 2001, New York City (United States), Unfunded	App-based tax consulting solutions for individuals and businesses	-	-	29/100