Artificial intelligence (AI) startup Fieldguide has raised $30 million for its accounting industry offering.
The Series B funding round, announced Tuesday (March 26), will let the company launch new AI capabilities, expand its market reach, and add to its team as it tries to alleviate what it says is a talent shortage in the certified public accountant (CPA) field.
“Paired with the CPA profession’s profound talent shortage is a surge in demand for advisory and audit services, setting the stage for a perfect storm,” Fieldguide CEO Jin Chang wrote in a company blog post. “Faced with this challenging climate of limited human capacity, audit and advisory firms are turning to technology solutions to bridge the growing capacity crunch.”
The company says it helps alleviate this problem with its AI solution, which can automate workflows, streamline operations and give CPAs more time to do high-value work.
“Fieldguide’s AI platform serves to revolutionize the way audit and advisory firms navigate the practitioner capacity shortage, empowering them to thrive during times of unprecedented change,” Chang said.
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