Singapore-headquartered accounting tech startup Atlas has raised $6 million in a funding round co-led by Accel and Stellaris Venture Partners, as it looks to expand its artificial intelligence (AI)-native platform and scale operations in North America.
The company said the funds will be used to enhance its AI platform, grow its network of partner accounting firms, and accelerate go-to-markefforts.
Founded in 2025 by Arpit Maheshwari and Jagmal Singh, Atlas is building an AI-led platform for independent accounting firms, aiming to help them scale operations without adding headcount.
“Accounting is a very large and critical industry – over $150 billion in the US alone – but it is facing a significant talent crunch. Over the last five to six years, the number of practicing accountants in the US has dropped by more than 20%, even as demand continues to grow and tax rules become more complex,” Maheshwari, cofounder and CEO, Atlas said.
He added that Atlas is building specialised agents that act as “junior team members for seasoned accountants,” adding significant leverage and learning with every interaction.The startup focusses on embedding AI across accounting workflows. It claimed that its early deployments have delivered over fivefold efficiency gains in targeted workflows. Maheswari said it is already working with some early customers in the US.
The founder explained that the company’s approach is to look at the entire workflow and deliver outcomes. “We have not seen many players taking this end-to-end approach. Most solutions in the market are point solutions that automate a small part of the workflow. Accountants often find these tools fragmented and inefficient,” Maheswari said.
In the US alone, more than 300,000 accounting professionals have exited the workforce since 2019, even as demand continues to grow.“Accounting is a massive, mission-critical industry that is now at an inflection point with AI. Atlas represents this shift – combining a purpose-built platform with a clear vision for how modern accounting firms should operate,” said Shekhar Kirani, partner at Accel.
Alok Goyal of Stellaris Venture Partners said the company is building an end-to-end operating layer for accounting firms that redefines the unit economics of an entire practice and not just one workflow.
Atlas plans to expand its partner ecosystem across North America, targeting independent accounting firms looking to adopt technology to address talent shortages and rising complexity in compliance and client requirements.Source link