Blue dot raises $32M for AI that helps businesses manage their tax accounting

Blue dot raises $32M for AI that helps businesses manage their tax accounting

3 years ago
Anonymous $4BDEsVAtYS

https://techcrunch.com/2021/04/07/blue-dot-raises-32m-for-ai-that-helps-businesses-manage-their-tax-accounting/

Artificial intelligence has become a fundamental cornerstone of how a lot of business software works, providing a useful boost in reading, understanding, and using the often-fragmented trove of data that organizations generate these days. In the latest development, an Israeli startup called Blue dot, which uses AI to help companies handle their tax accounting, is announcing $32 million in funding to continue its growth, specifically addressing the demand from companies for more user-friendly tools to help read and correctly itemize expenses for tax purposes.

“The tax sector is very complicated, and we are playing in a very large space, but it’s a huge revolution,” Blue dot’s CEO and co-founder Isaac Saft said in an interview. “Business and enterprise accounting is just not going to look the same in the future as it does today.”