The AI caught attention to all kinds of futuristic technologies, from humanoid robots to autonomous warships. But there is a quieter explosion that happens in an extremely traditional industry: Accounting. VCS are excited by the prospect of automating expensive human work with AI, funding companies such as Numeric and Kick Last year, to mention some.
Last start to drive this wave is QuantitativeSelling a software software platform powered by AI to software companies and has garnered a $ 4.7 million seed round, led by Accel, told TechCrunch exclusively. Other investors include Basecase, Comma Capital and investor Angel Angel Elad Gil.
Quanta detects its origin to Helen Hastings founder as a software engineer in Buy Now, later Pay confirmed the company, where he saw first hand how outdated accounting software it was. Taking good financial data was extremely manual and led to reports that came out only once a month.
“I knew I wanted to build something from scratch that could help financial groups and business leaders be more effective,” Hastings told TechCrunch.
Thus, the Quanta platform delivers data from the existing Fintech tools of a company such as Brex, Mercury or Stripe for automatic books and real -time books.
This is a vision that has overcome other businesses such as Bench, who has – and failed – to automate some of the expensive human accountants (600 strong in his climax) with AI. But Hastings says Quanta will avoid this riddle by building a first AI product before hiring many accounting. Thus, of course, only initially accepted customers for whom the automated system could perform all the accounting.
Fundraise is also a personal milestone for Hastings as a female founder in a male dominated space. The percentage of funding going to women founded only for women such as Quanta was just 2% in 2024, According to Pitchbook data. Hastings says a college trainer once told her that she did not learn to become a founder. But moments like this only rejuvenate it more.
With this concentration of funds, Hastings says that Quanta plans to overcome the current position of early stage software companies in larger businesses, including those with multiple corporate entities. Hastings says it is excited for larger organizations to “expect more” from their accounting tools “beyond what the established bodies were able to handle.”
