How Klarity is Revolutionizing Accounting with a $70M Boost

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San Francisco-based accounting startup Klarity has secured $70 million in a Series B funding round, led by Nat Friedman and Daniel Gross, with participation from several venture capitals. Klarity employs AI to process data in contracts and internal records, minimizing the need for manual labor. The investment will help the company grow its workforce significantly by the end of the year. This funding highlights a trend of increased investment in AI-driven accounting technologies, with other firms like Ageras, FloQast, and DataSnipper also raising substantial funds recently. AI aims to automate repetitive accounting tasks, mirroring similar investment trends in the legal tech sector.

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