Klarity Analysis: $90M Raised
What is Klarity?
Klarity specializes in automating document review processes using artificial intelligence. Their unique approach enhances efficiency, accuracy, and compliance across various financial operations. This transformation allows organizations to streamline workflows and reduce manual errors significantly.
Employees
51-200
Founded
2017
Industry
SaaS, FinTech, AI/ML
Product Features & Capabilities
- Automated document review for ASC 606 compliance
- AI-driven order management solutions
- Automated cash application processes
- Invoice and expense receipt processing
- SOX testing automation with AI.
Use Cases
Automate document review for financial compliance; Streamline order management processes across departments; Enhance cash application accuracy and efficiency; Reduce manual errors in invoice processing; Improve SOX compliance through automated testing.
How much Klarity raised
Series B - $70,000,000
2024-06-24Lead Investor: NFDG, Y Combinator, Tola Capital, Picus Capital, Invus Capital
Series A - $18,000,000
2022-01-22Lead Investor: Tola Capital
Seed - $1,800,000
2019-01-18Lead Investor: Not specified
Seed - $120,000
2018-08-18Lead Investor: Not specified
Other Considerations
Trusted by Fortune 500 companies; Focus on improving employee experience; Significant time savings reported by users.
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Financial Overview
$90MTotal Raised
Series B$70,000,000
2024-06-24
Investors: NFDG, Y Combinator, Tola Capital, Picus Capital, Invus Capital
Series A$18,000,000
2022-01-22
Investors: Tola Capital
Seed$1,800,000
2019-01-18
Investors: Not specified
Seed$120,000
2018-08-18
Investors: Not specified
Pre-Seed
Not specified
Investors: Not specified
