Accordance Launches AI Platform for Tax, Raises $13M Funding

Accordance, a San Francisco-based AI startup founded by Stanford researchers David Yue and Finsam Samson, has publicly launched with $13 million in funding led by Khosla Ventures and General Catalyst to revolutionize tax and accounting services. The platform uses an advanced multi-agent AI system trained on an extensive library of federal, state, local, and international tax and accounting regulations, court rulings, and treaties, enabling it to provide expert-level insights and consistently outperform major foundation models on specialized reasoning tasks. Designed as an intelligent co-pilot, Accordance aims to address the acute talent shortage in the accounting industry, where 75% of CPAs are expected to retire in the next decade, by augmenting professionals’ expertise and turning junior staff into experts. The startup has already been adopted by over 50 large CPA firms and is involved in partnerships with educational institutions like the University of San Francisco’s Law School to train future professionals. Investors highlight Accordance’s potential to fundamentally transform how expertise is created and distributed in financial services, emphasizing that the AI multiplies rather than replaces human knowledge. The company also collaborates with leading AI research organizations including OpenAI, Anthropic, and Stanford to stay at the forefront of AI advances.