Singapore-headquartered accounting tech startup Atlas has raised $6 million in a funding round co-led by Accel and Stellaris Venture Partners, as it looks to expand its artificial intelligence (AI)-native platform and scale operations in North America.
The company said the funds will be used to enhance its AI platform, grow its network of partner accounting firms, and accelerate go-to-market efforts.
Founded in 2025 by Arpit Maheshwari and Jagmal Singh, Atlas is building an AI-led platform for independent accounting firms, aiming to help them scale operations without adding headcount.
"Accounting is a very large and critical industry — over $150 billion in the US alone — but it is facing a significant talent crunch. Over the last five to six years, the number of practicing accountants in the US has dropped by more than 20%, even as demand continues to grow and tax rules become more complex," Maheshwari, cofounder and CEO, Atlas said.
He added that Atlas is building specialised agents that act as "junior team members for seasoned accountants," adding significant leverage and learning with every interaction.
The startup focusses on embedding AI across accounting workflows. It claimed that its early deployments have delivered over fivefold efficiency gains in targeted workflows. Maheshwari said it is already working with some early customers in the US.
The founder explained that the company's approach is to look at the entire workflow and deliver outcomes. "We have not seen many players taking this end-to-end approach. Most solutions in the market are point solutions that automate a small part of the workflow. Accountants often find these tools fragmented and inefficient,” Maheshwari said.
In the US alone, more than 300,000 accounting professionals have exited the workforce since 2019, even as demand continues to rise.
“Accounting is a massive, mission-critical industry at an inflection point with AI,” said Shekhar Kirani, partner at Accel. Anagh Prasad, investor at Accel, added that Atlas is combining a purpose-built platform with a clear vision for how modern accounting firms should operate.
Alok Goyal of Stellaris Venture Partners said the company is building an end-to-end operating layer for accounting firms that can change the economics of an entire practice, not just individual workflows.
Atlas plans to expand its partner network across North America, targeting independent accounting firms adopting technology to address talent shortages and growing compliance complexity.
The company said the funds will be used to enhance its AI platform, grow its network of partner accounting firms, and accelerate go-to-market efforts.
Founded in 2025 by Arpit Maheshwari and Jagmal Singh, Atlas is building an AI-led platform for independent accounting firms, aiming to help them scale operations without adding headcount.
"Accounting is a very large and critical industry — over $150 billion in the US alone — but it is facing a significant talent crunch. Over the last five to six years, the number of practicing accountants in the US has dropped by more than 20%, even as demand continues to grow and tax rules become more complex," Maheshwari, cofounder and CEO, Atlas said.
He added that Atlas is building specialised agents that act as "junior team members for seasoned accountants," adding significant leverage and learning with every interaction.
The startup focusses on embedding AI across accounting workflows. It claimed that its early deployments have delivered over fivefold efficiency gains in targeted workflows. Maheshwari said it is already working with some early customers in the US.
The founder explained that the company's approach is to look at the entire workflow and deliver outcomes. "We have not seen many players taking this end-to-end approach. Most solutions in the market are point solutions that automate a small part of the workflow. Accountants often find these tools fragmented and inefficient,” Maheshwari said.
In the US alone, more than 300,000 accounting professionals have exited the workforce since 2019, even as demand continues to rise.
“Accounting is a massive, mission-critical industry at an inflection point with AI,” said Shekhar Kirani, partner at Accel. Anagh Prasad, investor at Accel, added that Atlas is combining a purpose-built platform with a clear vision for how modern accounting firms should operate.
Alok Goyal of Stellaris Venture Partners said the company is building an end-to-end operating layer for accounting firms that can change the economics of an entire practice, not just individual workflows.
Atlas plans to expand its partner network across North America, targeting independent accounting firms adopting technology to address talent shortages and growing compliance complexity.