Get the latest tech news
Bench burned through $135 million before shutting down
A clearer picture of Bench's downfall is emerging thanks to new bankruptcy filings, which show the accounting startup burned $135 million before collapsing.
The records show that the Canada-based startup, which ironically enough offered cloud accounting software for small businesses, consistently struggled to reach profitability. NBC is owed $51 million by Bench and this number is continuing to accrue due to interest and other fees, the filing notes. His investigative reporting has led to U.S. government sanctions against four tech companies, including China’s largest AI firm.
Or read this on TechCrunch
