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Field raises $17M to automate the drudgery of tax prep
There is a new accounting software in town, coming in with a fresh $17.2 million raise and a desire to shake things up. The company, Field, hopes to Field, which uses AI to complete the lifecycle of a tax return, raised $17.2 million led by Northzone.
Many CPAs are approaching retirement while a dwindling number of students are entering the field, he said, citing much-quoted research from a 2021 report on the topic from the Association of International Certified Professional Accountants. “It reads documents, uses reasoning to apply each firm’s specific approach to tax strategy, and then enters that data into their existing software systems,” Kerry said. Kerry says his product is different from others because the AI was created specifically for tax workflow, and it directly plugs into software systems rather than forcing clients to overhaul existing tech.
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