# Accel

Type: Company

Source: HR & Workforce Intelligence Brief — https://gethrbrief.com/entity/accel
Canonical HTML page: https://gethrbrief.com/entity/accel

## Timeline

- **2025-02-24**: Basis Series B — Basis announces $100M round at $1.15B valuation to scale its agentic AI platform.
- **2025-02-12**: Accrual Funding — General Catalyst invests $65 million in Accrual, another AI-for-accounting startup.
- **2025-02-05**: Altruist AI Launch — Altruist releases AI agents for tax planning, causing a dip in wealth management stocks.
- **2025-01**: Pennylane Funding — French startup Pennylane raises €175 million to expand its AI accounting platform.
- **2023**: Basis Founded — Basis is established to develop AI agent technology for the accounting sector.

## Recent coverage (1 stories)

### Basis Hits Unicorn Status: AI Agents to Solve Accounting Talent Crisis
2026-02-25 00:19:48 · Sentiment: Positive · Impact: 7/10 · Sources: 2

AI accounting startup Basis has secured $100 million in Series B funding, reaching a $1.15 billion valuation led by Accel and GV. The company’s agentic AI platform aims to automate complex financial workflows, offering a direct technological solution to the chronic labor shortage and declining CPA pipeline in the United States.
Full story: https://gethrbrief.com/story/basis-ai-accounting-unicorn-valuation-talent-shortage

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