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Blue Dot raises $32M so that AI can worry about company tax compliance
Formerly known as VATBox, Israeli startup Blue Dot aims to cover the entire tax report and return headache for enterprises Oshry Alkeslasi / 8 Apr 2021 • 1 min read
Israeli startup Blue Dot (formerly, VATBox), a developer of an AI-powered tax compliance platform, closed $32 million in growth funding from Ibex Investors. Lutetia Technology Partners also participated in the round, alongside existing investors Target Globalm Viola, and Lamaison Partners.
Automating tax reports
Blue Dot’s technology collects, completes, and reviews financial transaction data, to automate analysis of employee spend to determine tax reports, according to the regulations of the employee’s country of residence. The platform compiles all necessary expense reports, enabling enterprises to