Anduin Raises $14M in Seed Funding
Anduin, a Charlotte, NC-based provider of AI powered invoicing and billing solutions for accounting firms and other professional services firms, raised $14M in seed funding.
The round was led by Revolution Ventures with participation from Relevance Ventures and Merian Ventures. In conjunction with the funding, Revolution Ventures managing partner Tige Savage will join Anduin’s board and Graham Ober, vice president at Revolution Ventures, will join as a board observer.
The company intends to use the funds to expand its Intelligence-Based Billing
TM platform to introduce a new Predictive Insights solution and a new suite of Practice Management solutions.
Anduin, a startup providing artificial intelligence-based accounts receivable software, has closed a $14 million seed round.
The money is earmarked to introduce a new Predictive Insights solution and a new suite of Practice Management solutions.
Anduin’s accounts receivable software, built on its Intelligence-Based Billing platform, made Accounting Today’s 2021 Top New Products listing. The software was released in December 2020, closing out a year where firms and organizations of all kinds desperately needed remote-enabled solutions and quicker access to cash.
The forthcoming solutions from Anduin are planned to address challenges in other areas of practice management. Predictive Insights is being developed to unify firms’ disparate systems and data to provide firm leaders with real-time visibility into firm-wide performance. Practice Management will constitute a cloud-based, mobile-enabled, open-architected, AI-powered, and modular suite of practice management solutions f
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