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Results for 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 ....
Blue dot raises $32M for AI that helps businesses manage their tax accounting Artificial intelligence has become a fundamental cornerstone of how a lot of business software works, providing a useful boost in reading, understanding, and using the often-fragmented trove of data that organizations generate these days. In the latest development, an Israeli startup called Blue dot, which uses AI to help companies handle their tax accounting, is announcing $32 million in funding to continue its growth, specifically addressing the demand from companies for more user-friendly tools to help read and correctly itemize expenses for tax purposes. “The tax sector is very complicated, and we are playing in a very large space, but it’s a huge revolution,” Blue dot’s CEO and co-founder Isaac Saft said in an interview. “Business and enterprise accounting is just not going to look the same in the future as it does today.” ....
Blue dot Secures $32 Million in Funding to Accelerate Growth Tax Compliance Platform Blue dot Closes Successful Funding Round Led by Ibex Investors in partnership with Lutetia Technology Partners News provided by Share this article Share this article WALTHAM, Mass., April 7, 2021 /PRNewswire/ Blue dot, formerly known as VATBox, makers of the leading AI-driven, cloud-based tax compliance platform, today announced that the company successfully closed a $32 million funding round led by Ibex Investors in partnership with Lutetia Technology Partners. Previous investors Lamaison Partners, Viola and Target Global also participated in the round. The funding enables Blue dot to deliver its groundbreaking solutions to more North American and European customers as demand rises for digital tax compliance solutions. ....
Tax compliance co Blue dot raises $32m globes.co.il - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globes.co.il Daily Mail and Mail on Sunday newspapers.