Atlas, a Singapore-headquartered technology company, announced it has raised $6 million in seed funding to advance its AI-driven accounting platform and expand its footprint in North America. The round was co-led by Accel and Stellaris, two early-stage venture capital firms, with the capital earmarked for product development, partner network growth, and go-to-market acceleration in a global accounting market valued at over $150 billion.
The funding comes amid a growing talent shortage in the accounting industry. In the United States alone, more than 300,000 professionals have exited the field since 2019, even as tax regulations and client demands have become more complex. Independent accounting firms are increasingly turning to technology to address capacity constraints and maintain service levels.
Atlas is positioning its platform as a solution to this gap by embedding artificial intelligence across both operational and administrative workflows. The company follows a human-in-the-loop approach, using AI as a support layer rather than a replacement for accountants. This allows professionals to shift from execution-heavy tasks to higher-value activities such as review, analysis, and client advisory. Early deployments of the platform have demonstrated efficiency gains of more than five times in targeted workflows.
The company was founded in the second half of 2025 by Arpit Maheshwari and Jagmal Singh, who bring a combined three decades of experience in the startup ecosystem. Prior to launching Atlas, Maheshwari led AI software investments at Stellaris and held leadership roles at companies including CarDekho. Singh previously served in leadership and CTO roles at CarDekho, PaisaBazaar, and other growth-stage and publicly listed companies in Singapore.
With the new funding, Atlas plans to deepen its AI capabilities, expand its network of partner accounting firms, particularly in North America, and accelerate adoption across the industry as firms look to scale operations without increasing headcount.
KEY QUOTES
“The accounting industry is at an inflection point. With AI, we have technology that adapts to the way professionals work, and not the other way around. Atlas is building infrastructure that will allow the best independent firms to compete at a scale that was previously out of their reach. We are also putting skin in the game with our partners, aligning our incentives directly to their success. This funding allows us to deepen our platform, grow our network, and move with the urgency this moment demands.”
Arpit Maheshwari, CEO, Atlas
