Kintsugi AI, a tax automation platform, announced that it has extended its Series A with an additional investment from Airwallex, bringing the total funding to $10 million. The company’s previous investors include GSRVentures, WestWave Capital, Link Ventures, Venture Highway, KyberKnight, Plug and Play, and DeVC.
This funding round will focus on new hires for Kintsugi, especially the engineering team.
Founded by Pujun Bhatnagar, Barkin Doganay, and Jeff Gibson, Kintsugi AI aims to automate sales tax compliance with its comprehensive platform, covering real-time nexus monitoring, AI-enabled product categorization, rooftop-level tax calculation and validation, sales tax registration, filing, exemption certificates handling, back-tax compliance, etc.
KEY QUOTES:
“For the last four months, we have been moving at the speed of light. We have quadrupled our revenue and doubled the number of customers. In the coming weeks we will announce recent integrations that will establish Kintsugi as the leader in the tax management solution space.”
– Co-Founder Pujun Bhatnagar
“We are excited to be partnering with Kintsugi, a leading innovator in the sales tax industry. Their application of AI towards tax will revolutionize how sales tax is managed and together, we aim to drive forward solutions that empower businesses to navigate the ever-evolving payments and tax landscape with ease and efficiency.”
– Christopher Cheng on behalf of Airwallex
“Paying taxes is a critical part of managing and growing your business, but doing it right is complicated. Our platform takes the worry out of sales tax and lets you put your sales tax compliance on autopilot, delivering high performance, reliability, and flexibility as you scale. At Kintsugi we are changing the way the world thinks about sales tax through innovation and AI.”
– Jeff Gibson
