Maxima has secured a combined $41 million in Seed and Series A funding as the company aims to redefine the month-end close process through agentic AI systems that work directly alongside accounting teams. The round includes investment from Redpoint Ventures, Kleiner Perkins, and Audacious Ventures, along with participation from experienced finance and operations leaders such as former BlackLine CMO and Chief Strategy Officer Andres Botero, former BlackLine SVP of Operations Eric Borrmann, Rubrik CFO Kiran Choudary, Vanta CFO David Eckstein, and Liquid 2 Managing Partner and NFL Super Bowl Champion Joe Montana.
Based in San Mateo, Maxima is building AI agents capable of co-preparing financial reports with human accountants. The technology is designed to eliminate repetitive manual tasks that have long bogged down accounting departments and contributed to frequent financial restatements, delays, and burnout. The company says its platform supports accuracy, consistency, and full auditability while dramatically reducing the time and labor required to produce month-end financials.
The need for more reliable accounting processes is growing. In the first ten months of 2024, 140 U.S. public companies were forced to restate financial statements due to accounting errors, the highest total in nearly a decade. Accounting teams continue to rely on large volumes of manual reconciliation work across fragmented systems, often responding by hiring additional staff. As data volumes expand and financial structures grow more complex, this approach has created more pressure, not less.
Maxima’s platform automates the most time-consuming parts of the close process, including reconciliations, journal entries, and policy-based workflows. This allows accounting teams to focus on analytical review, validation, and decision-making rather than repetitive data manipulation. Co-founder and CEO Yogi Goel brings two decades of experience across EY, Citigroup, Barclays, and Rubrik, and designed the system around the challenges he repeatedly observed even inside sophisticated finance organizations.
Maxima’s specialized agents coordinate data across systems, transform information into accounting entries, apply internal policies, generate journals, perform reconciliations, and identify anomalies with automated commentary. When teams log in, much of the work has already been prepared and documented for review. Operating as an intelligent layer on top of existing ERPs, the platform has delivered up to 80 percent faster closes, 95 percent automation of manual work, and full auditability for customers, including Scale AI, SpotOn, and Rippling.
The founding team, which includes Akshaya Srivatsa and Jack Liao, previously worked at Meta, Twitter, and Netflix, where they witnessed how legacy tools fail to reduce accountants’ burden meaningfully. Instead of addressing core pain points such as repeat journal creation and complex reconciliations, older systems track the work being performed by humans. Maxima’s approach aims to automate these tasks while preserving complete accuracy and transparency.
KEY QUOTES
“I’ve seen too many talented accountants pushed to their limits — working 16- to 20-hour days for weeks on end just to get the books closed. Accountants are drowning in repetitive, manual work that leaves little time for the judgment, analysis, and strategy their companies actually rely on them for. Maxima’s goal is to change that dynamic by giving accounting teams intelligent systems that can take on the heavy lifting while maintaining accuracy, transparency, and control.”
Yogi Goel, Co-founder and CEO, Maxima
“Maxima has significantly reduced our manual burden, especially for accountants managing general ledger accounting across multiple bank accounts and entities. What used to be repetitive, low-value work is now automated, freeing our team to focus on deeper reconciliations, analytical reviews, and cross-functional insights — helping even our junior staff develop a stronger understanding of our financials through more meaningful, high-impact work.”
Vipin Sethi, Controller, Rippling
“The complexity of accounting operations has outgrown human capacity. AI can now take on the heavy lifting for accountants in ways that simply weren’t possible before, and we’re deeply confident in Yogi and the Maxima team’s ability to lead this shift. They combine rare domain depth in accounting and finance with the technical rigor needed to build enterprise systems that are both scalable and trustworthy.”
Satish Dharmaraj, Managing Director, Redpoint Ventures
“As businesses generate more financial data across more systems, the surface area for errors and delays has exploded. There is a need for AI that can autonomously prepare, reconcile, and validate financials at scale, and we believe Maxima can set a new standard for accuracy and auditability in the AI era.”
Aditya Naganath, Principal, Kleiner Perkins
