Maximor, a financial automation company using artificial intelligence to cut down on accounting grunt work, has secured $9m in seed funding.
The round was led by Foundation Capital, with backing from Gaia Ventures and Boldcap. The investor list also includes several notable angels such as Aravind Srinivas, CEO of Perplexity, Tien Tzuo, CEO of Zuora, alongside finance leaders from Ramp, Gusto, Opendoor, MongoDB and the Big Four.
The San Francisco-based firm develops AI agents that connect to ERPs, payroll, billing, banking and other operational systems. These agents are designed to automate repetitive accounting tasks while producing audit-ready outputs by default. The company positions its platform not as a point solution but as a unified command centre for finance operations.
With the fresh capital, Maximor plans to expand its product suite, deepen automation across accounting flows, build vertical modules tailored to specific industries, and strengthen its ability to provide strategic insights to finance leaders. The long-term aim is to create what it calls an “always-on, audit-ready AI-powered finance team” for mid-market and enterprise companies.
The company argues its platform delivers tangible outcomes, such as freeing 40% of team capacity, cleaner audits and unified cross-silo visibility. Proptech company Rently halved its month-end close time in the first month of using Maximor, while wealth manager Invst automated reconciliations and reporting, generating advisor-level profitability insights.
Maximor deploys its specialised finance agents across revenue, cash, close and reporting. Built on its proprietary Audit-Ready Agent™ architecture, the system generates workpapers, reviewer notes and audit trails automatically. Its co-founders, Ramnandan Krishnamurthy and Ajay Krishna Amudan, developed the product after witnessing the inefficiencies in global finance operations while working at Microsoft’s digital transformation unit.
Maximor CEO and co-founder Ramnandan Krishnamurthy said, “Finance should be the growth engine of a company, not a cost center. Capital is how decisions are made. Our job is to automate the mechanics and unify the data so finance leaders can spend time guiding the business. We measure success by customer outcomes, not seats purchased.”
Foundation Capital general partner Ashu Garg said, “What attracted us to Maximor is their seamless integration to any ERP system. Instead of chasing features like many ERP startups, Maximor uses AI to tackle real challenges faced by finance leaders at global companies. Unlike solutions with disconnected AI tools, Maximor has built a unified platform where specialized AI agents work together seamlessly. For mid-market and enterprise finance teams, it bridges the gap between their current systems and advanced AI, enabling meaningful transformation without disruption.”
Rently CFO Dustin Neal said, “Finance should be a growth catalyst, not a bottleneck. With Maximor, our team delivers reliable, audit-ready outputs efficiently while freeing up nearly 50% of our capacity for strategic work. I’m excited about the doors this opens for our business—and energized to partner with a team that’s both world-class and customer-focused.”
Maximor is guided by its “Design for Progress” philosophy, aiming to offer outcome-assured automation that adapts to each organisation rather than forcing a one-size-fits-all model. The company stresses that unlike fragmented point tools, it offers end-to-end enterprise-grade automation for finance processes.
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