UiAgent, an artificial intelligence automation platform that helps accounting firms automate repetitive tasks across client accounting services, tax, and audit, announced Sept. 15 that it has raised a $4.6 million seed round led by investment firm Marathon Management Partners, with participation from Rerail.
As part of the investment, Chase Packard, founding partner at Marathon, will join uiAgent’s board of directors.
UiAgent said the new capital will be used to accelerate development and deployment of its automation agents across more top accounting firms and large enterprises.
Built specifically for accounting firms, uiAgent provides an AI agent automation platform that enables enterprise-grade, end-to-end automation in days—not quarters, the New York City-based company said in a media release. The platform supports both on-premise and cloud deployments and features a large AI agent library covering critical workflows across audit and CAS.
UiAgent claims it powers automation for some of the world’s largest and most forward-thinking accounting firms, including many of the top 100 accounting firms in the U.S. Proven results across its customer base include:
- 80% reduction in manual data entry.
- 25% faster monthly close.
- 35% faster employee benefit plan audit completion.
- 100% automation of journal entry creation.
“The CPA industry is facing a critical skilled labor shortage. Accountants are working excessive hours, sacrificing work-life balance, and as a result, client response times are increasing, client satisfaction is declining, and the quality of deliverables is suffering,” Enes Witwit, CEO and founder of uiAgent, said in a statement. “UiAgent was built to empower these accountants—not with complex, lengthy implementations, high setup costs, or data shared across multiple third-party providers—but with a fast, seamless solution delivered in a fully secure, private environment. We make AI accessible and effortless. CPAs are the backbone of the economy and therefore heroes who deserve to be treated as such.”
Lisa Cattie, director at INSIDE Public Accounting top 200 firm Kreischer Miller, is quoted as saying, “The ability to customize agents is a major differentiator for uiAgent. Many platforms in this space are too rigid to meet the needs of our more complex clients, but uiAgent gives us the flexibility to operate beyond standardized systems. Working with Enes and his team has been energizing—they’re full of ideas that drive efficiency and turn our wishlist into reality.”
“Accounting is ripe for AI automation, driven by a shrinking labor force, high volumes of repetitive work, and siloed data stuck in outdated systems,” Packard added. “Enes and his team saw this coming and built a powerful platform to help firms adopt AI quickly, securely, and with measurable impact. In less than a year, they’ve achieved seven figures in ARR [annual recurring revenue], are working with numerous top 100 firms, and are saving clients thousands of hours annually. We’re fortunate and thrilled to partner with them.”
More information about uiAgent can be found here.
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