Khosla Ventures has invested $10 million in Synthetic, a new startup founded by Ian Crosby, aiming to create a fully autonomous AI bookkeeper. Despite Crosby's previous venture, Bench Accounting, shutting down, Khosla Ventures sees potential in his vision for AI-driven financial services. Synthetic plans to serve AI and software startups, though Crosby acknowledges current AI models still make significant bookkeeping errors and the technology may not yet be fully feasible. AI
IMPACT This investment signals continued venture capital interest in AI-driven automation for traditional business processes.
RANK_REASON Seed funding round for an AI startup with a founder with a controversial past.
- Basis Set Ventures
- Bench Accounting
- Ian Crosby
- Khosla Ventures
- Mercury
- Parker Conrad
- Shopify
- Tobias Lütke
- Xero
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